Step-by-Step Guide to Funding Your Franchise Startup with SBA Loans
Looking to fund your franchise startup? This comprehensive guide walks you through every step of securing SBA loans to kickstart your business. From understanding financing options to learning how much equity and liquidity you need, we cover it all! Discover the documents to prepare, learn about SBA loan eligibility, and explore additional financing avenues like ROBS rollovers and conventional loans. Plus, hear inspiring success stories of entrepreneurs who leveraged SBA funding to transform their business dreams into reality.
Questions:
1. For those starting from scratch, what are the first steps to securing SBA financing for a franchise startup?
2. How much can SBA loans typically cover for franchise startups, and are there specific industries that get approved more easily?
3. What documents and financials should aspiring franchise owners prepare to maximize their chances of getting an SBA loan?
4. What are some unique financing options available for franchise startups beyond traditional SBA loans?
5. Could you share a story of how SBA funding transformed someone’s business journey, especially in the early days?
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📌 Timestamps:
00:00 – Introduction and first steps to secure SBA financing for a franchise
00:40 – Equity requirements and liquidity for franchise funding
01:07 – Outside income requirements and credit utilization guidelines
02:06 – Importance of credit score and bank-specific SBA loan requirements
02:30 – Choosing the right bank for franchise financing
02:58 – Eligibility of franchises for SBA loans and typical coverage percentages
04:00 – Required documents and financials for SBA loan approval
05:43 – Alternative financing options: ROBS rollovers, home equity, and more
07:45 – Business Ownership Summit: How to create legacy and learn business strategies
08:09 – Real success story: How SBA funding helped a young couple start a franchise
11:41 – Why franchises are ideal for new entrepreneurs
12:14 – Benefits and discounts for military veterans in franchise ownership
12:45 – Leveraging tax benefits and financing tools as a franchise owner
13:43 – Explore franchise resale listings for unique business opportunities
14:00 – Wrap-up and subscription invitation for more financing insights
💥 Thanks for watching 💥
#SBAloan #FranchiseFunding #SmallBusinessTips #Entrepreneurship #BusinessFinancing #SBAapproved #FranchiseStartup #ROBSrollover #VetsInFranchising #BusinessOwnership
About Beau: Beau Eckstein is a franchise consultant, commercial mortgage advisor, and business ownership coach who helps entrepreneurs buy, build, and expand their businesses. He assists aspiring entrepreneurs in finding their ideal franchise or business opportunity. Beau's expertise as an investor and business owner allows him to guide clients through the entire process of acquiring, funding, and growing their ventures.
🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance all your projects.
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