My New Blog

A Franchise Loan is a type of Small Business Loan that offers an Entrepreneur less risk and piece of mind. Starting up a franchise is perfect for someone who wants to start their own business,but does'nt want to go it alone. Entrepreneur Magazine looked at all of the possibly Franchise opportunities out there,and made a top 10 list of the best Franchises to be apart of. The top ten best Franchises respectively are Subway,McDonald's,7-Eleven Inc.,Hampton Inn/Hampton Inn & Suites,Supercuts,H&R Block,Dunkin Donuts,Jani-King(Commercial Cleaning), ServPro, and AMPM. It is good to note that Subway won the  #1 Award as Best Franchise this year. Also, Hampton Inn broke the number 10 list this year,in a time where Hotels had their worst year of Revenue.

Being a Franchise Owner can alleviate a lot of the stress that comes with owning and operating a business. However,once you start a franchise,it is important to note that you have to go by the rules of the Franchiser. This can put you in a good position if you want to be financially independent but do not want to run into all the questions and problem solving in a non-franchise small business. Franchises are also a good option if you see a need for a type of business in your town that just is not there yet. For example,if your town has many fast food restaurants but does not have a good sandwich shop,it could be time for you to put a Subway so customers do not have to travel far in order to get a good,healthy sandwich.

One of the best things about Franchises is that you have a great deal of information at your fingertips on the business you are looking at. For example,just like I found the top 10 Franchises online at Entrepreneur Magazine,you can also find online an estimate of how much money you would need to start a particular franchise and also how much money the business could potentially gain in your area. Owning a franchise takes a good chunk of risk out of the picture because if you go to a lender with a franchise in mind, the lender can easily see if it will potentially work in your town. Lending institutions will be less harsh on your business plan too because they also have revenue numbers  and Franchise information at their fingertips. Remember,before starting a business or if your small business is currently growing,it is very important to build your business credit so lenders will take your loan application more seriously.

Have you started a Franchise recently? Where and what type of Franchise did you start? Was getting a loan for that Franchise easy or hard for you?

David Hitchcock is a Business & Commercial Loan Consultant for MortgageCerv Financial. He can provide outstanding funding and is considered the go-to-guy for business loan transactions as well as commercial real estate funding. Please feel free to give him a call at 478-451-9977 (mobile).   

There are a variety of of different types of working capitol loans available to small businesses today. If your new to working capitol loans,basically they're short-term loans that are used to help sustain a business during a time of need. Companies often apply for this type of loan during times of explosive growth as well.

If you have the opportunity to build your business by investing in additional equipment,supplies,or more advanced technology,it may be in your best interest to it. A short-term loan will allow you to act quickly. Working capitol loans may also be used to pay for things like advertising costs,salaries,rent and monthly bills while you wait for the funds to come in.

David Hitchcock is a Business Loan Consultant/Owner of MortgageCerv Financial a commercial mortgage company.David is the go-to-guy for small business loans and commercial real estate loans in Georgia and nationwide.Please give us a call if you have a question @ 478-451-9977 (mobile) or 888-282-0601.