Tuesday, July 6, 2010

Where There's a Will, There's a Way

You and your franchise consultant have identified the perfect franchise that meets all of your requirements. You called existing franchisees and love what they said about their experience in the system. You reviewed the FDD with a franchise attorney. You have the support from friends and family. You are ready to sign the franchise agreement and become a franchise owner. The only thing standing in your way is money, or more specifically a lack there-of. Traditionally you would put together a business case and go to your bank for a business loan. Unfortunately, the credit markets are tight and traditional funding is very difficult to come by. Thankfully budding entrepreneurs have other options. Benetrends and FranEquity can make your dream of business ownership a reality.

Benetrends has been in business for over 15 years, helping people use retirement savings to fund a new or existing business. Benetrends will set up your company as a C-corporation. They will roll-over your existing 401(k) into your new company's retirement plan, and then use the money to buy stock in your new company. You will not incur any early withdrawal or tax penalties. You can use cash generated from the stock sale for legitimate business expenses, including a salary for yourself. You and your employees can make contributions from paychecks to the retirement plan to save for the future.

FranEquity is another option to secure financing for your franchise. FranEquity is essentially Match.com for franchise financing. At FranEquity, you publish an investment opportunity to the investing community. Angel investors, private equity groups, and traditional banks will review the opportunity and start a dialog with you if they are interested. Through this channel you might be approached by people looking to invest in your company or loan you the money you need to get started.

Meta-Franchise Consulting looks forward to working with you to secure the financing you need to make your dream of business ownership a reality.

http://www.metafranchiseconsulting.com/

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