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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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Get Your Business Funded: Creative Methods for Getting the Money You Need

Get Your Business Funded: Creative Methods for Getting the Money You Need

Get Your Business Funded: Creative Methods for Getting the Money You Need

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Explore the many options available to get the money you need for your business Whether your business is a new start-up, an established company attempting to grow, or somewhere in between, Get Your Business Funded gives you the full range of options for raising capital in today’s challenging economy. Covering everything from bank loans to angel investors to equity financing to more unorthodox methods, this complete guide uses clear, easy-to-understand language to explain each approach. Divided

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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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Unsecured Loans for Teacher – You Deserve What You Need

The financial system in this age has shown concern for all types of individuals residing in UK. This includes advances specially formulated for professors teaching in schools and universities. One such loan offered is unsecured loans for teacher. This gives you what you deserve and what you need.

These finances consist of principles similar to other unsecured loans. As a result, the borrower does not need to worry about the need to pledge collateral. Thus, the amount that is available for usage extends from £1,000to £25,000. This amount matures after a term of 1 to 10 years.

This advance assures cash to the borrower without a security. Therefore, the valuation process of property to confirm rates of the asset with respect to market costs is overlooked. In other words, limited time is consumed to approve such an appeal. Therefore, the applicant can access these funds within a stipulated duration.

But, the borrower should realize that he is obliged to make payments of the deal according to the terms stated in the agreement. If there is a default in making payment, the borrower will be liable to pay a high sum of penalty. Therefore, the borrower should be cautious while availing these advances.

There are certain terms to which the borrower should act in response to access these funds. They are as follows:

•  He should be a UK resident with a permanent proof of address.
•  He must be more than the age of 18 years with a fixed place of employment and regular source of income.
•  It is also essential for him to maintain a bank account that is updated from time to time.

If the borrower satisfies these conditions, he can qualify to avail this advance. At the same time, a better option to obtain this form of credit is through the internet. This mode offers facilities that are easily accessible and prove to be very convenient for the applicant.

Rosine Belmont is financial adviser for Chance 4 Loans. click on the links to know more about unsecured loans for teacher, unsecured loans bad credit, doorstep loans and instant decision unsecured loans.

Unsecured Loans-Solution for Your Need

Are you in need funds? Impossible to get funds easily? Unsecured loans are a solution to your problem. And after trying for all the possible things still you are unable to get your funds from anywhere. Or just hesitating to apply for a advance because of your past financial history or your financial status.

Now your problem can be solved if you opt for unsecured loans. These advances are provided to you without taking any collateral security from you against any advance. These loans are also provided to you without any verification for your creditworthiness of repayment of the fund amount. These fiscal advances can help you in satisfying many of your needs such as purchasing of the house or purchasing of the car or meeting your weeding expenses.

These advances as the name suggests are that type of amount offered to you without any security against the funds, so this is the important feature of these type of advance where many of the people can take advantage of this feature. In this type of advance the borrower can even extend the repayment period if he is unable to pay the amount on time. The borrower does not even have the risk of loosing his property which he is kept as a security.

These fiscal funds are of long terms. The amount offered to you in this advance ranges between £1000-£25000. The borrower can repay the amount in a time period of 1-10 years. The borrower must be a UK citizen in order to get this advance and must be above 18 years of age. A person should be a salaried person with his fixed monthly income.

The person can apply for this fiscal advance through internet just by filling the online application form. In a few time span of 24 hours gets transferred in your account after the verification of your form.

