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Financing A Franchise Business? What You Need To Know To Obtain Finance For A Franchise

Can too much expert knowledge in financing a franchise business ever be a bad thing? We certainly don’t think so and we’ll show you how to obtain finance for a franchise business that you have chosen to purchase.

When talking to clients about franchise finance in Canada we generally talk about the Boy Scout motto. You will recall that their motto is ‘ BE PREPARED ‘ and that’s the total strategy around financing a franchise successful that you must adopt.

Getting the money to purchase your franchise of often the biggest worry of new entrepreneurs such as yourself. People search out franchising opportunities because they are essentially looking for a combination of opportunity and wealth – there is usually only one major obstacle to that road to success, it’s the funding for the acquisition of the franchise business.

If we had to summarize in a very simple and basic what you need to be successful in franchise financing we would boil it down to a few key issues. Want to know what they are? From our perspective it all comes down to a reasonable history of business or management experience , a decent personal financial profile – more about that one later, and access to the ‘ inside secret ‘ of franchise financing in Canada, which, you may be surprise to know, is the government of Canada !

Let’s circle back on those points – and as always it comes down and back to our Boy Scout motto – be prepared. We can see our client’s eyes rolling back now when we tell them we need a crisp business plan . That’s a key requirement of your ability to obtain finance for a franchise, simply because it’s the ‘ proof’, if you will, of your ability to understand and run your business properly. In that document you have info about yourself, the business you are purchasing, the industry you are in, and the financial performance you expect to achieve in your new role as business owner and entrepreneur.

From a lenders perspective financing a franchise business is all about one thing – getting paid back for the loan. So the lender will look at how you have structured the financial portion of your business plan to reflect ability to repay your franchise loan, as well as how much cash flow and working capital is left to pay yourself a salary and run your new business. Could anything make more sense than a properly crafted and positioned business plan – we don’t think so.

Your money – you have it, you want to keep it – don’t we all. However, whether it’s a franchise business or any business for that matter OPM never works – OPM is ‘ other people’s money’ and you can’t rely on 100% of outside financing to obtain finance for a franchise in Canada. So be prepared to invest anywhere from 25-50% of the purchase price into your acquisition. Coupled with that and this is critical, you must be able to demonstrate that you have run your personal and business affairs respectably from a credit perspective. Obtaining a copy of your credit report, in advance, by you, is strongly recommended.

And, oh yes, what about that Government Issue we mentioned. That’s one of the great secrets and tips we promised to reveal. Did you know that probably 90% or more of financing a franchise business in Canada revolves around a special loan program called the CSBF/BIL loan? It’s a federal program, and administered by financial institutions. Whats so great about it – limited personal guarantees, great rates, terms and structures.

Speak to an expert in franchise financing when you are looking to obtain finance for a franchise – seek out someone who is trusted, credible and experienced. Be prepared, and get ready to be successful.

Stan Prokop is founder 7 Park Avenue Financial ; Originating financing for Canadian companies,specializing: working capital, cash flow, and asset based financing , the 6 year old firm has completed in excess of 45 Million $ of financing for companies . For info / free consultation on Canadian business financing / contact details see:
http://www.7parkavenuefinancial.com/financing_franchise_business_finance_for_franchise.html

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All You Need To Know About SBA Loans… from a Lender…

All You Need To Know About SBA Loans… from a Lender…

All You Need To Know About SBA Loans... from a Lender...

So you are starting your own business or looking for money to expand? Most banks will “push you” towards the SBA Department because of the risks involved in starting a business. Most likely you have to use projections to estimate your future cash flow. This guide will help you gather enough information to succeed in obtaining an SBA loan.

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How to Sell a Small Business – Know What You Are Worth

What if you discovered how easy it is to sell your business if you have these components in place?

Here are 3 simple steps to get you started…

Step 1 – What is the income of your small business?

Step 2 – Do you have traffic and products that sell like crazy?

Step 3 – Now your business will sell by itself.

Here are step by step details that you can apply quickly and easily…

Step 1 – What is the income of your small business?

Do you know how the value of your small business will be calculated when you are planning to sell it?

Here’s how it will get done. You will receive twice or even thrice of the annual net profits that your small business is earning. If suppose you are earning $ 10,000 net profits annually you can expect to receive up to $ 30,000 when you sell your business.

Here’s how to go about increasing the value of your business…

Step 2 – Do you have traffic and products that sell like crazy?

