Franchise financing.QA How can a regular guy like myself receive financing for a franchise or even find an investor who is willing to front the money while I run the business? --A. Little Via the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the Keep in mind that one of the benefits of franchising is that there is a built-in support mechanism in place for you--a network of resources. Many franchisors will help secure financing for qualified candidates to get started, and if they don't provide the financing themselves, often they can recommend an independent firm that provides loans. Before you get started, make sure that you go through the franchisor's Uniform Franchise Offering Circular Offering Circular An abbreviated prospectus for a new security listing. Delivered to individuals and brokerage houses, these documents are issued to arouse interest in the new issue. Notes: An offering circular allows investors to access information regarding a new issue. , a legal document that provides the information needed to evaluate the franchisor. All legitimate franchisors should have these available. If they don't, that's a major red flag. If you're not proficient pro·fi·cient adj. Having or marked by an advanced degree of competence, as in an art, vocation, profession, or branch of learning. n. An expert; an adept. at reading over legal and accounting information, you might want to retain a franchise lawyer. One good resource is the Federal Trade Commission's A Consumer Guide to Buying a Franchise. The guide, which offers lots of advice on how to choose the right franchise, is available online at the FTC's Website: (www.ftc.gov/bcp/ conline/pubs/invest/buyfran.htm). For information on the hottest franchise areas, read "10 Hottest Deals in Franchising" in this issue. For more information on franchising, go to the International Franchise Association at www.franchise.org or visit BLACK ENTERPRISE's franchising section online at www.blackenterprise.com. Mail your small business questions to Savvy Savvy® Gynecology A contraceptive vaginal gel that ↓ transmission of STDs–eg, HIV, chlamydia, gonorrhea. See Contraceptive. Solutions, BLACK ENTERPRISE, 130 Fifth Ave AVE Avenue AVE Average AVE Alta Velocidad Espanola (train between Madrid and Seville) AVE Alta Velocidad Española (Spanish: High Speed Train) AVE Audio Video Entertainment AVE Advertising Value Equivalent ., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10011 or send an e-mail to hughesa@blackenterprise.com. |
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