Meet the Supplier: Tenet Financial Group

Tenet Financial Group offers a wide range of funding options for franchisees, including guidance through the complex process of funding a new business venture. This allows franchisees to lean on the supplier for advice and financial backing while focusing on growing their businesses. 

The History Of Tenet Financial Group

Sam Phelps, the director of development for Tenet Financial Group, often refers to himself as a recovering banker. He worked in the banking industry in Texas for 10 years. He ended up working with small businesses, and his career evolved into more of a consulting role. 

“While being in banking and handling financing was enjoyable, it had its limitations,” explained Phelps. “It's fulfilling to help people with my background and guide them on their journey, but being in a more open-minded and creative role at Tenet has been a refreshing change.”

How Tenet Financial Stands Out

Tenet Financial takes an individualized approach to financially supporting their clients. 

“Every person who walks in has a different idea of what they want to achieve, whether it's related to a specific brand or a particular approach in their project,” said Phelps. “Factors like risk tolerance can vary greatly. I believe our key differentiator is that we start by listening. It all begins with a conversation.”

The options and insights provided by the supplier are based on the team’s extensive experience in matters of small businesses and franchising. Franchisees are Tenet Financial Group’s primary customers. Many of these customers are brand new to franchising, have minimal information about what they are committing to and lack the necessary funds. 

“We've encountered situations where people see a franchise opportunity they're excited about, but they don't have the multimillion-dollar investment required,” said Phelps. “That's where the financing process comes in, allowing them to pay it off over time and use other people's money to build their investment. However, they often have limited knowledge about franchise financing, and this is where the education and relationship-building aspect that we offer becomes critical.”

Tenet Financial Group, backed by a great deal of experience, provides guidance for new franchise owners on what they can expect from their investment, how the process of buying a franchise will play out and how to prepare themselves financially.

Taking Advantage Of What Tenet Financial Has To Offer

The earlier Tenet Financial Group has the opportunity to get in front of the franchise development team, the better. 

“Get us involved early on,” advised Phelps. “We want to get in front of the franchise development teams right away. If we hit a gray area, you don't need to be an expert. We're certainly open to sharing with you how we're going to go through our pre-qualification process. We can be involved as your financing partner and help you answer questions about why you are hitting walls.”

Tenet Financial has had experience in deals across the country and understands the startup process can be tedious. For potential franchisees who are unsure of what they can afford or where to start, Phelps advised simply making a phone call. 

“Let us know what you want to do, and we'll provide you with the available paths for your situation,” said Phelps. 

To see the full interview, click here.