As it pertains to visualizing your entrepreneurial path in life, we want you to know that when it comes to funding options, FranNet works with qualified lenders. The world of finance for franchising and small businesses can be quite complex, but in this week’s blog edition, we’re going to do our best to keep things simple. That way, you’ll be ready to have a meaningful conversation with a FranNet representative about financing your future franchise or small business.
There are several funding options for a franchise. While you may be more than aware of conventional financing through lending institutions, did you also know that you can use your own 401k account in a rollover option? The big advantage here is that because you aren’t actually borrowing against the value of your retirement account, you won’t pay taxes or penalties. You’re simply investing in your new franchise business instead of another plan’s stocks or bonds. Ask your representative about your option to finance through a 401k rollover.
When it comes to utilizing financial lenders, FranNet has three qualified partners, all of whom specialize in the type of Rollover for Start Up Business (ROBS) Programs:
Benetrends
With over 30 years of helping entrepreneurs become small business owners, Benetrends is a valuable resource for franchise funding. In conjunction with Benetrends, FranNet gets to the essentials of your personal financial outlook and recommends a path with minimal risk to help get your business off the ground. Ask about their proprietary Rainmaker Plan.
FranFund
Billing themselves as a hospitality concierge in the franchise finance world, FranFund specializes in finding custom financing options for franchisees. FranFund searches the entire financial marketplace to put in place a custom solution with the least amount of risk.
Guidant Financial
Guidant Financial is a small business finance specialist. Over $3 billion has previously been financed for over 9,000 franchisees, all of whom started in your shoes at one time. Now, with over a decade of experience, Guidant Financial is standing by to assist new franchisees with the most viable small business loan packages.
As with any financial issues, you’ll best serve yourself and your entrepreneurial future by arming yourself with as much information as possible. It’s important to get opinions and facts from multiple sources—all of whom are qualified outlets. FranNet prides itself on the partnerships we’ve forged with Benetrends, FranFund and Guidant Financial. Allow us to help you work with them to finance your version of the American Dream.
Do you feel that you’re ready to get started? If this article has inspired you to investigate a franchise opportunity, perhaps it’s time for a free consultation with a qualified and experienced franchise consultant. As it turns out, FranNet of NJ & NY is just the place! As a franchise consultant company with a great track record of assisting individuals on their path to business ownership, make arrangements to speak with one of our representatives today.