small business

Posted inBusiness Plan

Franchise Financing Options 2023: Exploring the Best Strategies and Lenders

by NormaAzza

For franchisees with substantial equity in their homes, home equity loans can be an attractive financing strategy. This approach involves borrowing against the value of one’s home to fund the franchise. It can be a risky move, but for those willing to take the gamble, it offers a substantial source of capital.

Best Financing Strategies for Franchises in 2023

Now … Read More

Posted inType of Business

The 2023 Business Loan Application Process: Navigating the Landscape of Small Business Financing

by NormaAzza

The journey typically begins with an initial assessment by the business owner. They must determine the purpose of the loan, the amount required, and the ability to repay it. This self-assessment phase sets the foundation for the entire process.

Documentation Gathering

Next, businesses need to gather the necessary documents. These often include financial statements, tax returns, business plans, and personal … Read More