You have read the brochures, done your research, and you know that you chance of succeeding increase with a franchise. The next question is where will I get the money to finance the franchise fees, inventory and working capital?
When considering finance options for a franchise opportunity, the first step is to take a personal inventory of your resources first, before deciding on which path to take. There are many financial assistance programs, including traditional and creative funding options, available to those who qualify. Programs include grants, loans, financial aid, and even retirement rollovers that offer a tax- and debt-free option for funding your business.
First, prepare a personal financial statement for yourself and any others joining you in your venture. The SBA version is available at http://www.sba.gov/sbaforms/sba413.pdf.
To find out how much financing you can qualify, use our Funding Calculator:
For a complete listing of lenders and programs, please contact today.
Using Retirement Funds For Your Franchise
By rolling your IRA, 401(k), 403(b), Keogh or other retirement funds into Guidant’s 401(k) franchise financing vehicle, you can:
Buy a franchise, lower overhead and increase your success rate
Instead of sending interest payments to a lender, you can use your money to purchase advertising, buy equipment, lease a company van, or use it in any way that will bring you quicker profits.
Reduce personal liability
Use our own funds to avoid pledging your home or other assets as loan collateral and potentially jeopardizing your personal credit.
Maximize tax-deferred benefits
By investing your retirement funds into your own franchise, you can reinvest your profits tax-deferred in your business or in your retirement account. Build your business while you grow your retirement nest egg!
You can mix your retirement funds with personal funds or capital from other investors. It’s the ideal financing structure for husband-and-wife teams!
Invest in yourself
Unlike taking risks in the volatile stock market, financing your business with retirement funds is an investment in yourself – one that you can control and count on! Discover your retirement account’s true investing power (and the ability to finance your franchise with money you already have)!