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Getting a Business Loan: Financing Your Main Street Business by Ty Kiisel

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Franchises

There’s a Loan for That

Many entrepreneurs decide to buy a franchise rather than start a new business for a number of reasons. Some of them are more obvious than others, but here are a few of them:

  • They can start with a ready-made client base
  • The already have brand recognition
  • They have a parent company to train them on successful best practices
  • They have access to marketing resources they wouldn’t have starting from scratch
  • The company has a proven business model (or at least they say they do)

If you own or are thinking about purchasing a franchise, one or more of these reasons might be why. Did you know, depending on the franchise, ...

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