SBA Loans for Franchisees: How to Secure Funding for Your Dream Franchise (w/ Bob Coleman)

Let's say you have already decided which franchise to buy. The question now is where to get the money to finance your business. One avenue to consider is the SBA Loan Program, which helps franchisees secure funding for starting and growing their businesses. By providing access to funding, the SBA Loan Program helps more people achieve their dream of becoming business owners and contributes to the growth of the franchising industry. Whether you're just starting out or a seasoned entrepreneur, this program can help you achieve success in franchising.

This week on Franchise Hot Seat, Bob Coleman, a renowned franchise expert and leading voice in the franchising industry, joins the conversation to discuss the state of SBA loans and franchising funds. Tune in to this episode to learn more about SBA loans, franchising funds, and how to choose the right franchise for you. Whether you're a seasoned entrepreneur or just starting out, this episode is a must-listen for anyone looking to grow their business and achieve success in franchising.

TIMESTAMPS:

[1:50.2] The difference between banks and the SBA

[4:11.0] Businesses that qualify for SBA loans

[8:32.3] Passion is the key to success in any business

[13:15.7] Doing your due diligence the right way

[18:02.8] Oversaturation can be a good thing

[25:48.7] Hotels: fail-safe franchise

GUEST BIO:

Bob Coleman is a nationally recognized expert on small business lending. He is the Publisher of the Coleman Report, a trade newsletter and website for SBA and small business lenders. He produces online training videos and webinars for small business lenders to teach them to make less risky loans.

He regularly appears on Fox Business News and CNN and is sourced frequently by all major financial media news outlets including the Wall Street Journal and Bloomberg. He is a prolific keynote speaker and training instructor at events in the US and EU.

LINKS:

WEBSITE: http://franchisehotseats.com/

LinkedIn: https://www.linkedin.com/in/drjohnhayes/

Twitter: https://twitter.com/drjohnhayes

YouTube: https://www.youtube.com/c/Howtobuyafranchise

Instagram: https://www.instagram.com/hayesjph/

TikTok: https://www.tiktok.com/@johnphayesfranchise

Pinterest: https://www.pinterest.com/DrJohnHayes/

Facebook: https://www.facebook.com/franchisehotseatpodcast

BOB COLEMAN:

LinkedIn: https://www.linkedin.com/in/bobcolemanofcolemanpublishing/

Twitter: https://twitter.com/BobColeman

Coleman Report: https://colemanreport.com/