Projections for SBA 7a Financing for a Franchise Startup

Projections for SBA 7a Financing for a Franchise Startup

Question: Hi Beau,

I hope you're doing well. I've been asked by the bank to compile three years' worth of projections for my SBA loan application ( I am buying a franchise startup). I'm not particularly skilled with spreadsheets, so I was wondering if you could share some helpful tips and best practices for accomplishing this task. Your guidance would be greatly appreciated!

Thank you,
DJ

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Timestamps:
(00:02) Guidance on creating SBA loan projections for a franchise startup.
(00:24) Determining average ticket prices and projecting revenue.
(00:56) Using the Franchise Disclosure Document (FDD) and consulting other franchisees for expense details.
(01:19) Take time and understand financial numbers.

💥 Thanks for watching 💥
#SBAloan #franchisestartup #franchising

About Beau: Beau Eckstein is a franchise consultant, commercial mortgage advisor, and business ownership coach who helps entrepreneurs buy, build, and expand their businesses. He assists aspiring entrepreneurs in finding their ideal franchise or business opportunity. Beau's expertise as an investor and business owner allows him to guide clients through the entire process of acquiring, funding, and growing their ventures.

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

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