Finance Options
How can I finance my business? With a minimum of $20,000 of investable cash, many grants, financial assistance programs, loan brokers, retirement rollovers (offering tax-free opportunities to buy your business), and traditional and creative funding options exist.
- Do you need financing for the purchase of your business?
- Do you want to learn how much you will qualify to borrow?
- Do you have money in an IRA, 401(k), or another retirement account?
- Would you like to access the money in your retirement account to invest in your own business without taking a taxable distribution?
Resources for Identifying the Appropriate Financial Strategy
Plan B and C, Inc. is dedicated to supporting aspiring franchisees in their journey to secure financing for their franchises. They understand that finding the appropriate financial strategy can be a daunting task, and that’s why they offer valuable resources to help guide you through the process.
Consultation Services:
- Plan B and C, Inc. provides one-on-one consultation services with franchise financing experts. These professionals have in-depth knowledge and experience in the franchise industry and can help you navigate the various financing options available. They will assess your specific financial situation, discuss your goals and aspirations, and provide personalized advice on the most suitable financing strategies for your franchise.
Financial Needs Assessment:
- Plan B and C, Inc. offers a comprehensive financial needs assessment tool. This resource allows you to input your financial information, including your personal savings, assets, and credit score. It also takes into account the estimated costs associated with the franchise you are interested in. Based on this data, the tool provides an analysis of your financing needs and suggests potential funding sources that align with your financial profile.
Plan B and C, inc. Funding Calculator by Tenet Financial Group
Financing Comparison Guide:
- To help you make an informed decision, Plan B and C, Inc. has developed a financing comparison guide. This guide outlines the pros and cons of different financing options, such as self-financing, bank loans, SBA loans, and franchise-specific financing programs. It highlights key factors to consider, including interest rates, repayment terms, eligibility requirements, and potential risks. This resource empowers you to compare and contrast the various options and choose the most suitable one for your franchise.
Access to Lender Networks:
- Plan B and C, Inc. has established relationships with reputable lenders specializing in franchise financing. Through their extensive network, they can connect you with lenders who understand the unique aspects of franchise businesses and are more likely to provide favorable financing terms. This access to a wide range of lenders increases your chances of finding the right financing solution for your franchise.
By leveraging the resources and expertise provided by Plan B and C, Inc., you can gain valuable insights and support in identifying the appropriate financial strategy for your franchise. Whether you are exploring self-financing options, traditional bank loans, SBA loans, or franchise-specific financing, their resources will help you make informed decisions and increase your chances of securing the necessary funding.
Please note that the availability of these resources may vary, and it’s recommended to visit Plan B and C, Inc.’s website or contact them directly for the most up-to-date information and assistance.
Remember, securing financing for a franchise requires careful evaluation and consideration of various factors. Plan B and C, Inc. is here to guide you through the process and help you make well-informed financial decisions that align with your franchise goals.