The search for the ideal business loan to finance your franchise business’ operations can be a difficult endeavor.
Given the uncertainty of the economic climate, many entrepreneurs are turning to franchises instead of opening new businesses.
Global restaurant brand Denny’s is offering hard-hit franchisees some financial assistance through a new funding program, which may benefit those having trouble finding capital in the franchise loan marketplace.
The Small Business Association approved a record-setting $19.6 billion in 7(a) loans over the course of the 2011 fiscal year, Entrepreneur magazine reports.
The franchise loan marketplace is looking up for entrepreneurs and potential franchisees.
Chris Runyan, an entrepreneur based out of Connecticut, was hoping to open a local Game X Change store, which is a consumer electronics retail franchise headquartered in Arkansas.
It can be challenging to get funding given the current franchise loan marketplace. However, that isn’t stopping entrepreneurs from getting creative in order to acquire the funding they need.
After a successful career in the US Army, Craig Rector became a Quiznos franchisee to realize the American dream. He loved the Quiznos product and knew he could sell it proudly. But first he needed financing. Craig turned to BoeFly at Quiznos recommendation. Craig used BoeFly to completed one financing request which BoeFly matched with the right lenders out of … Read More