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How to Finance a Small Business Franchise |
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Written by Whitaker Stacey
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During the lending heyday which peaked during 2006 and 2007, it wasn’t difficult to secure a small business loan. As long as you had decent credit and a viable business plan, the money was virtually in your pocket before you even contacted a lending institution. After the bubble burst in 2008, however, things became a little more complicated. Banks weren’t handing out loans to any old Joe anymore, and regulations were tighter than ever. Luckily, the world of small business loans has revived a bit—though it’s still nowhere near the boom it experienced several years ago—and the chances of getting a loan are now fairly good. Here are some things to consider when preparing for and initiating a loan to finance your small business franchise. |
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What Female Entrepreneurs Should Know about Franchising |
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Written by Whitaker Stacey
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The field of franchising is not just a man’s world anymore. In fact, there are some special financing opportunities and unique niches that make owning and operating a franchise as a female more feasible—and potentially more profitable—than ever before. |
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What You Need to Know Before Opening a Small Business Franchise |
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Written by Whitaker Stacey
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So you’re interested in opening a small business franchise? Before you put your family and your finances on the line, you need to do as much research as possible about the process of purchasing a franchise as well as the potential pitfalls and advantages. There are many, many factors to consider. A good portion of the answers to your questions can only be found by talking directly to the corporation you’re dealing with. While certainly not a comprehensive list, here are some basic things you should know before deciding to open a small business franchise. |
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