Does Mighty offer financing to its franchisees?
Aside from short term (30-60-90 day) financing of the initial product inventory for new franchisees, Mighty does not finance franchise investments. However, we can provide an appropriate level of assistance to prospective franchisees with their presentation to a lender. It is not uncommon for new franchisees to utilize local banks, the SBA, or personal lending sources. Mighty provides a Central Bill credit facility for it’s qualified franchisees, under which it guarantees payment to authorized suppliers of Mighty parts, for products ordered by approved franchisees. Franchisees repay Mighty, based on a monthly statement, which summarizes the franchisee’s purchases from the authorized suppliers.
