Archive for the 'Franchise Funding' Category

Buy A Franchise – HOUSE Approves SBA Loan Limit Increase

September 24th, 2010

(Buy A Franchise, Seattle Franchise, Bellevue Franchise)

 

HOUSE APPROVES International Franchise Associations SUPPORTED SBA LOAN LIMIT INCREASE

 International Franchise Association Members Join House Leaders for News Conference after Bill’s Passage.

 The International Franchise Association today applauded the U.S. House of Representatives for passing the Small Business Jobs and Credit Act, which includes provisions that will help increase credit access for Franchise businesses.  This is helpful to not only the Bellevue Franchises and Seattle Franchises, but Franchises located all across the country. 

“The passage of the Small Business Jobs and Credit Act by the House is a great win for Franchise businesses that have lobbied intensely for these changes for nearly two years,” said IFA President and CEO Stephen J. Caldeira.  “We commend the House for their action today, and strongly urge the President to quickly sign the bill into law so that Franchise owners can access additional capital to start new businesses and create jobs in communities across the country.”

The bill, passed by the Senate last week, increases the Small Business Administration’s (SBA) loan limit from $2 million to $5 million and extends the 90 percent loan guarantee rate through the end of 2010, which will help to encourage banks to participate in the SBA program. IFA analysis shows that with the loan limit increase, 450,000 to 600,000 new jobs could be created by Franchise businesses.   

Two International Franchise Association Franchisee members joined House Speaker Nancy Pelosi and other members  of the House during a press event after passage of the bill.  Mariana Huberman and Ram Javia represented the franchise industry as the House celebrated the passage of the bill. Huberman owns The UPS Store located in Washington, D.C. and has struggled to access the financing necessary to open a second store.  Javia, who was recently named an International Franchise Association Franchisee of the Year, owns three Dunkin’ Donuts restaurants in the Baltimore, Md. area and sits on the Brand Advisory Council for Dunkin’ Brands.

Caldeira credited the International Franchise Association’s aggressive lobbying activities by its small business members for helping to ensure that the loan limit increase and extension of the 90 percent guarantee and borrower fee reductions were included in the bill.  Through congressional testimony at multiple hearings over the past 18 months, intensive media outreach and paid advertising, along with interaction with White House, Treasury, SBA and Federal Reserve officials, the International Franchise Association has worked relentlessly to explain that if more capital was available, franchise businesses could create hundreds of thousands of new jobs.  IFA studies show that for every $1 billion in lending, franchise businesses can create over 40,000 jobs and $4.2 billion in economic output. 

Caldeira said the passage of the bill coincides with the latest advertisement in International Franchise Association’s public awareness campaign now running in Washington, D.C. area publications. The new ad features Pat Luers of Centerville, Ohio, who opened his first BrightStar Franchise last year and created 40 new jobs in his community.  Luers would like to open more locations of the BrightStar Franchise, however he is having trouble accessing additional credit to make that happen.  The advertisement explains that with access to credit and sound regulatory policies, franchise businesses like Luers’ can be an important part of the country’s economic recovery.

 (Buy A Franchise, Seattle Franchise, Bellevue Franchise)

Popularity: 3% [?]

Buy A Franchise – Franchise Financing

September 17th, 2010

500 Franchise Leaders Gathered in Washington This Week to Urge Passage

After nearly two years of intensive lobbying by members of the International Franchise Association, franchise businesses are closer to improved credit availability with the passage of a provision by the Senate that increases the Small Business Administration’s loan limits from $2 million to $5 million, IFA said today.

“We applaud the Senate for passing this top priority for franchise businesses,” said IFA President and CEO Stephen J. Caldeira.  “We urge the House to quickly address the same provision so franchise small businesses can expand into new markets and help the U.S. create 450,000 to 600,000 new jobs within the next 12 to 18 months.”

Caldeira said this was the message that over 500 franchise business leaders delivered to Congress this week during the 11th Annual IFA Public Affairs Conference. Credit access has been a top priority for franchise businesses and IFA has worked relentlessly to educate Congress that increased credit access means more jobs for the country. The attendees explained to their members of Congress that franchise businesses provide for over 21 million jobs and create $2.3 trillion in economic output.  For every $1 billion in lending, franchise businesses can create over 40,000 jobs and $4.2 billion in economic output.   

The Small Business Jobs Act passed by the Senate includes the SBA loan limit increase, as well as an extension of the 90 percent loan guarantee rate through the end of 2010, which will help to encourage banks to participate in the SBA program. 

“Nearly 50 percent of our members cite access to capital as the most pressing issue they currently face,” Caldeira said.  “These provisions will provide existing small businesses and aspiring entrepreneurs access to the capital they desperately need.”   

