In the world of franchising, starting a business is often compared to a shopping trip. From the starting idea to the business opening, every step involves careful consideration, selection and investment. By Gabrielle Holub
In the world of franchising, starting a business is often compared to a shopping trip. From the starting idea to the business opening, every step involves careful consideration, selection and investment.
Window Shopping: Researching Franchise Opportunities
Like a shopper browsing through various stores to find the perfect item, aspiring franchisees engage in extensive research to find the best franchise opportunity that fits their goals. Typically, this involves working with broker networks to look at different franchise models, industries and market trends to determine which option aligns best with their goals and interests.
Trying it On: Shopping Funding Options With FranFund
Just as a shopper tries on clothes to ensure they fit, potential franchisees meet with FranFund’s Funding Consultants to determine which funding option is the best fit moving forward. This includes reviewing the franchisees’ assets, credit history and financial history to create a custom funding solution tailored to them. Like a shopper seeking advice from friends before making a purchase, franchisees can rely on FranFund’s 99.9% approval rate to help secure the right funding option for their business.
Making the Purchase: Securing Franchise Funding
Once a shopper finds the item they are looking for, the next step is to make the purchase. Securing funding for a franchise involves identifying the most appropriate funding options. This could include ROBS (Rollover for Business Startups), Small Business Administration (SBA) loans and more. Each option comes with its own terms and requirements, which is why FranFund helps candidates determine which one aligns best with their financial situation and objectives.
Building the Wardrobe: Working With FranFund
Following a purchase, a shopper often buys more items from the same store in the future. In the same way, franchisees engaging with FranFund’s services can continue working with FranFund after the funding stage through our in-house TPA services. Or if the candidate is considering expansion and/or opening another franchise business at a later point, FranFund can help with that too!
FranFund designs flexible funding plans that fit perfectly, no matter how rapidly your franchise grows. Discover how we can create custom funding solutions for your business dreams today!
Gabrielle Holub
Gabrielle Holub is a seasoned marketing professional currently serving as the Marketing and Communications Manager at FranFund, a leading franchise funding company specializing in personalized funding solutions for candidates. Gabrielle thrives on collaboration and is known for her ability to unite diverse teams and ideas to craft compelling marketing initiatives. For more information visit franfund.com.