Can You Co-Sign an SBA Loan for Your Son’s Home Service Franchise? What You Need to Know

Can You Co-Sign an SBA Loan for Your Son’s Home Service Franchise? What You Need to Know

Thinking about co-signing an SBA loan for your child's home service franchise? In this video, I break down everything you need to know about becoming a guarantor, the options available if your child has decent credit but lacks capital, and how you can still support their business even without co-signing. Whether you're looking to co-sign, provide a gift, or simply support, we've got you covered. Plus, I’ll show you how to check for available franchise opportunities in your area. Ready to help your child’s entrepreneurial journey? Watch this video and learn how you can play a pivotal role!

Question: My son just graduated from high school and wants to invest in a home service franchise; can I co-sign for the SBA loan? What are the best practices for supporting his new business venture?

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📌 Timestamps:
00:01 - Can you co-sign an SBA loan for your child’s franchise?
00:30 - The role of a guarantor and ownership requirements
01:02 - Other support options without becoming a guarantor
01:26 - Find available franchise opportunities in your area
01:53 - Subscribe for more tips on financing and business loans

💥 Thanks for watching 💥
#SBAloans #FranchiseOwnership #CoSignLoan #HomeServiceFranchise #EntrepreneurSupport #FranchiseOpportunities #BusinessLoans #FranchiseInvesting #ParentSupport #smallbusinesstips

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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