There are many advantages to owning a franchise. You have the luxury of owning your own business without being in business by yourself. Rather, you have instant brand recognition, an identified customer base and a team of professionals to work with. The benefits of franchises don’t come without a price however. Potential franchise owners typically need significant capital upfront to pay for franchise fees, real estate acquisitions, remodeling expenses and/or equipment. Velocity Funding Solutions can help you realize your dream of owning a franchise business with our financing program designed exclusively for franchisees.
Obtaining financing for franchising can be stressful—especially for first time owners. Velocity Funding Solutionscan guide you through the process with ease and experience. We have the ability to customize all of our loan products and offer a competitive franchise financing program that includes:
What’s more, our pre-qualification process is quick and easy. We know that time is as valuable as money when launching your new business and will never give you the run around or waste your time.
We avail you with all the options to start or expand your franchise. Our experts can help you efficiently and effectively qualify for an SBA loan that meets your needs. An SBA application is often a very involved process requiring significant documentation. Our SBA lenders have achieved (PLP) Preferred Lender Program status for their experience and success ratio with SBA. Given the complexities associated with an SBA loan, it is important that you align your interests with professionals who are deeply vested in the program in order to optimize your opportunities for success. It is not unusual for our PLP partners to secure an SBA loan for a client after an application has been rejected by other less qualified SBA lenders. Fortunately you can avoid those delays and setbacks by speaking with one of our experts who can help you understand and expedite the process.
Among other options we can help you evaluate if it makes sense to convert a portion of your 401k into a safe investment in yourself and your new business without incurring penalties. Many franchise owners find that leveraging their own funds in this fashion is a better option than obtaining financing. At times combining this option with other financing vehicles is an excellent way to ensure that your new venture or expansion plans are well funded.
The options are many. Velocity Funding Solutions works hand in hand with you to help you evaluate and secure the best financing options for you and your business.
Make your dream a reality and finance your franchise with Velocity Funding Solutions. Contact us today to get started.