Traffic is the key to success of any business whether it is online or offline. Therefore you have to focus in building organic traffic that comes to your website every single day if you want more value out of your site. Also make sure to have quality products in your sales funnel to increase the market value of your small business.

Step 3 – Now your business will sell by itself.

Once you have the above components in place your business will literally sell itself because big named companies are hunting for profitable businesses that they can purchase which has ready made traffic and product base. Make sure you read this article and get started today as this will take your online profits to new heights. There has never been a better time to get started than it is today.

Do you want to learn more about how I do it? I have just completed my brand new guide to article writing success, “Your Article Writing and Promotion Guide”

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How to Buy a Home Using a VA Loan: What Every Home Buyer Should Know

How to Buy a Home Using a VA Loan: What Every Home Buyer Should Know

How to Buy a Home Using a VA Loan: What Every Home Buyer Should Know

  • How to Buy a Home Using a Va Loan What Every Home Buyer Should Know

How do I apply for a VA guaranteed loan? How do I get a Certificate of Eligibility? Can my lender get my Certificate of Eligibility for me? What is acceptable proof of military service? How can I obtain proof of military service?

“HOW TO BUY A HOME USING A VA LOAN: What Every Homebuyer Should Know,” brings together comprehensive information about buying a home with a VA Loan and unlike other books on VA Loans.

 Inside this book, you’ll discover…
Valuable Information About

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What Any Business Should Know About Working Capital Loans

Put bluntly, without sufficient levels of working capital, a business will struggle to survive and ultimately, will wither and die. Working capital reserves will help ensure that the business has sufficient cash reserves to hand that can be used for the settlement of immediate and imminent financial obligations that are outstanding, thereby ensuring that the business does not face bankruptcy proceedings by a creditor.

For some types of business, such as grocers and convenience stores, they are in the fortunate position of requiring very small amounts of working capital by virtue of the fact that they will receive instant revenue whenever they sell an item, and the expected turnaround time for the sale of their inventory is fairly minimal. However, other types of business (a whisky distillery is a prime example) will have to wait for prolonged periods of time before their inventory reaches a sufficient level of maturity that will mean that it can be competently sold to customers.

In the hiatus between the preparation of their stock and the actual sale, the company will inevitably incur various items of expenditure such as wages and salaries for its personnel, the cost of rent and tax, along with insurance premiums and security. At the risk of grossly oversimplifying a complex and advanced business topic, the more working capital that a company has to its name, the less likely that the company will encounter financial troubles.

How would a business owner determine whether they require working capital loans? The equation of computing the need for working capital loans is very straightforward and is as follows:

Current assets-current liabilities=working capital.

Now that we have clearly identified the vital role that working capital plays in the health and economic durability and viability of a company, what then are some of the benefits and drawbacks commonly associated with working capital loans? Again, these are as follows.

Benefits

The business is kept more solvent, thereby insulating the company against the risk of bankruptcy or insolvency proceedings.
By having sufficiently high levels of working capital to hand, the business will be in a much stronger position to negotiate with banks and other commercial lenders in order to secure additional financial support.
Working capital plays an integral role to the achievement and upkeep thereof, the goodwill (reputation and credibility) of the corporate personality in question.
These types of loans are specialized loans designed to be provided to companies in the shortest period of time possible, thereby preventing precious time being wasted.
Temporary and unexpected loss of income (such as where a high value customer suddenly stops trading for whatever reason) will not drag the company down.

Drawbacks

The company must ensure that they strictly adhere to the repayment schedule mandated by the lender, otherwise, they run the very real risk of suffering an adverse credit rating that will have long term ramifications as they are alienated from conventional financial support.
These types of loans are primarily used and intended for short term items of expenditure only, thereby reducing their usefulness.

RW has been performing SEO and website consulting online since 1997, and specializes in assisting companies in achieving top rankings online. Visit RW’s corporate page at www.FreedmanLane.com. For more information regarding our Working Capital Loans please visit www.AccountsReceivableLoans.com.

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All You Want to Know About Military Personal Loans

Military loans are for persons who are either retired or serving in the army. These loans are given at lower interest rates compared to the loans given to civilians. Military personal loans can be used to tackle any financial problem such as medical expenses, home renovation or car breakdown expenses. Military personnel serving outside the country are also eligible for these loans. In such cases, the funds are electronically transferred to the borrower’s bank account and repayments can be directly withdrawn through electronic transfer.

