Friday, November 9, 2012

Are there and grants available to start a franchise? -

I am wanting to know if there are any grants available to help fund opening a franchise? I know it may sound silly, but I am wanting to open a flip flop store in my hometown. The demand is there, and I have confidence it would be successful. The only problem is funding the opening of the store. I would take out a loan, but I have just went through a nasty divorce, and my credit has dropped from 750 to 540 in 6 months. Any advice or help would be greatly appreciated:)

I don t think you want to open a franchise? I think you want to open a small self owned business with a flip flop supplier. The answer is yes, there are grants available from the government to open new businesses (not sure on franchises? don t think so) but the grants are usually reserved for minority owned businesses. however, another nice avenue might be looking at the grants available at the sba which stands for small business administration. I think there is definately a chance for you if you do your homework and I wish the the best of luck!

Even if you had a 700+ credit score, getting a small business loan in today s market is next to impossible and will cause you more stress and pain than your business every will.I would recommend developing your business plan and then finding the funding from private parties. There is a ton of money being invested in small businesses today from friends, family, business contacts and other small business owners.

Sorry but no, there are no grants for that purpose.Http://www.grants.gov is the official US web site for grants.But Grants.gov does not provide personal financial assistance. To learn where you may find personal help, check Government Benefits, http://www.grants.gov/directpages/home_g�� Student Loans, http://www.grants.gov/directpages/home_s�� Small Business Start-up Loans http://www.grants.gov/directpages/home_s��

Well first its not called a franchise, it would be a small business loan. Any no, why would some one grant you money, so you can make money?

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