Franchisor Stories
Entrepreneur highlights top trends for the remainder of the year
This is one of the best times to get into franchising.
With the first quarter of 2015 over next week, Entrepreneur compiled its top trends for the remainder of the year, and noted this is a great time for aspiring entrepreneurs to consider franchising as a business model. Trends included:
1. The increase in choices for financing
In 2015 there are more options than ever. The Express Small Business Administration (SBA) loan is available for those borrowing under $150,000. No collateral and only 10 percent to 15 percent down is required. There is also the Micro SBA product for loans under $50,000. Banks are once again promoting traditional debt financing such as the home equity line of credit (HELOC). And we are seeing more internal financing, a financing option available through franchisors to help you afford the cost of opening your own franchise location.
Read more here.
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About the Author
Nick Powills
FollowNick Powills, CFE, founded No Limit Agency in 2008 and serves as Chief Brand Strategist for the Chicago-based firm. No Limit is a full-service communications agency that establishes and elevates brands by bridging Public Relations, Social Media, Marketing, Advertising, Digital, and a lot of creativity, to best strategize well-rounded and successful campaigns for 50+ global franchise brands. By presenting visionary ideas and building real relationships, No Limit is able to create effective media branding strategies to help companies grow. Nick currently leads a staff of writers, media strategists, designers, social media experts and digital producers in an office think-tank where brands are humanized for strong, compelling media stories. Prior to starting No Limit at the age of 27, Nick spent four years working at a franchise PR agency where he mastered the art of building rapport with media outlets and creating newsworthy pitches for earned media placements. He holds a Bachelor of Journalism from Drake University in Iowa.
