If you're new to the entrepreneurship world, taking up a franchise business is one of the safest routes. It is a smart way to secure your future wealth, without the risk of starting a brand-new company. The rules for franchise businesses are often more regimented than those for non-franchise ones, but this option can also be very profitable and stable once established.
Lenders know that franchise businesses have greater potential for success because there are proven models in place. While lenders typically do not indiscriminately approve loans, there is a good chance of getting a well-presented business franchise loan approved, as compared to securing financing for a start-up business that's brand new.
Benetrends simplifies the process by monitoring what concepts lenders are seeking. We can help you apply early on with the bank that prefers your concept and forgo the ones that don’t. Different lenders have unique credit boxes and appetites for particular concepts, so knowing which lender favors your “flavor” is vital to ensuring you don't waste your time on the wrong banks and get denied repeatedly.
It's important to consult and review the choices and opportunities carefully with one of our financial experts before pursuing a business franchise loan. We work with all the major and smaller franchise brands so you can start the franchise of your dreams, and our loan approval success rate is 97%!
When to use franchise loans:
- Interested in using an already proven business model
- Need a quick start-up time
- Desire a less risky business venture
Trisha C.
John L.
