In the past two years, the world has changed in ways it never has before. COVID-19 changed many perceptions of what work and life balance should be. Many people have realized that they are tired of being a “hamster on a wheel,” working for a large corporation or a private company. By Chris Fuller
In the past two years, the world has changed in ways it never has before. COVID-19 changed many perceptions of what work and life balance should be. Many people have realized that they are tired of being a “hamster on a wheel,” working for a large corporation or a private company.
Many things have changed for the foreseeable future. This year will likely be a year in which people will look to follow their dreams, passion and desire to be a small-business owner. Franchises are an excellent opportunity for those disheartened individuals to find a business that can satisfy their passion and fulfill the work/life balance they desire.
As more individuals look to become franchise owners, there will be an increased need for capital and alternative funding solutions. Not everyone will be able to qualify for an SBA loan; perhaps they don’t have the collateral, liquidity or cash injection to qualify. There are also many potential franchisees who may not have the retirement accounts to qualify for a ROBS program or are not willing to risk them on a new business venture.
This is where American Business Credit can come in and help not only the potential franchisees, but also the franchise consultants and the franchisors. We can assist the franchisees by helping them realize their business ownership dreams, and help the consultants and franchisors with closing more business.
American Business Credit offers an alternative source of capital to the more traditional ways of financing a franchise. Our program eliminates the need for collateral, liquidity or a cash injection from the borrower. Our program is 100% unsecured; we utilize bank loans, not credit cards, as some alternative “unsecured” lenders use. American Business Credit’s program primarily focuses on the applicant’s overall credit profile, including credit scores, credit limits, length of credit history, and payment history, of course. We also consider current annual income and debt-to-income ratio.
For over 18 years, American Business Credit has been helping small-business owners secure the capital they need to start and grow their business. Contact us today. We are standing by!
Chris Fuller
Chris Fuller has been involved in business finance for over 25 years. Fuller started out in equipment leasing and then founded American Business Credit in 2006. American Business Credit’s core business has been to assist clients in using unsecured funding options to start and grow their small businesses.