What Are The Requirements

Personal loans for military personnel are easily available as there are many financial institutions that specialize in such loans. The requirements are quite simple – military personnel need to provide their military identity card, bank details such as bank name with the account statements and a few other personal details such as number of dependents in a family and their salary. Military people with bad credit need not worry too; there are military loans for bad credit also.

How To Apply

The application process for military loans is very simple. The companies offering such loans provide online access to the application form. For initiating the loan procedure, you just need to fill up this online form with your personal details. The rest of the procedure is handled by the company officials.

Advantages Of Personal Loans For Military Personnel

Military personal loans are available to serving as well as retired army staff.
These loans are provided at lower interest rates.
As with other types of personal loans, military loans can be used for anything – buying a home or a car, medical expenses, vacation or any such personal need.
These loans are usually provided without any additional fee or penalty.

Military personal loans are easily accessible and provided at a low interest rate. However, to find the best deal, it is very important to shop around. Do your research well and find the company that offers you the best deal in terms of interest rate as well as repayment terms. 

Visit CORE now to get free advice and information on personal military loans.

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American Mortgage: Everything U Need to Know About Financing a Home: Everything U Need to Know About Purchasing and Refinancing a Home

American Mortgage: Everything U Need to Know About Financing a Home: Everything U Need to Know About Purchasing and Refinancing a Home

American Mortgage: Everything U Need to Know About Financing a Home: Everything U Need to Know About Purchasing and Refinancing a Home

Addresses the latest and most compelling developments in the real estate market -including the new reality of mortgage availabilities, foreclosure investments, and tenants’ rights More than 250,000 landlords, tenants, and employers annually rely upon AmerUSA Corporation, one of the nation’s leading background screening companies AmerUSA offers services to tens of millions of inexperienced “everyday landlords” in the United States

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How To Pre-Qualify Yourself For A Mortgage In 5 Easy Steps: Know What You Need to Prove to Get a Loan (Before You Talk to a Lender)

How To Pre-Qualify Yourself For A Mortgage In 5 Easy Steps: Know What You Need to Prove to Get a Loan (Before You Talk to a Lender)

How To Pre-Qualify Yourself For A Mortgage In 5 Easy Steps: Know What You Need to Prove to Get a Loan (Before You Talk to a Lender)

How To Pre-Qualify Yourself For A Mortgage In 5 Easy Steps will give you the knowledge and tools to take control of the loan application process by going into it extremely prepared–by pre-qualifying YOURSELF before you ever meet with a lender.

By doing the simple Action Steps outlined, you will know exactly what you need to prove to get a home loan by performing a basic review of your own data as a lender might. You will also have the knowledge to put together the basic documenta

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The Art Of Wealth: Credit Card Makeover: Myths, Hacks, And Action Plans You Should Know To Smartly Manage & Consolidate Your Credit Card Debts (Master Your Money And Control Your Life Book 1)

The Art Of Wealth: Credit Card Makeover: Myths, Hacks, And Action Plans You Should Know To Smartly Manage & Consolidate Your Credit Card Debts (Master Your Money And Control Your Life Book 1)

The Art Of Wealth: Credit Card Makeover: Myths, Hacks, And Action Plans You Should Know To Smartly Manage & Consolidate Your Credit Card Debts (Master Your Money And Control Your Life Book 1)

“When I was young I thought that money was the most important thing in life; now that I am old I know that it is.”

Oscar Wilde

Do you know one of the most childish things most people with financial difficulties do?

Blaming everything else around them, but themselves.

People with financial problems blame the government, Wall Street, the economy, and most notably, their credit cards.

People whose personal finance is in the “red”

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What Every Engineer Should Know About Starting a High Tech Business Venture

What Every Engineer Should Know About Starting a High Tech Business Venture


Written for the engineering and technical entrepreneur desiring to launch his or her own high-tech venture, this step-by-step guide offers advice on everything, starting with the initial decision to leave your employer. It contains tips on how to gain access to technologies and talent, how to anticipate problems and eliminate future hurdles, and how to guard intellectual property from the start. Discussions on the best ways to compensate employees, as well as coverage of general issues that new tech businesses face, including hiring, firing, contracts, leases, loans, and product warranties, make this a complete handbook for those who understand that a future in high-tech is the future in which to believe.

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