Financing Your Franchise

Many emotions arise when deciding if you want to buy a franchise business. You can feel excitement, fear, curiosity, and so much more. The one major question that comes up is how you will finance your franchise. Owning your own business can be a daunting financial commitment at first.

As the home service industry's leading supporter of franchise ownership, we want to make your transition into a franchise business as seamless as possible. Below, we've provided possible paths you can take to finance your business through secure and industry-established routes.

Financing Options to Help You Take the
Next Step

Seeking Loans from Conventional Lenders

One of the most common ways to finance your franchise venture is to obtain a loan from a commercial lender. Banks usually offer loans for franchise businesses because they are more reliable than startup companies. In order to receive a loan from the bank, you will need to have good credit and show them a loan package that includes a personal financial statement, copies of personal tax returns from the last three years, and a verified source of money for the down payment.

Banks often are more likely to lend money for franchise businesses with a recognized brand name and a report of stable cash flow.

At Neighborly, formerly Dwyer Group, our franchises are nationally known, with multiple running locations.

Connect with a Franchise Advisor Today.

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Obtain a U.S. SBA Loan

For those who cannot get a conventional lender to approve their loan, you can seek a U.S. small business administration (SBA) loan. These loans are partially guaranteed by the government, thus making them less risky. A franchise loan is usually titled 7(a). Approximately 10% of all SBA loans go to franchise owners.

Franchise owners usually receive around $250,000-$500,000 for their business, though small business owners can receive up to $2 million dollars. Qualifying for SBA loans requires good credit and "reasonable" equity investment. For more information about this type of loan, visit the site.

Call Neighborly to discover franchise opportunities available to you!

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