Franchise FinancingFinancing Florida, North Carolina Franchise Business - Franchise FundingThis is it! You're ready to begin your franchise dream. Only one thing is left: Acquiring the money you need to make it a reality.You've found the franchise you believe is right for you, performed your due diligence and have decided to move ahead with the purchase. But, like many people, you require financing or don't wish to use your own funds. It is extremely important that you have the necessary capital to not only open your business but to also support yourself throughout your business' first months of operation. Remember, that even though you are probably buying an excellent franchise, it's still a business and at the end of the day every business needs time to develop and reach its potential. Acadia Business Advisors, LLC. can introduce you to its third party lenders who specialize in franchise financing. They will take an application from you and then present you with all viable alternatives. Rates are very competitive and it will be up to you to decide what, if any, alternatives are compatible with your situation. You are required to have a good credit record and attachable assets against which you are willing to borrow. If you have money invested in a retirement vehicle, such as an IRA or 401K, we can refer you to a company that will show you an alternative way to invest your funds tax-free and penalty-free. You may also be able to pay yourself a salary during your new business ramp-up period. It is important that you are properly capitalized when opening a business. In addition to the total investment required by the Franchisor, you should have an additional 20% in cash or a Line of Credit.potential. |
Wed, Sep 8, 2010
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