Can You Still Find Financing to Buy a Franchise?

Don Johnson of Diamond Financial Services says… Yes! We had the pleasure of speaking with Don who is a Business Finance Consultant. Don specializes in helping people interested in buying a franchise find financing.

Don’s company, Diamond Financial Services works with the SBA (Small Business Administration), which is the most popular and common loan program in the country. Diamond Financial has a network of over 20 lenders nationally and is able to make the whole loan process faster and easier, and put you in better position for future expansion.

We asked Don what the benefits are of an SBA loan and here is what he had to say.

Benefits of an SBA Loan to Buy a Franchise:

1. Offer longer terms than a conventional loan.
2. Offer competitive rates.
3. More flexible to include working capital into the loan.
4. The SBA will be generally more aggressive because SBA lenders get protected via a high guarantee percentage through the U.S Government.
5. The SBA is willing to approve more loans than the average lender because of their “protection” by the US Government.

For more information we suggest you read our interview with Don: Interview with Don Johnson of Diamond Financial Services.