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The Money Show: How To Fund Your Franchise
Description
Episode 5: On this episode of Pursuit of Profit, Cliff and Justin discuss various ways to fund a business, - to start, grow and scale a franchise. We're talking the benefits of SBA loans, ROBS, Security Backed Lines of Credit, HELOCs, and other forms of financing. And discover why cash is not king. Take a listen and find out which forms of financing work best for you.
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Timestamps:
00:00 - Intro
01:30 - SBA loans
18:54 - Business plan
22:50 - Roll Overs as Business Startups (ROBS)
35:00 - Security Backed Lines of Credit
39:45 - HELOC (Home Equity Line Of Credit)
45:59 - Franchise or Financing
48:07 - Seller Financing
49:30- Private Investors / Inheritance
51:57 - Cash
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🌐 Website - https://franocity.com/
💼 LinkedIn - /cliffnonnenmacher
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Welcome to "Pursuit of Profit," the raw and unfiltered podcast where Cliff & Justin pull no punches to guide aspiring entrepreneurs, business owners, and franchisees on their journey to create wealth, financial abundance, and ultimate personal growth. If you're seeking sugar-coated advice and constant reassurance, this podcast may not be for you. But if you crave unapologetic honesty and a dose of tough love, then you've come to the right place.