Interested in Franchise Financing? We Have Some Suggestions.
Every Batteries Plus Bulbs franchisee has their own way of supplementing their cash to start their new business. Some self-finance, others look to banks or Small Business Administration lenders for franchise loans, and a growing number take advantage of the equity they've accrued in their retirement funds.
While not a lender, Batteries Plus Bulbs has established relationships with lenders that are familiar with our business model and are experienced in providing franchise financing to new business owners. If appropriate, we can provide you with the relevant contact information during the development process.
Small Business Administration lenders
Batteries Plus Bulbs has been an SBA approved franchise since 2003 and we are listed within the SBA registry found at www.sba.gov.
The SBA is a good resource for learning more about business loan requirements.
Leveraging retirement funds
An increasingly popular approach is to utilize retirement funds, which may reside in an IRA, 401K, pensions, 403b, 457 or annuities that may be legally used to buy a business.
To learn more about franchise financing and obtaining franchise loans for your new Batteries Plus Bulbs location, contact us or start your online tour of our franchise opportunity today.
Smart lenders will see as many good reasons to help finance your new Batteries Plus Bulbs franchise as you see for starting one.
California Franchise Development
California is one of Batteries Plus Bulbs' most important target markets for cultivating franchise opportunities. To support store development there, we offer significant support for new owners through our California Development Incentive Program. This program is designed to address the cash flow aspects of franchise startup costs in California.
The program includes
Startup payment deferments
Operational cost subsidies
The California Development Incentive Program has been well received and we expect to see more potential franchisees take advantage of this offer in the future.