Franchise Financing Options
August 25, 2009 | By Eddy Goldberg | Read Full Story
After years of easy money for financing a franchise (or anything else for that matter), capital available for starting and growing a business shrank considerably as the U.S. and global economies began to feel the first stirrings of the subprime lending meltdown and ensuing economic recession.
While tight credit continues to slow the growth of small businesses, lending experts insist that money is out there for those with good credit, enough cash, and the patience to ride out a lengthy approval process. Just as you need a solid business plan, you also need a sound financing strategy. That strategy should include a list of several different sources of capital.
A list below summarizes many of the financing sources franchisees can explore, but first a few general guidelines to keep in mind before approaching any lender.
Start with a thorough inventory of your financial situation, listing all your assets and debts; how much you'll be able to fund and how much you'll need to borrow...
Top News Stories
Found: Papa John's Long-Lost Camaro! Kentucky Man Receives $250,000 Finder's Fee
August 25, 2009 | Read Full Story | Franchise Information
| "Papa" John Schnatter conquered roller coasters and the sweltering Texas heat, took the mound at professional ballparks, attempted a record for the world's highest pizza delivery, taught children how to toss pizza dough, chatted in football broadcast... |  |
Papa John's Hires Andrew Varga As Chief Marketing Officer
August 25, 2009 | Read Full Story | Franchise Information
| Papa John's International, Inc. (NASDAQ: PZZA) today announced the hiring of Andrew Varga as Senior Vice President and Chief Marketing Officer. Varga, a marketing veteran who joins Papa John's after 21 years with Brown-Forman Corporation... | |
Glass Doctor(R) Ready To "Fix Your Panes"
August 25, 2009 | Read Full Story | Franchise Information
| The Glass Doctor(R) of Moore & Montgomery Counties franchise owned by Tim and Kim Hargrave is now open and ready to "fix your panes! |  |
Hardee's Introduces The Ultimate Breakfast Comfort Food
August 24, 2009 | Read Full Story | Franchise Information
| Nothing conjures up the memories of youth and the comforts of home quite like a classic bologna sandwich. In the southeastern United States, a unique method of preparing bologna has long been a staple on diner menus from West Virginia to Arkansas. |  |
Baskin-Robbins Opens Panama City For Franchise Sales; Plans More Than 20 New Stores In The Region
August 24, 2009 | Read Full Story | Franchise Information
| Baskin-Robbins, America's favorite ice cream shop, is rapidly expanding its national footprint with today's announcement that Panama City and the surrounding region are now open for franchise sales. More than 20 new stores are projected throughout the are |  |
Denny's Expands Better For You Kids Menu Options
August 24, 2009 | Read Full Story | Franchise Information
| To promote healthy eating and active lifestyles at an early age, Denny's (NASDAQ: DENN), America's home for real, classic breakfasts, has expanded its kid's menu to include delicious, nutritious meals and side items. The move is part of... |  |
Liberty Tax Service Teaches Tax Preparation During Fall Tax Schools
August 19, 2009 | Read Full Story | Franchise Information
| Because no previous tax preparation experience is required, Liberty Tax Service's fall tax school opportunity offers an equal playing field for mature and younger job seekers eager to improve their tax knowledge and work in the tax industry. |  |
HouseMaster Home Inspections Expands To Southern Colorado
August 21, 2009 | Read Full Story | Franchise Information
| HouseMaster, the first and one of the largest home inspection franchisors in North America, is pleased to announce the opening of a new franchise in Colorado Springs, Colorado to be owned and operated by, Dan Parillo. Parillo's new franchise expands... |  |
ServiceMaster Reports Second Quarter 2009 Results
August 19, 2009 | Read Full Story | Franchise Information
| The ServiceMaster Company recently reported its second quarter 2009 financial results through the filing of its Form 10-Q and Form 8-K. Additionally, the Company has scheduled a conference call to discuss its second quarter 2009 financial and operating... |  |
Carl's Jr. And Hardee's Warn Consumers Not To Fall For The McHype
August 18, 2009 | Read Full Story | Franchise Information
| Carl's Jr.(R) and Hardee's(R), the pioneering chains that first brought sit-down restaurant quality burgers to fast-food consumers, have a message for America: Don't believe the McHype. The McDonald's Corporation (NYSE:MCD) recently launched Angus... |  |
Financial Announcements
ServiceMaster Reports Second Quarter 2009 Results
August 19, 2009 | Read Full Story | Franchise Information
| The ServiceMaster Company recently reported its second quarter 2009 financial results through the filing of its Form 10-Q and Form 8-K. Additionally, the Company has scheduled a conference call to discuss its second quarter 2009 financial and operating... | |
Gap Inc. Reports Second Quarter Earnings Per Share Of $0.33 Up From $0.32 Last Year
Gap Inc. (NYSE:GPS) today reported that net earnings for the second quarter, which ended August 1, 2009, were $228 million, or $0.33 per share on a diluted basis, compared with $229 million, or $0.32 per share on a diluted basis, for the second quarter...
August 21, 2009 | Read Full Story
Jamba, Inc. Reports Financial Results For The Fiscal Second Quarter Of 2009
Jamba, Inc. (NASDAQ:JMBA) today reported financial results for the fiscal second quarter ended July 14, 2009.
