When looking to open a small business one of the first things a franchisee must consider is financing. Unfortunately, opening a business is not necessarily the cheapest option. At Splash and Dash we offer franchise opportunities for under $60,000 but many people do not have $60,000 sitting around in a bank account. While some may have money in their retirement account they do not want to liquidate that to start their business. If you are interested in opening a pet store franchise and need financing assistance please feel free to reach out to us at 1-760-861-1071.
Citibank is one of the four largest banks in the United States along with Wells Fargo, Bank of America and JP Morgan Chase. If you are looking to finance with a bank that is located in most of the states, Citibank is definitely an option. While some people prefer a local or community bank there are others that want a bank that will be wherever they travel. You will not be able to pick up your Splash and Dash Franchise and move it, but there are times in which you will travel for business or pleasure and will need to access a branch location for your bank.
In terms of the cost of a Splash and Dash franchise please check out our investment page. This will explain the Franchise Fee, training, grand opening marketing and furniture, fixtures & equipment. Note that we are one of the few franchises that offer opportunities for under $100,000 and even under $75,000. Recognize there are different concepts that will necessitate different financing requirements. As mentioned earlier, please contact us to better understand how much it will cost to get your small business up and running.
Rather than waiting until interest rates rise, it may be a good decision to consider getting your small business franchise financing loan today. Credit has not been as tight in recent years as banks and lending institutions are allowing borrowers access to more money. Interest rates are historically low and most borrowers will be able to qualify for a business loan that is in excess of $50,000. Remember that a credit score and financial history will determine the loan Citibank will offer in 2015, 2016 and beyond. Securing this money up front will make it easier to save cash down the road.