Franchise Disclosure Document (FDD) and SBA Loan Approval

Franchise Disclosure Document (FDD) and SBA Loan Approval

Question: Hello Beau,

I hope this message finds you well. I've recently been in discussions with a particular franchise and have obtained their Franchise Disclosure Document (FDD). As I delve into the process of franchise financing, I want to ensure I'm well-prepared, especially from an SBA (Small Business Administration) standpoint.

Could you kindly share some valuable insights and recommendations regarding financing a franchise, particularly with a focus on SBA-related considerations? Your expertise would be greatly appreciated.

Thank you in advance for your assistance.

Best regards, Olivia

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Timestamps:
00:39 - Importance of obtaining the franchise disclosure
00:50 - The role of the bank in the franchise process
01:05 - Need for financial projections. average product costs, the franchise concept and establishment
02:09 - Differences in banks' pre-qualification processes
02:38 - Conversation and understanding the franchise model
02:55 - Factors influencing loan approval
03:27 - Finding the right bank and understanding the franchise concept
03:12 - Gathering necessary documents for loan approval
04:02 - Simplified process for franchise startups
04:12 - Equity injection and reserves requirements
04:40 - Navigating tight financial situations in franchise purchase

💥 Thanks for watching 💥
#franchisefinancing #FDD #SBAloanapproval

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance all your projects.

About the Channel: Want to structure your investments in the right and secure way?

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