5 Tips on Financing a Small Business Franchise
CPA Practice Advisor | July 7, 2015
Imagine this: You’ve found the perfect business idea, one that seems to add up from every angle and couldn’t be better for you and your future plans. The only problem is that you don’t have the capital to open the doors. Well, unfortunately this is a rather significant problem for a small business startup … particularly in today’s lending environment.
- Don’t “Hope”….”Show” the bank how you will take their money and turn it into a profitable business venture. Picture the bank like any other person you would try to borrow money from…they are nervous….they need to trust you and most importantly they need to believe that you will pay them back!