August 21, 2009 | Read Full Story
RadioShack Increases Share Repurchase Program By $200 Million
RadioShack Corporation today announced that its Board of Directors has approved the repurchase of an additional $200 million of RadioShack's common stock under its existing share repurchase program. With the addition of the $200 million approval...
August 21, 2009 | Read Full Story
Jackson Hewitt To Report Fiscal 2010 First Quarter Results On September 3, 2009
Jackson Hewitt Tax Service Inc. ("Jackson Hewitt") (NYSE: JTX) announced today that it will report its fiscal 2010 first quarter results prior to the opening of trading on the New York Stock Exchange on Thursday, September 3, 2009. Harry W. Buckley...
August 19, 2009 | Read Full Story
Personnel Changes
Papa John's Hires Andrew Varga As Chief Marketing Officer
August 25, 2009 | Read Full Story | Franchise Information
| Papa John's International, Inc. (NASDAQ: PZZA) today announced the hiring of Andrew Varga as Senior Vice President and Chief Marketing Officer. Varga, a marketing veteran who joins Papa John's after 21 years with Brown-Forman Corporation... | |
Pro Energy Consultants Appoints Jeff Pizzino Director Of Corporate Communications
How does a company reach more consumers with a message about home energy audits being the easiest way for home owners to not only go green, but also reduce energy costs? Simple--by tapping into the expertise of a veteran public relations practitioner.
August 21, 2009 | Read Full Story
Mike Marach Named Director Of Business Development Training For Pro Energy Consultants
Mike Marach, a seasoned sales trainer who has trained with some of the most recognized names in the country, has recently joined Pro Energy Consultants as director of business development training. Beginning this month, he'll begin training franchise...
August 21, 2009 | Read Full Story
Additional Announcements
Found: Papa John's Long-Lost Camaro! Kentucky Man Receives $250,000 Finder's Fee
August 25, 2009 | Read Full Story | Franchise Information
| "Papa" John Schnatter conquered roller coasters and the sweltering Texas heat, took the mound at professional ballparks, attempted a record for the world's highest pizza delivery, taught children how to toss pizza dough, chatted in football broadcast... | |
Wyndham Hotel Group Appoints Global Sales Executive
Wyndham Hotel Group, the world's largest hotel company with more than 7,000 hotels and 11 brands, has promoted long-time Wyndham® brand employee Carla Dunn to vice president of Global Sales for transient and specialty markets, including corporate...
August 25, 2009 | Read Full Story
Glass Doctor(R) Ready To "Fix Your Panes"
August 25, 2009 | Read Full Story | Franchise Information
| The Glass Doctor(R) of Moore & Montgomery Counties franchise owned by Tim and Kim Hargrave is now open and ready to "fix your panes! | |
Hardee's Introduces The Ultimate Breakfast Comfort Food
August 24, 2009 | Read Full Story | Franchise Information
| Nothing conjures up the memories of youth and the comforts of home quite like a classic bologna sandwich. In the southeastern United States, a unique method of preparing bologna has long been a staple on diner menus from West Virginia to Arkansas. | |
Westin Hotels Puts Heaven On Sale 25% Off Entire Westin Retail Line Including Iconic Heavenly Bed(R)
Westin Hotels & Resorts is making it easier than ever for consumers to bring home a lil' piece of Heaven this summer. As part of its five-month celebration of the 10th anniversary of the iconic Heavenly Bed®, today Westin will kick-off an...
August 25, 2009 | Read Full Story
Nurse Next Door Launches First Saskatchewan Franchise
With Saskatchewan seniors currently accounting for more than 15% of the provincial population, the needs of this group are becoming increasingly important. With the demographics demanding it, Vancouver-based Nurse Next Door Home Healthcare Services...
August 24, 2009 | Read Full Story
Baskin-Robbins Opens Panama City For Franchise Sales; Plans More Than 20 New Stores In The Region
August 24, 2009 | Read Full Story | Franchise Information
| Baskin-Robbins, America's favorite ice cream shop, is rapidly expanding its national footprint with today's announcement that Panama City and the surrounding region are now open for franchise sales. More than 20 new stores are projected throughout the are | |
Denny's Expands Better For You Kids Menu Options
August 24, 2009 | Read Full Story | Franchise Information
| To promote healthy eating and active lifestyles at an early age, Denny's (NASDAQ: DENN), America's home for real, classic breakfasts, has expanded its kid's menu to include delicious, nutritious meals and side items. The move is part of... | |
Nurse Next Door Launches First Saskatchewan Franchise
With Saskatchewan seniors currently accounting for more than 15% of the provincial population, the needs of this group are becoming increasingly important. With the demographics demanding it, Vancouver-based Nurse Next Door Home Healthcare...
August 25, 2009 | Read Full Story
Liquid Capital Achieves World-class Franchise(R) Certification
They say a chain is only as strong as its weakest link but for Liquid Capital, there are no such links in site as the Toronto and Irving, Texas-based factoring franchise company recently earned the distinction of World-Class...
August 24, 2009 | Read Full Story
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