The Canada Emergency Business Account (CEBA) is a government program that was created on March 27, 2020 in response to the economic challenges businesses faced during the COVID-19 pandemic. It...
If you’re thinking about buying a franchise, then you’ll need to decide how to finance your purchase. Getting a business loan from the bank might seem like the most traditional financing method, but...
Are you considering franchise ownership but wondering how you’re going to obtain financing? Fortunately, it’s in the Canadian government’s best interest to support business growth in the country,...
Oftentimes, a franchise business needs to secure a loan to purchase the equipment necessary for its ongoing success. However, traditional lenders typically require individuals to demonstrate their...
When aspiring business owners take the step to buy a franchise, they become investors. The basic definition of an investor is: “any person or other entity…who commits capital with the expectation...
Are you interested in buying a franchise but not sure if you have enough money to invest? It’s a fair question since the biggest hurdle to franchise ownership is typically finances. Don’t be...
If you're worried that your credit score might be a barrier to owning a franchise, this article is for you. A credit score is a number between 300-850 that determines your creditworthiness, which...
“Net worth is a quantitative concept that measures the value of an entity and…provides a snapshot of an entity's current financial position” (Investopedia). Are you interested in owning your own...
A lot of entrepreneurial candidates are easily sold on the idea of using franchising as a vehicle to business ownership. But just as many are curious about the cost. If a prospective client asks me,...
The Problem with Franchise Financing In my experience, it is extremely discouraging for first-time franchisees to learn the hard way that the lending sources who helped them buy their house or car...