Franchise Business Loans

A franchise can be an excellent pathway to business ownership for those who want the comfort of a proven operation method, brand recognition, and countless other resources. Conversely, the desire to grow your established business through an offering of franchises can be a smart way to expand. In both situations, liquidity is essential to fulfilling these business goals. For the franchisee, a small business loan could go toward expenses like:

• Paying franchise fees.
• Updating or remodeling your location to meet the required specifications under your franchise agreement.
• Attorney fees to review and negotiate the terms of your franchise agreement.
• Additional training necessary to comply with other practices of your franchise.

On the flip side, small businesses looking to grow through a franchise program will also have costs such as marketing to attract prospective franchisees, attorney fees to prepare franchise agreements, and consultants to help with other aspects of building out your franchise model.