Starting a new business can be daunting and risky - even in a good economy. To say that today's economy is not good might be an understatement. There are ways to mitigate that risk and still become a small business owner via the safety net of a franchise. Franchising with the 504 is not only possible, it is common and simple. A franchise already has the existing rapport and brand awareness that new businesses struggle to attain over years of existence. Brand awareness is the driving market force behind consumer loyalty. A well-established brand that has existed in the marketplace for sometime alleviates the shakiness of creating and building a green brand. Not only does the existing brand awareness drive instant business to a newly franchised location, but it allows the small business owner to lean on the experience of the brand and focus their attention elsewhere, thereby setting the stage for a more successful business.
Financing a franchise with a 504 Loan can cut down on the paperwork required of the entrepreneur. To find out if a franchise has previously been financed using a SBA loan, search the Franchise Registry. Have questions on how to get started? Contact us. For more information on starting a franchise, check out Chris Hurn's post in the Huffington Post.