Credit Score Requirements to Finance a Franchise

Credit Score Requirements to Finance a Franchise

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Timestamps:
(00:01) The importance of credit requirements for aspiring franchise owners.
(00:22) Credit score requirements for SBA Loans and SBSS scores.
(01:20) Option of using an old 401k for financing through a Rob's rollover plan.
(01:45) Alternative funding options, including using home equity.
(02:25) Using home equity and its potential as an Equity injection for SBA loans.
(03:33) When and how unsecured term loans might be applicable for franchise financing.
(03:53) Credit requirements for buying a franchise
(04:24) Overview of the role of income documentation in obtaining unsecured term loans.
(04:58) Different financing options, including using a line of credit on a home.
(05:32) Promoting an introductory call to discuss financing options and other possibilities.
(06:08) Bringing in an investor partner or receiving gifts for franchise financing.
(07:10) Willingness to discuss and strategize financing options for potential franchise owners.

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#creditrequirements #SBSSscore #franchisefinancing #SBAloans

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.

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