FranFund

31 05, 2020

SBA Loans and Business Ownership

2020-05-31T23:24:31-04:00May 31st, 2020|Tags: , , , , |

When considering franchise ownership, few activities will have as much of a long-term impact on your business as obtaining adequate financing. Cash is king in a new business, and it is advisable to over-capitalize to account for unforeseen issues, rather than find yourself struggling after being open a short time. By Sherri Seiber

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31 03, 2020

8 Ways to Keep Your Credit Healthy and Get a Bigger Loan

2020-03-31T17:09:33-04:00March 31st, 2020|Tags: , , , , |

You probably know what a credit score is, but do you know how to protect it? By understanding what affects your score, you can make better decisions that ultimately increase the loan amount for which you qualify. Take a look at our list of credit do’s and don’ts. By Sherri Seiber

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12 02, 2020

FranFund CEO Geoff Seiber Receives Advocacy Award from the International Franchise Association (IFA)

2020-02-12T09:54:17-05:00February 12th, 2020|Tags: , , , , |

Recognition for Dedication to Protect, Promote, and Enhance the Franchise Industry.

FORT WORTH, Texas Geoff Seiber, CEO of FranFund, Inc. was honored as the recipient of the International Franchise Association’s “FAN of the Year Award” for his dedication and contributions to protect, promote, and enhance the franchise industry. Seiber was presented the award on Feb. 9 at the IFA’s 60th annual convention in Orlando, FL.

Seiber is recognized for championing franchise and small business issues locally and nationally through his work with the Franchise Action Network. An initiative of the IFA, the Franchise Action Network seeks to mobilize the franchise industry at the grassroots level to present a united front against anti-franchising forces as well as educate policymakers about the franchise business model and its positive impact on communities across the country. FAN ensures the personal and unique stories of local small business owners are heard in Congress, federal agencies, and state and local legislatures when decision-makers are taking actions that impact the bottom lines of small business and franchises.

Through his continued commitment and contributions to FranPAC, Seiber has worked to create relationships with key members of Congress and ensure they understand franchising and promote a legislative and regulatory climate favorable to franchising.

Despite an uncertain economy, franchise industry growth is anticipated to continue. The number of franchise businesses in the U.S. is expected to grow to 785,316 this year, adding 232,000 jobs, and growing total employees to 8.67 million. The overall GDP contribution by the franchise industry is expected to grow by 4.6% to $494.96 billion. (Source: Franchise Business Economic Outlook 2020, prepared by FRANdata)

“I am honored to receive this award for work I believe is essential to the vitality of the franchise industry,” Seiber said. “We all have to work together to make sure our franchise community is protected from harmful legislation so we can continue to make business ownership a reality for all entrepreneurs.”

About FranFund, Inc.
A member of the International Franchise Association Supplier Forum, FranFund, Inc. designs smart all-in-one funding plans that grow with franchise businesses. Founded by a veteran in the franchise industry with first-hand experience as a franchise owner, franchise developer, and new franchise creator, FranFund specializes in funding solutions for franchisees. By utilizing a franchise-specific pre-qualification tool and cultivating an extensive network of lenders who are franchise and small business friendly, clients pre-approved by FranFund have a loan approval rate of 99%. FranFund takes a consultative approach, providing clients a personalized experience that helps them gain the confidence to move forward with a funding solution that makes the most sense for them. For more information, visit www.franfund.com

17 01, 2020

FranFund’s Shay Mora Receives Coleman’s 2019 Emerging SBA Lender of the Year Award

2020-01-17T12:34:19-05:00January 17th, 2020|Tags: , , , , |

Shay Mora, VP of Lending Operations for FranFund Receives Award.

FORT WORTH, Texas — FranFund is proud to announce that Shay Mora is a recipient of Coleman Report’s 2019 Emerging SBA Lender of the Year (Under 40) award. As VP of Lending Operations at FranFund, Mora’s expertise in business lending has been instrumental in the continuous growth of the company. She has helped establish FranFund as a key player in the franchise and small business funding industry, demonstrated by the recent recognition as the #1 funding provider in Entrepreneur Magazine’s 2019 “Best in Service” ranking of franchise industry suppliers.

“I am honored to receive this distinguished award, especially for doing something so fulfilling – helping people realize their dreams of business ownership,” said Mora.

