Expert financial advice, content, and strategies for your franchise business
Whenever you need new equipment for your business, the best option could be getting a small business equipment loan, depending on the type of equipment you’re looking for.
If your goal as a franchise business owner is significant expansion - and data would indicate it is, with over 50 percent of U.S. franchise units owned by multi-unit operators - you need to ensure you use your financing options strategically and properly prepare for the demands of running multiple franchise units.
Understand the differences between refinancing and recapitalization, as well as how each strategy can help your franchise business.
As your business grows, it is likely you will utilize different types of lending options to help with the expansion. If you are more established, you may want to revisit your current loans and see if a refinance might make sense.
Are you a franchisee looking to add another franchise location to your ownership collection? Or perhaps you’re looking to become a first-time franchisee and are investigating purchasing opportunities. Either way, you are likely going to need a loan to accomplish your goal.