Before You Sign: Essential Steps When Getting SBA Financing for a Franchise

Before You Sign: Essential Steps When Getting SBA Financing for a Franchise

Planning to buy a franchise using SBA financing? Before you sign any agreements, it’s essential to take specific steps to protect your investment and ensure you’re fully prepared. In this video, Beau Eckstein reveals the critical actions every potential franchisee should take, from securing a thorough underwriting approval to understanding the detailed financial projections and expenses. Don’t just settle for a pre-qualification; learn why full underwriting, accurate cash flow analysis, and upfront due diligence can make all the difference. Whether you’re a first-time franchisee or looking to expand your business portfolio, these insights will help you enter your franchise agreement with confidence!

Question: What are the critical steps to take before signing a franchise agreement when using SBA financing, and how can these steps help protect your investment and ensure long-term success?

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📌 Timestamps:
(00:01) Why Pre-Approval Isn’t Enough
(00:36) Key Financial Documents to Prepare in Advance
(01:09) Pitfalls of Paying Franchise Fees Before Underwriting
(01:40) Importance of Revenue and Expense Projections
(02:06) Benefits of Complete Due Diligence for Franchise Success
(02:33) How to Get Help with SBA Financing and Franchise Process
(03:12) Free eBook for Scaling Your Business with Virtual Assistants
(03:34) Subscribe for More Franchise Financing Tips!

💥 Thanks for watching 💥
#FranchiseFinancing #SBAFranchiseLoan #BusinessFundingTips #FranchiseOwnership #UnderwritingProcess #EntrepreneurTips #SBAApproved #FinanceYourFranchise #FranchiseInvestment #businesssuccess

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.

About the Channel: Want to structure your investments in the right and secure way?

Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.