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Franchise Financing 101 (+ real estate play) - Dan Pace #55 Close The Deal
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On this episode of Close The Deal Podcast, Dan Pace shares how to leverage real estate in your franchise financing packages.
Top 3 Value Bombs:
👉Value Bomb 1: Leverage SBA Loans
Ewell highlights the importance of SBA loans for franchisees, especially the Express Loans (up to $150,000, no collateral) and Dream Loans (up to $500,000, flexible terms). These loans provide accessible and secure financing options for new and expanding franchises.
👉Value Bomb 2: The Power of Mentorship
Ewell credits his success to mentorship, emphasizing that guidance from experienced entrepreneurs is crucial. He advocates for seeking mentors to navigate business challenges, echoing his own journey and his work with SCORE to mentor new business owners.
👉Value Bomb 3: Own Your Real Estate
Ewell advises franchisees to consider purchasing their business property using SBA 504 loans. Owning real estate can lower costs compared to leasing, build equity, and provide additional rental income, making it a strategic investment for long-term financial health.
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