Funding

The best way to start figuring out which choice is right for your business is to figure out what’s available. Did you know that traditional bank loans are not your only option?

Even with significant student loan debt, a person will still be able to buy a house and build equity. Home ownership is one of the easiest ways to build wealth in the United States. A physician loan makes it possible for a broke medical resident to get started.

You may be tempted to pour your own money into your franchised location. Or you may want to use your own credit cards or take out a second mortgage on your house. You shouldn’t have to do any of these to finance a franchise.

Unlike a mortgage or a traditional bank loan, a construction loan is paid out in stages as the new home construction progresses. Often, these draws will happen when major milestones are completed. For example, when the foundation is laid or the start of the framing of the house.

In general, SBA loan eligibility is based on what a business does to receive its income, the character of its ownership, and where the business operates. Even those with bad credit may qualify for startup funding.

Even though inventory loans have the security of the inventory being financed, they are not always easy to get. In fact, recession periods can make it even harder to get inventory financing. There are, however, alternatives.