The Dollar General chain renegotiated its long-term franchise loans after a year of solid sales figures, earning it another three years of repayment without having to struggle with a higher premium.
Restaurants and personal services franchises are seeing an increase in physical presence, profit and output from last year this time.
Last month, I attended the 15th Annual Franchise Times Franchise Finance Conference, sponsored by our friends at Franchise Times Magazine. It was a wonderful experience and my first time as a panelist/speaker at a franchising conference. While I was anxious about speaking to a group of fellow franchisors and bankers/reps from lending institutions, I was amazed at the warm reception.
Pizza is my favorite food. A thin crust folded, with double mozzarella, sprinkled with Parmesan cheese and tangy tomato sauce gets my mouth doing summersaults. But I never tasted pizza until I was eight. Instead, American and Sweet Munchee cheeses were staples in the tiny Bronx tenement apartment where I was born in 1940. What’s more, the only flatbread I … Read More
There’s no way to sugar coat it: It’s gotten harder to get a small business loan, even for highly qualified borrowers. Thankfully, Planet Beach Contempo Spa is making it much easier to find a banker who is ready to say “yes.” http://myplanetbeachfranchise.com/franchise-news/planet-beach-can-help-new-business-owners-find-small-business-loans/
Many entrepreneurs looking to bolster their professional growth this year, and a number of them are doing this by becoming franchisees.
Searching for the best business loan to fund your latest franchise business operation will involve investigating the options presented by a number of different financial institutions.
When you apply for a loan from a financial institution specializing in franchise lending, you’re selling yourself and the way you do business.
For prospective business owners, successfully navigating the franchise loan marketplace is crucial to opening a new location.
If you’re looking to renovate your franchise business and funding is a little tight, it may be necessary to apply for financing in the form of a remodel loan.