How to Choose a Franchise and Finance Your Franchise Acquisition
The decision to acquire a franchise is a major life choice that is like any other investment: it comes with risk as well as potential rewards. You will want to choose your franchise carefully and make sure you can finance your franchise acquisition. Do Your Homework What is the market demand for the franchisor’s products or services in your community? Does the product or service generate [...]
Business Term Loans
Business term loans are lump sums of capital that you pay back with regular repayments at a fixed interest rate. The “term” comes from its set repayment length. Bankers tend to classify term loans into two categories: intermediate- and long-term loans. Intermediate-term loans usually run less than three years, and are generally repaid in monthly installments from a business's cash flow. Long-term loans can run for [...]
Business Financials in Building Business Credit
What is the impact of your business financials in building business credit? Well, they aren't everything you need to do, but business financials are the meat in your business credit sandwich. What Are Business Financials in Building Business Credit? Federal Business Tax Returns in Your Business Financials in Building Business Credit The form of business you operate determines what taxes you must pay and how you [...]
Perfect Credit Formula
Your credit score can determine where you live, where you work, your insurance premiums, loans, credit cards, mortgages and bank accounts. This three digit number literally can change your life depending on how high or low it is. With so much on the line, why settle for anything else than the perfect credit formula? Did You Know the Impact of the Perfect Credit Formula? Some employers [...]
Personal Term Loans
Personal term loans are a great resource to help pay down credit card debt, address unexpected emergencies and even start or acquire a business. Personal term loans often have lower interest rates than credit cards and interest rates can’t change over time like credit card rates. That means your monthly payments will be the same each month until the loan is paid off, unless you decide [...]
Small Business Administration (SBA) Guaranteed Loans
Congratulations! You have identified the franchise or business you want to acquire or launch and are ready to get started with Small Business Administration Guaranteed Loans. What are Small Business Administration Guaranteed Loans? Small Business Administration Guaranteed Loans are loans backed by the Small Business Administration, providing guarantees to SBA-approved lenders for up to 85% of approved loan amounts. The SBA doesn’t directly lend to small [...]