For example, as featured in a  new ad  appearing in Washington area publications, Pat Luers of Centerville, Ohio, who opened his first BrightStar franchise last year and created 40 new jobs in his community, would like to open more locations. However, he is having trouble accessing additional credit to make that happen. The ad states that with access to credit and sound regulatory policies, franchise businesses like Luers’ can create new jobs and help to get America back on the path to economic recovery.   

“The credit provisions and tax credits in the Senate bill are important first steps in helping franchise businesses create jobs,” Caldeira said.  “However, we urge policymakers to also address the uncertainty among business leaders and consumers about potential legislative and regulatory policies that could hamper progress.  By sending a signal that policymakers are willing to fix onerous provisions in the health care reform bill and extend pro-growth tax relief for all taxpayers, they can create a business environment where banks and businesses are more confident moving forward.”

Popularity: 4% [?]

Buy A Franchise – Financial Services

September 16th, 2010

(Buy A Franchise, Seattle Franchise, Bellevue Franchise)

Choosing a financial services company is an important decision that can affect the success of your Franchise business. To succeed, you need a company that can give you the flexibility to meet your short and long-term financial and strategic objectives.

I have several available solutions, that enable you to encourage business growth, preserve cash flow, leverage important tax benefits and are customized for you – the business owner. Specialized equity programs,  can provide you with extremely fast and friendly turnaround on all of your transactions, coupled with highly competitive rates and truly personal service.

Contact me with your available questions.

(Buy A Franchise, Seattle Franchise, Bellevue Franchise)

Popularity: 2% [?]

Buy A Franchise – Liquid Capital

August 10th, 2010

If you are looking for a high income Franchise, providing an excellent service in the community, than Ligquid Capital may be the Franchise you have been looking for (Buy a Franchise, Bellevue Franchise, Seattle Franchise).

Liquid Capital owners are knowledgeable and experienced business professionals that aid local entrepreneurs faced with cash flow issues, cost effectively helping them turn accounts receivables into immediate funding. The franchisee’s main goal is building relationships in the business community through networking and referrals.


Background Financial Terms Training and Support
  • Year Established: 1999
  • First Franchised: 1999
  • Franchised Units: 65
  • Company Owned Units: 2
  • Projected New Units (12 months): 35 States
  • Registered In: Registered in all states (Currently accepting broker referrals from all states)
  • Cash Investment: $50k
  • Total Investment: $200k
  • Minimum Net Worth: $300k
  • Franchise Fee: $50k
  • Royalty: 8%
  • Ad: $500 per month
  • Average # of Employees: 0
  • Passive Ownership Allowed: No
  • Financial Assistance Provided: We will lend our franchisees up to 6 times their committed capital.
  • Site Selection Assistance: Home based
  • Lease Negotiation Assistance: Home based
  • Co-operative advertising: Available
  • Training: Liquid Capital ensures franchisees benefit from in depth training – 5 day intensive initial training program. In addition, we provide ongoing support by our team of factoring professionals.

Franchise Reviews (The Inside Scoop):

Date # Comments
03-13-2010 09 This is a great concept for cash strapped businesses. Banks and financial institutions need the services of Liquid Capital to complement what they do as often they can’t lend or would lend if the business had better cash flow. Liquid Capital provides that cash flow by turning Accounts Receivable into cash so the business can survive and grow.
10-02-2008 05 This concept ccan be a confusing to wrap your mind around.  Excellent Franchise for CFO’s, accountants, etc.  This is an excellent Franchise to consider during the recession.

Popularity: 6% [?]

Seattle, Bellevue, Nationwide Franchise Funding

July 27th, 2010

One of the common concerns, and a serious element to the acquisition, funding, or business operations of a new Franchise, is ther area of funding.  Last week I was able to establish a relationship with a new company that has some very interesting financial options available.  Some of my newer Bellevue Franchise and Seattle Franchise clients are already working with this company.  One of their premier programs has terms and advantages as follows:

  1. No collateral funding – No collateral required
  2. 700+ credit score (600-700 scores will have assistance in credit repair)
  3. Get preapproved prior to buying business or franchise
  4. Fees 6.99-8.49% of the amount funded
  5. New or existing business
  6. Funded in rounds of lines of credit.
  7. Under 100k loans are 3% higher, so most loans are 100-150k.
  8. Upfront fees can be funded out of funding itself.
  9. Do not waste time.  48 hour approval.  Funding in 30 days.

For more information on funding for your Franchise or Business Operations please contact me at 206-200-3325, or info@buyafranchiseunlimited.com

Popularity: 3% [?]