Buying a Franchise with Alternative Financing
Question: I am working on buying a home service franchise. I need $50,000 for the franchise fee and about another $65k for the van. The other startup costs are about $10-15k. I am employed with a w2 job and have good credit. I have about $30k in savings and not much more.
[00:32] What to do when buying a low startup cost type of franchise
[00:40] The best thing to do when the franchise is not on the approved SBA directory
[00:52] Doing an unsecured term loan when you have a good credit and income
[01:08] Finance a van 100% with an equipment loan
[01:27] Layering in to different financing facets to get a project done
[01:58] Book a call to run through the best financing deal for you
[02:20] Go to investorfinancingpodcast.com/ask to ask other questions
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_________________________________________________________________________________________________ About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.
The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.
About the Channel: Want to structure your investments in the right and secure way?
Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.