Tuesday, March 18, 2008
Small Business Loan Resources for Arizona Franchisees
Once you finally find that franchise opportunity of your dreams, the issue of financing can freeze some potential franchisees from pursuing their lifelong goals. Certainly, there are many costs involved in purchasing a franchise beyond the franchise fee or royalty payment. These may include costs to purchase equipment for your franchise, advertising or training. There are various strategies or resources that franchisees use to raise money for their franchise. They may include second mortgage loans, borrowing money from the franchisor, family or friends or looking for a partner. Many franchisees also look to their local Small Business Administration or SBA as a possible source. The SBA in Arizona is located in Phoenix Arizona at 2828 North Central Ave. Telephone: 602.745.7200. Click Here for additional or updated information on the SBA's requirements for lending.