Wondering how to pay for a franchise? Bank on it.
It’s 2021, time to grab the bull by the horns. What’s holding you back from becoming your own boss? If the answer is money, I have good news for you.
Many people don’t realize that there are a variety of funding options available if you want to buy a franchise. You need less in your own bank account than you may think. You can combine funds from sources like these:
SBA Loan
The U.S. Small Business Administration (SBA) reduces risk for lenders, making it easier for them to access capital and, in turn, make loans to small business owners.
HELOC
A home equity line of credit (HELOC) typically takes the form of a second mortgage on your primary residence, using equity in your home to invest in your business.
401K/IRA Rollover
Also known as ROBS (Rollover as Business Start Up). Read here for more detail.
Schedule a call with me to learn more. I can connect you with two of the most experienced and trusted funders in the industry.