How to Evaluate Franchise Opportunities - Part 7

Описание: In this series we explore how to evaluate franchise opportunities. In this video, Jeff Goldstein of the Goldstein Law Group in Washinghton, DC discusses financing.

It is important to know how you will finance your franchise. Whether it is going to be a small business loan or not, you need to review your options way before you pursue any particular franchise. There are certain franchises that are on the SBA list that the SBA will not finance based on the prior problems that they have had with the franchisor, or the failure rate.

You should visit with a bank, regional, or SBA lender and see what the parameters are for borrowing money for your franchise. The interest rate could be prohibitive, the amount of money could have a cap on it, the amount of money that you need to personally invest into the business could be limiting. These are all issues that you should investigate beforehand.

You should also look at your own savings. If you have to go 6 months without any income, could the business survive? You should also review how much money you will need annually in order to exist as yourself.

To learn more about financing your franchise and important financing areas to look into, please review this video. If you would like to see if Goldstein Law Group is right for your franchise, visit our website: https://www.goldlawgroup.com/franchis....

Lawyers for Franchisees
Jeffrey M. Goldstein
The Goldstein Law Group
https://www.goldlawgroup.com/?utm_sou...
[email protected]
202-293-3947