Importance of Funding Strategies for Multi-unit Franchise Operations

"If you arrange financing for the first unit without considering how that is going to affect your ability to get additional financing, you may find yourself without any options to fund your second and third units. With that in mind, let’s look at a few different scenarios and some possible strategies to successfully obtain the funding needed to become a multi-unit franchisee." - SCORE.org

This week on Franchising & You, Shirley Kefgen, Senior Funding Consultant at FranFund discusses the practicality, and necessity of proper preparation for funding multi-unit franchise development. Kefgen addresses common questions including why plan for funding second location when it may be twelve months in the future and if it's possible to secure funding for all locations at one time.

Franchising & You airs every Saturday at 9:30 AM ET / 8:30 AM CT with each segment available on-demand.

Franchising & You is powered by Franchise Foundry and sponsored by FranFund, Spadea Lignana and Retail Solutions.