SBA Loans and Personal Savings Are Top Two Sources Expected for Funding Business Startups
March 16, 2022 — Most aspiring franchise buyers plan to use Small Business Administration loans and personal savings to start their businesses, at 48.9% and 45% respectively, according to the FranchiseInsights.com Small Business Startup Sentiment survey. Loans from banks or other lending institutions were identified as the third most common source at 39.8%. The...Read More
Important Factors to Consider in Your Lease
Owning and operating a business can be rather demanding and that means from time-to-time details can slip through the cracks. All too often, businessowners don’t fully comprehend their leases and this can lead to a variety of problems. For example, if your business location is a key part of your success, it is incredibly important that you are well aware of all the essential points in your...Read MoreIFA Recognizes Benetrends for Helping Prospective Franchise Owners Secure Funding
Benetrends has been named the preferred vendor for IRA/401(k) rollover financing solutions by the International Franchise Association (IFA). Both parties understand how securing business funding can change lives. “IFA is pleased to announce this new partnership with Benetrends, who have shown their longtime support for the association and franchising as a whole,” said Matthew Haller,...Read More
3 Warning Signs for Sellers to Be Aware Of
If you’re getting ready to sell your business, you’ll want to be on high alert for potential warning signs that could potentially derail the deal. Of course, time is of the essence when it comes to finalizing your deal. Why spend time negotiating with a buyer who is either not really interested or is simply not qualified to buy? Let’s take a look at some of the top buyer warning signs. 1....Read More
The Basics of a Business Purchase Agreement
Written by Live Oak Bank During the sale of a business, both the seller and buyer must follow a certain legal process. After signing a letter of intent and completing due diligence, a business purchase agreement marks the official start to the legally binding transaction of a business. This agreement requires the buyer to purchase the business according to the terms and...Read More