Tom Dikkinis an expert financial analyst and has been offering his valuable advice for quite sometime now.For more information related to unsecured loans, bad credit loans and unsecured bad credit loans please visit http://www.verybadcreditloans.co.uk/

Business Start up Loans: Need of every business

It is important to make strong financial base before commencing a new business. You will need money in business after every single step for numerous reasons like to buy furniture, equipments, land, machinery, office, and other basic requirements. Business start up loans is good option for an aspiring business. Lenders do not feel uncomfortable or any problem while lending the money to entrepreneurs but you has to be ready with good business plan and blueprint. As per the convenience of businessmen, lenders offer the money in secured and unsecured options. You can opt for secured loans if you got the collateral to pledge against the cash. This cash contains lot of benefits for entrepreneurs like huge amount, low interest rate, cheap APR, long terms, and minimum monthly payments. Presence of collateral makes all things possible for people and you get 5-30 years to repay the amount.

 

 

On the other hand, unsecured business loans are offers by lenders without any involvement of collateral or security deposit. So there is no fear of loosing the property or home. It is risk free money for borrowers. Generally, people choose this option when they have no collateral to place or they need small amount for short span of time. The interest rate is higher than the secured loans and repayment period also is kept shorter. Bad credit entrepreneurs do not face much trouble while applying for business start up loans. However, you need to prove the repayment capacity in front of lenders. To prove the repayment capability, it is important to make a good business plan and make lender understand about your future plans.

 

 

In spite of bad credit, if you are looking for cheap money option then take the help of internet. There are number of business start up loans available online. Here, you get the opportunity to compare various options for interest rate and terms-conditions. Make the application online to the online lender and you can find suitable deal as per requirement of business. These online lenders do not charge any fee for loan processing or providing quotations.

Borton Stevens is an expert author and has more then 7 years of experience in writing finance related topics. To know more about business start up loans Visit:   http://www.firstinloans.co.uk/business_loans.html

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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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Debt Consolidation Loans: Why You Don’t Need Them and How To Avoid Them

Debt Consolidation Loans: Why You Don’t Need Them and How To Avoid Them

Debt Consolidation Loans: Why You Don't Need Them and How To Avoid Them

Credit Score is an important book covering all of the information you need to rid yourself of worrying debt, either business or personal, in only an hour and a half’s read. There are no long and boring legal sections just short, sharp impact information that will begin to lead you away from the misery of debt from the first few pages.

Credit Score is aimed at individuals and small traders in particular and is solely geared to remove the worry from a personal debt burden. There ar

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Politicians Need Not Apply

Imagine that you are responsible for hiring the most important person in the world. This individual will have the world’s largest budget and supervise a workforce that serves over 300 million customers. This position is responsible for all the relationships your organization has with every other organization in the world. This individual will also have at their command tremendous powers of destruction that could end life on Planet Earth in minutes.

I am assuming that you would not stop until you found the best possible person for this incredibly important position. To start with you are going to need some screening criteria.

This person has to be an excellent manager – this is an astronomical amount of resources to oversee and we need a master manager to keep everything in order. Next this person needs to be a visionary capable of envisioning the future and seeing what needs to be done to make sure we are heading where we wish to go.

Since this position is responsible for so many critical relationships we need a seasoned and effective diplomat. After all diplomatic solutions are almost always cheaper and healthier than using power or force.

We also need someone who is very intelligent and knowledgeable. This job requires an unusually good understanding of the world’s cultures and an ability to critically evaluate technical and scientific concepts in order to make complex decisions.

Maturity is another key consideration. This person must be able to put their feelings and ego aside and focus on their objectives and the needs of their customers. They also need to be thoughtful and patient so they can make wise decisions and avoid letting their reactions get in the way.

Finally, we need someone with enlightened leadership skills. This means someone who has a strong sense of direction and knows how to get others on board without coercion. It also means that this person is very careful about who they hire. Our winning candidate needs to have the very best staff available because this job is so big that many responsibilities will be delegated. We need our candidate to put skills and experience in front of personal loyalties and political considerations when selecting their management team.

This criteria pretty much covers the skills and experience our candidate needs. What about character? This is where things get a bit dicey.

