Finding Business Financing

Save Time & Gain a Better Understanding

We can help you save time and money searching for business financing. With years of providing assistance to franchisees, we can inform you concerning the many financing options that currently exist. We can also introduce you to financing sources.

After you apply for our franchise, we will ask you for a personal financial statement. This information is critical to assisting you. With your information we can guide concerning the suitability of our franchise opportunity as well as to advise you on funding sources.

The economy has “toughened” lending practices. A great deal of emphasis is placed on business experience and personal assets. We can help you sort this out! Some of the most popular funding methods are listed below. Often franchisees will use a combination of the funding methods below to capitalize their business.

• Many new franchisees self-fund all or a portion of their new franchise business. They draw on personal, family or other funds.
• There are programs that organize your new franchise business as an asset of your 401K or IRA. Your capital comes from your retirement funds and you pay the debt back to yourself as your franchise business is an asset in your retirement account.
• You can borrow against stocks or bonds that you own. A portion of their current value can be accessed and arranged with a bank to provide funds.
• The tangible assets of your new business can be leased. Equipment, fixtures, exterior signs and other items can be put on a capital lease. The lease supplies the cash to start up the business based on the tangible asset value or your store. Leasing can be used to fund a significant portion of your new business cost. Leases are typically paid back over five years using cash generated by your new business.
• The Small Business Administration (SBA) guarantees loans made by local banks. Rates in the past have been among the most favorable available. However, today it is very difficult to secure SBA’s for start-ups. Lenders are looking for strong business experience and/or an ongoing record of business success.
• • SBA loans are easier to get if you are a veteran. The Patriot Express Loan has been used by our franchisees. However, the loan amounts are capped so the funding frequently needs to be supplemented with other sources.
• Home equity loans are increasingly popular because of the low interest rates. Of course, there must be accumulated home equity to barrow against.

We have experience with these financing methods. We also have skilled experts to help you with funding information. When you get close to choosing an iSold It franchise and provide us with a personal financial statement, we will help you consider different methods and sources. To get started apply now.

Next: 5 Easy Steps to Get Started

The information provided on this web site should not be construed as an offer of a franchise. Offers of franchises may only be made by delivery of a Franchise Disclosure Document (prospectus) and in certain states the disclosure document must first have been registered with a state agency that regulates the offers and sales of franchises.