Financing a Franchise

The likelihood of finding financing for your franchise today is better than ever. Most lenders realize that loaning to franchisees can be a worthy investment.

Take advantage of this opportunity. Please contact us to learn more about LearningRx various payment plans.

Financing a Franchise

Figuring out how to finance a franchise venture creates plenty of questions. Fortunately for today's potential franchisees, financing is much easier to find than it was just 20 years ago. Many of today's lenders understand the special needs of franchisees seeking financing, and many have targeted franchisees as a growing, desirable market.

With an established franchise like LearningRx, franchisees have an easier time finding financing than independent business owners do. The default rates are lower with franchises than with independent businesses.

Before you obtain any financing, however, you'll need to consider some of the questions every lender asks and the items they'll require.

Most lenders will first consider the four C's of lending, which are:

• capacity
• collateral
• credit
• character

Capacity refers to whether or not you can repay the debt, which will mean examining your potential earnings and expenses.

Collateral is an insurance policy for the bank. It refers to any property you own that the bank may hold if you're unable to repay your loan.

Your credit history will give lenders an indication of whether or not you're likely to repay your debt. They'll check your credit report to see how much you owe, how often you borrow and whether or not you pay your bills on time.

Lenders also do a background check and evaluate your previous work experience when considering your character.

Experience in the franchise industry can work in your favor. Lenders look for quality, professional people who'll make a significant commitment to the business. They also look for borrowers who'll be investing some of their own money, which shows they have faith in the business' success.

LearningRx assists franchisees with financing through third party lenders such as SLM Financial, a subsidiary of SLM Corporation, a Fortune 500 company commonly known as Sallie Mae.

SLM Financial was founded in 1998 to serve new education and financial markets by offering private credit loans to consumers. The company provides education financing for kindergarten through high school, professional and technical training, part time education and distance learning.

The likelihood of finding financing for your franchise today is better than ever. Most lenders realize that loaning to franchisees can be a worthy investment. Take advantage of this opportunity.

Please contact us to learn more about LearningRx various payment plans.

Helpful Links

Financial Directory of Lenders Offering Small Business Loans for Franchise Financing:

SLM Financial
Provides education financing for kindergarten through high school, professional and technical training, part time education and distance learning.

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