Evaluating a person’s morals is impossible unless you know that person extremely well. The other limitation with morals is that we do not seem to be able to agree on what morals are most important. The same goes for values. Then there is the other problem; what a person says are their values and morals may not be matched by their actual behavior. Perhaps a person’s statements about their morals and values are not reliable criteria to evaluate character…

What about ethics? Ethics can be evaluated by looking at an individual’s track record. Principles like fairness, trustworthiness, and consistency are often reflected in a person’s previous job performance.

Ethical people are far more concerned with what actually happens Vs what kind of a story can they tell about it. When an individual hides behind marketing terms, sound bites and photo opportunities one might be wise to question their ethics. A truly ethical person does not need these window dressings and is much more concerned with getting the job done than they are about looking like they are getting the job done. When it really comes down to it ethics beats values and morality hands down as criteria for evaluating a candidate’s character.

Now imagine something else. Imagine that for some reason the only criteria we have for evaluating our candidates is popularity. In this case we are no longer in hiring mode, but instead are conducting a popularity contest. What do you think the chances are that the best person for the job would get it?

Unfortunately, this is not just your imagination. The Presidential and Congressional races are looking more and more like popularity contests every year. It is no wonder that most Americans are not satisfied with the performance of our elected officials.

To change this we need to change our perspective and how we evaluate candidates. First, it helps to remember that our elected officials are public servants that we pay with our tax dollars. This means they work for us. When we keep this in mind we can use the exercise above to evaluate our candidates on the basis of their suitability for office and refuse to participate in a popularity contest.

When we decide that we are unwilling to vote for the candidate in our party who seems to have the best chance of being elected, and instead vote for the candidate best suited for the job regardless of party affiliation; then we will have a much better chance of ending up with the best person for the job.

Randy Bisenz is the founder of http://www.BrightFuture.us a non-partisan article hub and online community focused on solutions to worldwide problems.

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Residential Hard Money Lenders Can Close Quickly and Get You The Real Estate Capital You Need

Residential hard money lenders offer solutions to the problems that created the marketing for real estate investors. The banks were forced to the number of credits that may reduce them, and they take longer than ever before. It is not uncommon to wait several weeks, only to find that your application was rejected. Ie In the world of rehabbing and investing other types of real estate, weeks of waiting for lost profits.

– Pre approval

Because hard money residential lenders wereless affected by the economy than conventional banks, they can make more loans and close deals faster. You can usually offer pre-approval in a matter of days, not weeks. Rather than waste your time looking for financing, you can spend your time, that the best deal.

To maximize your profits and minimize involve the time to connect, recommend, most residential hard money lender that you complete first a pre-approval application. In general, you willrequired to provide a credit report, an overview of your assets, including proof of income and proof of your identity. It’s not a good idea to leave this information over the Internet, for obvious reasons, but that is a pre-approval so you should not be too big of a hurry. This is given an opportunity to verify that you can use the money for a property in a short period to buy.

– Pre approval

In a way, lenders are all equal. The prices and fees charged by residential hard money lendervary, as in conventional banks, so it’s a good idea to go shopping. There is usually an application or processing fee. There should be a reasonable fee, that is, not in a thousand-dollar range.

The minimum and maximum loan amount may vary. If you need a large amount of capital, ask for funding providers that seek to accommodate your needs. The best sources you do not limit the number of objects in which to invest, as long as you meet the otherscriteria.

The criteria residential hard money lenders use to decide your creditworthiness varies in the same way that bank requirements vary. Some want to see higher credit scores than others, some want years worth of income statements, etc. There is a rule of thumb to insure that you are dealing with a reputable company. If they guarantee approval, without first reviewing your application, they are probably going to take your application fee and run. If they seem to have little or no Concern about the ability to repay the loan, something is wrong.

Also hard money residential lenders would prefer to avoid foreclose on a property used as collateral. The foreclosure process is expensive and time consuming. Plus, he puts them in the position of dealers who need to complete the repairs before they can recover their investments. Here are some of many banks have run into problems lately.

Residential Hard Money Lenders Can Close Quickly and Get You The Real Estate Capital You Need

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