Every franchisor, broker, and franchise sales professional should learn from master finance strategist, Jonathan Fodera of Integrated Business Financing, as he shares 5 financing strategies and how to use them to fund franchise purchases, business growth, and equipment purchases.
We dig into SBA Loans, Term Loans, Lines of Credit, Personal Liquidity options, and much more.
My favorite quote was, "the Best time to build business credit is 5 years ago..." Jonathan followed that up with straightforward advice about how to do it now that was actionable and simple.
I had no idea buying equipment with cash was a bad idea.
Jonathan's 4 Rules for business financing are spot on.
- Get Enough
- Build and Maintain Strong Business Credit
- Plan All Capital Expenditures
- Every Business Needs A Line of Credit
All of my friends in franchise sales should listen in and make your franchise candidates listen to this one! To my ClientTether peeps, add this one to your nurturing campaigns :)
