Funding a Franchise Can Be Done Through Franchise Financing
Click The Video Above About Franchise Financing
Hi Peter,
Are you interested in exploring franchise options but don’t know if you have enough capital to invest? Lets talk it through.
Almost 80 percent of our clients at Find A Business Online use some type of financing vehicle to invest into a franchise business.
No matter the amount of cash you have on hand or your credit score it does not hurt to give us a call and learn about the options you may have.
There are business opportunities that can be as low as $20,000 dollars all in and Franchise options that can be purchased with as little as $40,000 dollars down. This capital can even come from your 401K tax deferred and penalty free through what’s called a 401K roll over.
A 401K roll over is a method that allows you to use your 401(k), IRA, 403(b), or other qualified retirement account to buy a franchise – with no penalties, upfront taxes, or debt. It can also be used as the capital injection required for a small business loan.
How it works in 4 steps:
- You establish a corporation with a customized retirement plan
- Rollover your current plan into a new corporations plan
- Your new plan purchases stock in your new corporation
- Your new corporation now has the capital to start a franchise business
Advantages:
- Tax-deferred and penalty-free
- You can pay yourself a salary from the start
- No interest payments or repayment of loans
- You can secure funding fast – typically 3-4 weeks
- Gain cash flow and build equity faster since its debt-free funding
- Not dependent on your credit score
- It is a diversification tool for many of our clients (allows you to invest in your own business instead of purely investing in the market) and that the retirement plan is designed to be a wealth accelerator as the business grows and begins to cash flow.
Let’s take a look at Tom. He and his wife Jane both worked at their executive positions for 18 years contributing 5 percent of their pay check to their 401k’s and their companies matching at 100 percent. After 18 years they each accumulated over $360,000 dollars in their 401ks.
Via a 401K roll over they were able to fund most of their franchise investment without leveraging much of their own personal savings.
Our consultants at Find A Business Online often recommend our Finance Partner Benetrends Financial to assist in this process.
Benetrends has been helping people invest into franchise businesses for over 35 years via this roll over program.
Be like Tom and Jane. Find A Business Online. Right Business. Right Time.
Click Here To Watch Our Webinar On Financing A Franchise
Find A Business Online, 450 Lexington Ave, New York, New York 10017, United States