Want to start a franchise

by Quincy
( San Antonio,TX)

How do I raise $750,000 to qualify for a franchise? Should I seek Venture Capitalists, Angle investors, or Small business loans?

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Want to start a franchise

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Aug 21, 2009

Financing a Franchise
by: Jon, Business Plan Specialist

Quincy, the best all around source for franchising financing is the SBA. I do not, however, want to infer that it is an easy process, especially for $750,000. The SBA does require collateral for its loans, and it will want to be assured that you are an experienced, successful entrepreneur with considerable background in your business field. For recommendations on how to approach the SBA, or other financing sources, see the 7 Step Business Plan for Franchises. As you go through it, ask yourself, "If I were asked to lend $750,000 to this guy, would I?"