Mora has helped thousands of clients all across the United States start or grow their businesses. “We celebrated opening day last week for our store, and we now have a business that serves five communities and provides jobs for local residents,” said Tracey Carothers, Big Frog Franchisee. “This would not have been possible without the help of Shay and her team at FranFund, who helped us get the funding we needed.”

Mora will be honored later this spring at a dinner hosted by Coleman Report recognizing top lending partners.

About Coleman Report
Coleman is the leading provider of information to small business bankers to help them make less risky small business loans. It is the largest producer of training courses and webinars for small business bankers. Coleman provides data about small business loan performance to lenders. Its premium content trade newsletter, The Coleman Report, began in 1993 and provides critical analytical information for today’s small business lending professional.

About FranFund, Inc.

A member of the International Franchise Association Supplier Forum, FranFund, Inc. designs smart all-in-one funding plans that grow with franchise businesses. Founded by a veteran in the franchise industry with first-hand experience as a franchise owner, franchise developer, and new franchise creator, FranFund specializes in funding solutions for franchisees. By utilizing a franchise-specific pre-qualification tool and cultivating an extensive network of lenders who are franchise and small business friendly, clients pre-approved by FranFund have a loan approval rate of 99%. FranFund takes a consultative approach, providing clients a personalized experience that helps them gain the confidence to move forward with a funding solution that makes the most sense for them. For more information, visit www.franfund.com

1 01, 2020

Finance: Can I Use My 401(k) to Start a Business?

2020-01-02T10:31:34-05:00January 1st, 2020|Tags: , , , , , |

Finance graphic

If you’ve asked yourself this question, you are not alone, and depending on your circumstances,
it could be an option worth strong consideration. Using your retirement funds could be a great way to help you start your business debt-free. By Sherri Seiber

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13 11, 2019

FranFund’s Geoff Seiber Honored with Companion Medal for American Free Enterprise Day Ceremony, November 14th

2019-11-13T11:48:44-05:00November 13th, 2019|Tags: , , , , |

Recognition for Funding Solutions that are Stimulating the Business Community

FORT WORTH, Texas — The American Free Enterprise Day Companion medal is an annual tradition at Palm Beach Atlantic University. The University has hosted American Free Enterprise Day since 1984. The celebration honors individuals whose hard work and achievements exemplify the best of the American free enterprise system.

On Thursday, November 14th, Geoff Seiber, Founder and CEO of FranFund, along with three other notable business leaders, Robert W. “Chip” Lafferty, Beth Neuhoff, and Carlos Vidueira, will be honored with companion medals.

Seiber’s leadership within the business community has been quite impactful. His efforts to streamline funding solutions and expand access to capital in the franchise industry have helped the dreams of countless franchisees and small business owners come true.

FranFund was recently recognized as the #1 funding provider in Entrepreneur Magazine’s 2019 “Best in Service” ranking of franchise industry suppliers. This recognition was voted on by hundreds of franchisors who know the importance of working with the right funding partner. Seiber knows first-hand the challenges behind starting and operating a franchise and together with the FranFund team, he created a funding experience that business owners are consistently satisfied with.

“Obtaining funding for any business can be very difficult. Knowing that we help overcome financial obstacles as people take steps toward owning their first or fifth business is rewarding,” said Geoff Seiber.

Seiber serves on the Titus Center for Franchising Advisory Board, the IFA Supplier Board, and the IFA VetFran committee. He is a regular speaker at franchise industry events around the nation. He takes pride in his Fort Worth community, where he serves on the Chamber of Commerce Advisory Board and as vice chairman of the Frog Club Board for Texas Christian University. He also supports the Armed Forces Bowl annually through ESPN.

The medal ceremony is at 10:30 a.m. in the Rubin Arena of the Green Complex for Sports and Recreation, 1100 S. Dixie Highway. It is free and open to the public. For more information, call (561) 803-2025.

About FranFund, Inc.
A member of the International Franchise Association Supplier Forum, FranFund, Inc. designs smart all-in-one funding plans that grow with franchise businesses. Founded by a veteran in the franchise industry with first-hand experience as a franchise owner, franchise developer, and new franchise creator, FranFund specializes in funding solutions for franchisees. By utilizing a franchise-specific pre-qualification tool and cultivating an extensive network of lenders who are franchise and small business friendly, clients pre-approved by FranFund have a loan approval rate of 99%. FranFund takes a consultative approach, providing clients a personalized experience that helps them gain the confidence to move forward with a funding solution that makes the most sense for them. For more information, visit www.franfund.com