I have published a few blog posts this year about how to find the necessary financing for a franchise when the traditional lenders aren't working for you. In July I covered Benetrends who will help you convert your retirement account into cash for your business (tax and penalty free). In September I wrote about FranFund who provides a service similar to Benetrends but can also help with more traditional loan packages. I just read this article on the PR Newswire about franchise financing improvements that will help more people find franchise financing and open their doors for business.
Before deciding to post this PR Newswire article by Mark Siebert, I looked into his bio. He has been in franchising since 1985 and has taught graduate-level courses on franchising. I trust that Mr. Siebert knows what he's talking about and I am excited for my clients that have the drive and desire to be business owners but until now lacked the financial resources to buy a franchise. Let's get started on your franchise search process now!
Small Improvements in Financing to Spur Franchise Sales Boom
Showing posts with label financing. Show all posts
Showing posts with label financing. Show all posts
Monday, December 6, 2010
Tuesday, September 7, 2010
Get Funded Now
Meta-Franchise Consulting is fortunate to be part of a large network of Franchisors and franchise consultants. It gives us access to information that we wouldn't have otherwise...information that we are excited to pass on to you.
The last couple of years have been challenging for business financing. In the past we have blogged about Benetrends and FranEquity. Benetrends can help you use retirement savings to fund a business (tax and penalty free!) and FranEquity can match your business with interested investors.
FranFund is another great option for potential franchisees. FranFund offers a number of different loan packages that can be tailored to your individual needs. For example, their FranPlan is similar to Benetrend's offering and gives you the ability to compare and contrast offerings. FranFund can also help with Commercial Loans, SBA Loans, Capital Lease Programs, Unsecured Lines of Credit, and Home Equity Loans. FranFund has a team of knowledgeable consultants that will help you customize the best financing package.
Meta-Franchise Consulting looks forward to working with you to secure the financing you need to make your dream of business ownership a reality.
The last couple of years have been challenging for business financing. In the past we have blogged about Benetrends and FranEquity. Benetrends can help you use retirement savings to fund a business (tax and penalty free!) and FranEquity can match your business with interested investors.
FranFund is another great option for potential franchisees. FranFund offers a number of different loan packages that can be tailored to your individual needs. For example, their FranPlan is similar to Benetrend's offering and gives you the ability to compare and contrast offerings. FranFund can also help with Commercial Loans, SBA Loans, Capital Lease Programs, Unsecured Lines of Credit, and Home Equity Loans. FranFund has a team of knowledgeable consultants that will help you customize the best financing package.
Meta-Franchise Consulting looks forward to working with you to secure the financing you need to make your dream of business ownership a reality.
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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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/
Share
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