Thursday, February 20, 2014

Financing For Franchising Opportunities In Canada : Is A Franchise Finance Loan Science Or Art!

" #ho $ou %onna Ca&&' #hen It Co(es To Financing For Franchising In Canada!

O)*+)I*# , In-or(ation on -inancing -or -ranchising in Canada #hat are the .ey ingredients o- a -ranchise -inance &oan /hen entrepreneurs see. opportunities as a -ranchisee

Financing -or -ranchising in Canada is often viewed as a ' who you gonna call ' situation for many prospective franchisees' in Canada. We're ourselves still not sure whether a total solution financing package for a franchise purchase is an art of a science - in fact its probably a bit of both. And frankly more often than not they are ' flying solo when it comes to their search for a franchise finance loan. There are some reasons for that so let's dig in. We recently read a great article by a Toronto franchise lawyer who reaffirmed !thankfully"# what we have been saying for a long time. $ome of those key points included% A decent chun. o- the e0uity in a ne/ -ranchise needs to co(e -ro( the borro/er Franchise -inance scenarios di--er -ro( (any -or(s o- traditiona& -inancing because there are nu(erous aspects: -ranchise -ees, &easeho&ds, /or.ing capita&, assets, techno&ogy, and in so(e cases rea& estate The type o- -inancing you are going to recei1e a&so has a &ot to do /ith your o1era&& persona& net /orth and persona& credit score at the credit bureau #hi&e Canadian chartered ban.s are 1ie/ed as the (ost &ogica& 2 go to 2 source -or -inancing in -act this is so(e/hat (isunderstood gi1en that the (a3ority o- &oans appro1ed -or -ranchises are under the auspices o- the Canada s(a&& business -inancing progra( 4 /hich is a go1ern(ent guaranteed &oan $o while the upshot of the article was clearly and we &uote ' they will likely be on their own when it comes to financing 'the franchisee shouldnt despair. Why( $imply because if you have the help and assistance you need from a )rd party non biased source there are a number of ways to solidify financing for franchising. Those methods include% Specia&i5ed -ranchise &oan -inanciers The %o1t S6L progra(

Supp&e(enta& -inancing 1ia cash -&o/ ter( &oans, e0uip(ent -inancing, and (erchant cash ad1ances The one spot most franchisees think they will get the most help will in fact be where they get the lease help. Thats because franchisors are interested in selling you a franchise helping you run it via their business models but are not interested ! or able# to assist you . *ere it might make ma+imum sense to seek out the e+pertise of a trusted, credib&e and e7perienced Canadian business Financing Ad1isor /ith a trac. record osuccess who can assist you with making your business opportunity a total success.

Stan 8ro.op - 9 8ar. A1enue Financia& % http:::/// 9par.a1enue-inancia& co( ,usiness financing for Canadian -irms speciali.ing in working capital cash flow asset based financing /&uipment 0easing franchise finance and Cdn. Ta+ Credit -inance . -ounded 1223 - Completed in e+cess of 42 5illion 6 of financing for Canadian corporations . In-o :Contact : 9 8ar. A1enue Financia& ; Canadian -ranchise -inancing e7pertise<

=a1e A >uestion :Co((ent On Our 6&og Or Canadian 6usiness Financing A&ternati1es ! CO?TACT:

7 8ark Avenue -inancial $outh $heridan /+ecutive Centre 1492 $outh $heridan Way $uite )29 :akville :ntario 0;< 7<= @irect Line > 39; )94 ?7;4 O--ice > 42? =14 1;?)

*(ai& > sprokop@7parkavenuefinancial.com 2 Canadian 6usiness Financing /ith the inte&&igent use o- e7perience 2