Starting and running a franchise requires considerable investment. There are franchisee fees to pay, as well as initial setup costs. Without these elements, one is unlikely to make any profits from their franchise business. Fortunately, CMS Funding can help. We have excellent business loans and financing solutions that ensure you get your franchise business up and running in no time. Thanks to our loan facilities, you are now able to meet the investment standards set by your franchise owner.
A franchise is a business model where one company (franchisor) grants another company (franchisee) the license to operate a business under the former’s brand name. Typically, the franchisor is a well-established company with a strong brand name. The franchisee gets to enjoy the benefits of operating under the franchisor’s stronger brand name. The franchisor, on the other hand, gets to expand its business at little or no cost to themselves.
Franchises are a solid business model that has been in existence for many years. They can be found in all sectors of the economy including in retail, gas stations, restaurants and much more. If you are looking to start a franchise, you are likely to be required to pay the franchisor a certain amount of money for the license. You will then be required to put up the investment to set up the business. For example, a restaurant franchise will require kitchen equipment and much more. These costs can be considerable and without the help of a trusted financial partner, most entrepreneurs struggle to meet them.
Benefits of Our Working Capital Loans
How can franchisees benefit from our small business loans?
- Our loans help you to meet the franchise fee that is required to get the franchise license. This fee is often very high and forms the first barrier to starting a franchise. A loan from CMS Funding will help you overcome this financial obstacle easily.
- Once you have paid the initial franchise fees, the next hurdle to overcome is equipment for your franchise. You are likely to also need to make modifications to your premises as well as the installation of furniture and other items.
- Our loans allow you to hire and train top-notch staff who are critical to the success of your business. This is because these will be the people dealing with customers directly and you cannot afford to skimp on the quality of the staff you hire.
- With the anticipated growth of your franchise, you might need to expand both the physical space, as well as open a new franchise. CMS Funding’s financing solutions for franchises will ensure that you get the money that you need to grow your franchise.
What CMS Funding Offers for Franchises
Below is a list of our key small business loan features:
- Funding up to $500,000
- Funding available within 24 to 48 hours
- Terms ranging from six to 24 months
- Nonobligatory application after consultation
- High approval rate
- No collateral required (unsecured loan)
- Low interest rates
- Simple one-page application
- Quick and easy approval process
- Automatic payments
- Excellent customer service
- … and more!
Get the Funding You Need to Grow Your Business Today
When you come to CMS Funding for a loan, you can expect a smooth and efficient process. We have boiled the application down to a single form and we give you feedback typically within a day. This offers you the ability to make decisions very quickly. Our loans come at very reasonable rates and we can even offer you deferred options in case you are not able to pay within the agreed schedule.
If you have any questions about our small business loans for franchises, do not hesitate to fill out our online working capital application form or call us at (855) 793-8637 to learn more.