Funding Products & Services

You want your business to succeed. And we want to help. So, we’ll work with you and within your current finances to create a funding plan just for you.

Pricing

Before you commit to anything, we’ll have a chat with you free of charge to make sure you understand all of our program and service costs.

Resources

Here's everything you need to better understand your business funding options.

Partnering With Us

We have one goal. To help our clients be successful business owners. Our trusted partners share that goal and work with us to help achieve it. And it works two ways. Sometimes a partner sends a business owner our way to help with financing, and sometimes we send a business owner their way to help with other business needs.

Why FranFund?

We believe the best funding partner delivers not only high-quality products and services, but also an exceptional customer experience.

FranFund Blog

5 min read

Starting a Business with Your Partner: 10 Things to Know

By FranFund on May 29, 2020 1:19:47 PM

Starting a business with your significant other is an exciting venture, and there are a lot of perks. After several weeks of quarantine, you may have even realized, “Hey, we can totally work together!” Still, no matter who you’re partners with, business brings obstacles — especially during a pandemic.

Whether it’s funding needs, personal management style, or company goals, there are a lot of hoops to jump through. And the thing is, you both have to jump through the same hoops, together. To help you gauge your future together in business, here are the top 10 things you should know ahead of time.

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2 min read

SBA Debt Relief - Great News if You Can Get Your Loan Closed in Time

By FranFund on May 12, 2020 12:53:58 PM

Over the past several weeks, we have faced unprecedented business interruptions in the wake of the coronavirus pandemic. In response, the CARES Act was passed to provide fast and direct economic assistance for American workers and their families, as well as existing small businesses.

As part of the coronavirus debt relief efforts, the SBA announced a loan payment assistance program. If your business already has an SBA loan in place, with the first payment due after March 27th, 2020, OR you are a new borrower and can close your SBA loan and be in regular loan servicing on or before September 27th, 2020, the SBA will make your first six payments.

Topics: SBA Loans
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3 min read

What Does it Take to Get Your SBA Loan Funded?

By FranFund on Apr 29, 2020 9:45:51 AM

As the borrower, you have an important role in the process.  

Getting your Small Business Administration (SBA) loan approved is an important first step, but getting your money in hand requires a successful loan closing. The loan closing can take substantial time if you’re not prepared and able to provide what's needed to the lender's closing team in a timely manner. 

Topics: SBA Loans
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3 min read

Get Cash to Keep Your Business Running During Coronavirus

By FranFund on Mar 18, 2020 12:29:23 PM

Update:  See our new Coronavirus related information here.

When you launched your business, who would have guessed you would need to prepare for a global pandemic? Most business owners do not have a contingency budget anywhere close to what they need to mitigate this type of operational impact.  

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2 min read

Dos and Don’ts in Credit: How to Qualify for a Bigger Business Loan

By FranFund on Mar 4, 2020 4:21:10 PM

You probably know what a credit score is, but do you know how to protect it? By understanding what affects your credit score, you can make better decisions that will, in turn, positively impact your score. Not only is understanding your credit score important when looking for a car loan or mortgage but maintaining a good credit score is essential for any business owner. Most lenders will heavily weigh your score when determining your business’ creditworthiness, but what impacts your score? Let’s look at the five factors that are considered when your credit score is reviewed.
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3 min read

Black Entrepreneurs Are Finding Success in Franchising

By FranFund on Feb 28, 2020 11:07:07 AM

Thanks to franchising, the dream of business ownership has become a more realistic goal for all entrepreneurs. By investing in a proven model and following the franchise brand’s existing guidelines, you can get your business started and be profitable much quicker and easier than starting a business concept from scratch. And, one of the largest areas of growth in franchise businesses is with African American owners.

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3 min read

SBA Loan vs. HELOC: Which Is the Better Business Funding Path for You?

By FranFund on Feb 10, 2020 10:00:00 AM

There are multiple avenues for funding your business, and no one path is going to be the right one for everybody. On that note, people should take heart that there are often many right roads to funding so long as you’re informed before you get into the weeds of business funding options. 

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2 min read

Score a Touchdown with FranFund

By FranFund on Jan 30, 2020 10:30:00 AM

When it comes to getting funded with a Small Business Administration (SBA) loan, you must be confident in your game plan. You cannot win a game depending only on your quarterback. You will need to have all your X’s and O’s in the right place, along with a winning strategy in mind.

That’s where FranFund comes into play. Think of us as your head coach. Here are the 6 steps we will tackle to get you to the “SBA loan end zone” with FranFund:

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7 min read

Do the Changes to the Retirement Plan Savings - Secure Act of 2019 Impact You?

By FranFund on Jan 22, 2020 10:30:00 AM

On December 20, 2019, President Trump signed the SECURE Act into law. SECURE stands for “Setting Every Community Up for Retirement Enhancement.” The purpose of the bill is to extend opportunities for Americans to better save for retirement. 

Topics: SECURE Act
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3 min read

It's the Most Wonderful Time of the Year

By FranFund on Dec 23, 2019 5:00:00 PM

December is a slow month for some business owners. Customers are on the downswing of their buying cycles. It's a time for business owners to take stock and get their books in order. For many other business owners, however, this is the busiest time of the year. This is particularly true for businesses that sell B2C and have high degrees of seasonality. This year’s favorable retail outlook should keep things even busier than usual this holiday season!

If you find yourself among those in an end-of-year frenzy, relax and take a deep breath. You will come out on the other end stronger than before! It’s easy to get lost in the year-end tasks that are likely taking up a majority of your time. Especially when all you want for Christmas is for the books to be balanced, end-of-year bonuses to be disbursed, taxes to be put in order, inventory to be accounted for, Q1 forecasts to be finished… is that too much to ask for?

While end-of-year needs obviously matter, it’s also important to keep your eye on the big picture; the life of your business will continue well past December 31st. This is a great time to reflect on what you accomplished this year and plan for your future.  In addition to more commonly discussed end-of-year tasks, 2020 has some trends in store that should warrant your attention as a small business owner.

 

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