Investing in your own future by securing a franchise can be a significant financial outlay. Fortunately, there are several common funding options that may be available to you. Utilizing some cash, or similar liquid funds is common, but most new franchisees rely on secured and unsecured financing, or leveraging their retirement accounts tax-free for much of their investment.
Here are some resources to consider:
- How much cash have you allocated for your new business?
- Do you have good or excellent credit with no recent bankruptcies or other adverse events?
- Do you have a 401(k), IRA or similar retirement account?
- Do you have 30% or more equity in your primary or secondary home?
For a complete overview of possible funding options please contact us by phone or email, or schedule an introductory call by clicking here.