In this episode of Demystifying Franchise Ownership, I cover the expansive topic of SBA financing. Here are the topics I tackle in this episode.
✅ General overview and facts about SBA financing.
✅ The factors lenders consider when reviewing loan applications.
✅ The SBA loan programs, and which ones are most applicable to prospective franchisees.
✅ A detailed description of the SBA loan programs most applicable to franchisees including eligibility requirements, how each program works, and the benefits and drawbacks.
✅ The typical loan applications documents required to apply for an SBA loan.
Embarking on the journey of becoming a franchisee is an exciting endeavor, but it's crucial to set yourself up for success by making informed decisions. If you’re considering franchise ownership or have already identified a franchise system in which you want to invest, you should consider SBA financing because it not only provides access to much-needed capital but also offers longer maturity terms and favorable interest rates as compared to other financing options.
Whether you're starting from scratch or have some knowledge about SBA financing, this episode is a must listen for you.
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