Franchise Financing

A few ideas & resources to get you started.

Financing Options

If you’re still exploring options, check out some of our suggestions below. If you need some guidance or have any questions, feel free to call us at 1-800-274-9155 or simply fill out the information request form on this page.

Conventional Lenders

We have well-established relationships with lenders that provide franchise financing to new business owners. The lenders on our list are already familiar with our business model, which makes the process a lot smoother.

Small Business Administration (SBA) Lenders

The SBA is an excellent resource for learning more about business loan requirements. We have been an SBA-approved franchise since 2008; find us on the SBA registry at www.sba.gov.

Portfolio Loans

If you have money invested in the stock market, you may consider converting some of your investments in other companies into an investment in your own new business. This can help you qualify for business loans or maybe reduce the need for loans altogether.

Partnerships

Entrepreneurs sometimes go into business together, combining their financial resources and skill sets. This can make it easier to qualify for loans. It is important, though, that the business relationship is carefully defined in order to avoid conflict. Determine upfront who will manage operations and employees, as well as how profits will be distributed.

Home Equity Loans

If you own real estate that has appreciated since you purchased it, you can tap into your home equity to help finance your business. A home equity loan is easier to obtain than a traditional business loan and typically will carry a lower interest rate since there is less risk for the lender. The downside to this kind of loan is that your home acts as collateral.

Leveraging Retirement Funds

Many retirement funds such as an IRA, 401K, pension, 403b, 457 or annuity can legally be used to finance a business. In order to avoid triggering early withdrawal tax penalties, it’s important to consult with a professional. Our franchise development team can point you toward resources to help if this is a funding route you want to pursue.

GET STARTED

Thanks for your interest in the Batteries Plus Bulbs Franchise concept. Please fill out the form below and someone from our team will reach out to you shortly. In the meantime, please enjoy a free copy of our Franchise Report.

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