Customized Industry Specific Business Loans, Financing, & Lines of Credit up to $5 Million
Franchise Industry Business Loan
Opening a franchise offers many benefits to the franchisor and franchisee. It provides flexibility and independence of small business owners with the infrastructure and support of a large corporation. Although franchises are a great option, they do come with franchise fees that may seem to be too much when you are starting.Request Funding
Answer a few questions to inform us you’re seeking funding for your business.
Speak with Represenative
We will review your submitted information and determine which financial products best match your needs.
Select a funding offer and receive your funds in as little as 24hrs.
If you don’t have the capital to cover these out-of-pocket costs, take a moment to understand our franchise finance options available to you. This type of financing will be able to cover expenses and growth opportunities that come with the franchise.
The SBA and alternative lenders offer outstanding term loans which are convenient and effective whether you are starting a franchise. Franchises are susceptible to cash flow issues since there are so many necessary expenses throughout the year to stay in business. Franchisors require fee guidelines which you must follow, and sometimes these fees could break the bank. Royalty and Advertising fees are taken from sales, and employee training usually needs to be paid. Make sure you are covered with capital, apply today!
The challenge is even more significant for franchise owners looking to open new locations. They must pay a “franchise fee” amounting to tens of thousands of dollars, and the deductions as mentioned above begin as soon as the new location opens its doors. Combine these expenses with inevitabilities like new equipment or furniture, and you can see why business loans are popular for franchises. Multiple substantial costs can quickly pile up at the same time, making it extremely difficult to raise profits or save money.
Complete Projects Faster
Grow Your Business Faster
Unlike independently-owned competitors, franchisee’s are not able to choose when to schedule expenses or what suppliers to work with. The business model is mainly passed on from the franchisor but its up to the franchise to make the profit and grow their business.
Sutton Funding is dedicated to providing small business loans for franchises. Getting sufficient working capital is crucial when you are opening a franchise location, with fees and startup costs it can be all too overwhelming. Opening your franchise gives you the entrepreneur experience with an edge. Apply today for a franchise business loan and get the upper hand with your competitors.
- Funding in as little as 24 hours
- No Spending Restrictions
- Lower Upfront Cost