TL;DR
Entrepreneur highlights franchising as a viable business model for the remainder of 2015, citing increased financing options. The Express Small Business Administration loan and internal financing through franchisors are among the options available.
With the first quarter of 2015 over next week, Entrepreneur compiled its top trends for the remainder of the year, and noted this is a great time for aspiring entrepreneurs to consider franchising as a business model. Trends included:
1. The increase in choices for financing In 2015 there are more options than ever. The Express Small Business Administration (SBA) loan is available for those borrowing under $150,000. No collateral and only 10 percent to 15 percent down is required. There is also the Micro SBA product for loans under $50,000. Banks are once again promoting traditional debt financing such as the home equity line of credit (HELOC). And we are seeing more internal financing, a financing option available through franchisors to help you afford the cost of opening your own franchise location.
In this story
This story was originally published in 1851 Franchise on March 27, 2015. Burnaze summarizes and links to the original reporting.
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