I would like to open a franchise but I have no money down and not really any assets. I am looking for someone who finances 100% to startup a business.
2006-07-13 09:33:32 · 7 answers · asked by agrousey101 1 in Business & Finance ➔ Investing
Good luck that is going to be hard to find. however there are a ton of government grants out there that can help you. Many of which are big enough to get you up and going. go to www.GovBenefits.gov it will help you do a search for grants that you may qualify for
2006-07-13 09:42:37 · answer #1 · answered by Elizabeth O 2 · 0⤊ 0⤋
Either the money demand is in the limit you'd get as personal credit anyway considering your current salary - or then you'd better ask family or friends.
But make sure the franchise is serious - and speak to some people doing exactly the same business for some years already. A lot of franchise business is only to get your money - and after that no one cares.
2006-07-13 16:38:02 · answer #2 · answered by swissnick 7 · 0⤊ 0⤋
Doesn't exist...
What you can do is approach an existing owner that may be getting tired of running the store, growing old, moving, etc... and see if they will let you take over on a lease with option of the existing business. However, 100% financing to start your own business, be it franchise/whatever, just doesn't exist
2006-07-13 16:37:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You mean you want someone to pay for your business?
I dont think anyone would agree unless you had a really good business plan or idea
2006-07-13 16:37:50 · answer #4 · answered by kadhumia_flo 2 · 0⤊ 0⤋
Talk to your franchisor. They may have some ideas. If not, your best bet is Small Business Administration, although success is by no means guaranteed.
2006-07-13 16:44:18 · answer #5 · answered by NC 7 · 0⤊ 0⤋
Good luck!
2006-07-13 16:37:29 · answer #6 · answered by chinky95 2 · 0⤊ 0⤋
Only if you have a rich and generous relative....
2006-07-13 16:40:29 · answer #7 · answered by Judy 7 · 0⤊ 0⤋