All Topics > Franchise > Franchise Financing Programs >

Franchise Financing Programs Connecticut

If you are looking to open a franchise, but are not sure that you can afford the franchise fees, you may want to look into a franchise financing program. Although the Small Business Administration offers loans for small business start-up expenses, it is easier to get a loan for a franchise through a franchise financing program. These programs are set up specifically to help pay for the franchise fees, leases, and other start-up expenses.

1. Local Companies

2. Why Would You Need A Franchise Financing Program?

3. Why Use A Franchise Financing Program?

4. Finding A Franchise Financing Program

1 . Local Companies

Compass Group of Connecticut the
(203) 226-5117
21 Burr Farms Rd
Westport, CT

Brody Weiser Burns
(203) 481-4199
250 W Main St
Branford, CT

Risk Management Reports
(860) 434-2917
61 Elys Ferry Rd
Lyme, CT

M T Maritime Management Inc
(203) 226-7882
55 Greens Farms Rd
Westport, CT

Clarion Group Ltd the
(860) 232-3667
920 Farmington Ave Ste 100
West Hartford, CT

Northway Management Co Llc
(203) 618-9062
164 Mason St Ste 2
Greenwich, CT

Small Business Resources
(203) 334-7100
1838 Black Rock Tpke
Fairfield, CT

Vintech Management Svcs
(860) 496-8199
333 Kennedy Dr
Torrington, CT

Amende Human Resource Consulting Llc
(860) 646-0416
41 Sunnybrook Dr
Manchester, CT

La Montagne & O'brien Assoc
(860) 721-0121
31 Surrey Dr
Wethersfield, CT

2 . Why Would You Need A Franchise Financing Program?

When you decide to start a business, you have several choices. You may see a specific need in your community and start the business based on filling this need, for example, a baby sitting service or a house cleaning service. Or you may decide to open a business similar to one that you have seen in another city. This business may be different from anything else in your area. Another reason that you would choose to start a franchise is to have the big name associated with your business. This would help give your business a measure of legitimacy that it might not otherwise have.

No matter what your reason, if you decide that you want to start a franchise, the first thing you need to consider is how you are going to finance the franchise. Franchise fees alone can run from a few thousand dollars to over a million dollars, depending on the type of business. In addition to the franchise fees, you will need to consider the cost of leasing the space you will occupy, and you will need to account for other start-up expenses. This is in addition to the day to day operating expenses incurred from running any business. Getting a loan for the franchise start-up expenses will allow you to use your money as operating capital.

3 . Why Use A Franchise Financing Program?

Though the Small Business Administration will sometimes offer financing to start a small business, you may find it easier to get a Commercial Franchise Loan. The terms for these loans may be more lenient for certain types of franchises. Though the Small Business Association is designed to help small businesses and start ups, they will sometimes look at the other businesses in the area to decide whether they are going to extend a loan. If you are starting a business that is unique in town, this can be a good thing. However, if you are trying to start a franchise like a gym or a hotel, and there are other gyms or hotels in the area, they may decide to turn down your application.

If you are trying to start a fast food franchise and there are other types of fast food restaurants in your city, the Small Business Administration may turn you down, even if you have chosen a business that does not have any franchises in your city. A franchise financing program will look at the type of franchise rather than checking to see if there are a lot of other similar businesses in the area. This doesn’t mean that a franchise financing program will blindly loan money to anyone. They have certain criteria that you will need to fulfill before they will loan you money for your franchise start up.

4 . Finding A Franchise Financing Program

When you decide to find a Commercial Franchise Loan for your franchise, you will want to do a lot of research online. Many franchise financing programs will offer specific terms for all franchise loans. Some of these companies will offer loans for a limited number of franchises. You will need to carefully research the company to determine if they offer loans for the franchise you want to start. In some cases, you can get the list of franchise opportunities where they will offer loans. In other cases, you will want to contact someone at the company to get an idea on whether they will offer financing for the particular franchise you will be starting.

This does not mean that it is difficult to find a Commercial Franchise Loan for your franchise. The answer is the opposite actually. Many of these franchise financing programs acknowledge that a franchise of an established business is a very good business opportunity. In many cases, the company name is well known, and the procedures are well established, saving time and effort. Any time that you know the best way to do things, you will save money for your business.

Read more about Franchise Financing Programs

- Purchasing An Existing Franchise Connecticut

In life we are presenting with a variety of decisions on a daily basis. Some of these decisions are small and others are big. Many people today are thinking of buying a franchise. Read on and learn more.

- Choosing Big Name Franchise Connecticut
- Setting The Franchise Up Connecticut
- Franchise Fundamentals Connecticut
- Franchise Financing Connecticut
- Name Selection For Your Franchise Connecticut
- Finding Great Franchise Team To Join Connecticut
- Franchising Skills Connecticut
- Automotive Auto Body Franchise Connecticut
- Purchasing a Construction-Related Franchise Connecticut

Regional Articles

- Franchise Financing Connecticut

Because there are many different ways to finance a new business, you should be prepared to do some thorough research on the subject to make sure you find the option that will work best for you. Your best source of information is most likely the franchisor you are interested in joining as they should be familiar with the costs and they will understand the likelihood of you obtaining financing from any particular source.

- Setting The Franchise Up Connecticut
- Automotive Auto Body Franchise Connecticut
- Franchising Skills Connecticut
- Name Selection For Your Franchise Connecticut
- Finding Great Franchise Team To Join Connecticut
- Franchise Fundamentals Connecticut
- Purchasing An Existing Franchise Connecticut
- Purchasing a Construction-Related Franchise Connecticut
- Choosing Big Name Franchise Connecticut

Related Local Events

SCORE Counseling
Dates: 12/24/2009 - 12/24/2009
Location: Chamber Office
Glastonbury, CT
View Details

Leads Exchange Group meeting
Dates: 12/17/2009 - 12/17/2009
Location: Eric Square
Glastonbury, CT
View Details

Ambassador Luncheon Meeting
Dates: 12/8/2009 - 12/8/2009
Location: Chamber Office
Glastonbury, CT
View Details

B2B Connections
Dates: 12/3/2009 - 12/3/2009
Location: Panera Bread
Waterford, CT
View Details

SCORE Counseling
Dates: 12/3/2009 - 12/3/2009
Location: Chamber Office
Glastonbury, CT
View Details

Advertising	Food & Beverage	Nightlife
Business Services	Franchise	Online Database
Career	Health	Pets
Cars	Holidays	Real Estate Resources
Computer Hardware	Home Appliances	Retail & Consumer Services
Construction	Home Electronics	Software
Education	Home Services	Technology
Entertainment	Industrial Goods & Services	Telecommunications
Environmental	Insurance	Trade Shows
Family	Internet	Travel
Fashion	Legal	Weddings
Financial Services	Miscellaneous	World History

Advertising	Family	Home Services	Real Estate Resources
Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
Career	Financial Services	Insurance	Software
Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
Construction	Health	Miscellaneous	Trade Shows
Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History