Franchise Funding Secrets: SBA Loans, ROBS & Smart Capital Strategies w/ Anthony Byrd | Pursuit of Profit”
Description
Episode 103: On this episode of Pursuit of Profit, Cliff talks with Anthony Byrd, vice president of banking business development of Benetrends. If funding is holding you back from becoming a franchisee, then this is the podcast that will reveal a variety of funding options to secure funding for your entrepreneurial dream. Listen up...
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Timestamps:
00:00 - Intro
02:05 - Anthony's background
06:47 - SBA Loans
10:55 - Do I need a job?
13:00 - Do I need direct experience in the industry to get a loan?
14:55 - How much do I need for the down payment?
15:44 - FICO score
17:08 - Interest rates on SBA loans
18:30 - Term on SBA loan
25:55 - How is the SBA loan funded?
32:24 - What is ROBS?
43:20 - HELOCs
44:54 - Unsecured funds
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Links:
Innovative Financing booklet - email cliffn@franocity.com
Watch the Pursuit of Profit on YouTube!
Connect with Cliff and Justin:
🌐 Website - https://franocity.com/
📷 Instagram - /franocity
👍 Facebook - /franocity
💼 LinkedIn - /cliffnonnenmacher
💼 LinkedIn - /justinguevara
* Consult with Cliff and Justin @Franocity
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Welcome to "Pursuit of Profit," the raw and unfiltered podcast where Cliff pulls 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.
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