What is the best way to finance a new franchise. What are the basics on Business Loans?
I am looking at a business with a start up cost of $175,000. The biggest obstacle is financing my business. Im just looking at basic info now for getting a business loan, andhow easy is it to pay it off. A: Most of the big franchises want to see proof that you have apx $250,000 in cash to get you thru the bad times. There are not many sources for this money. www.prosper.com (not my website) will arrange loans to you from investors. If you use a venture capitalist he will demand 51% of the ownership. Friends and family are always the best. I owned 2 franchise restaurants.
