Pet Franchise

Pet Franchise: Finding a Local Bank for Your Cheap Pet Store

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Buying the right cheap pet store franchise in Pinellas County is important. Once you know what franchise you will buy, the next thing you want to do is find the right bank. The bank can help you in a number of ways. Each area has its own local banks and it is helpful to know what is available for your business in Pinellas County.

National Banks

In Pinellas County, you will find several national banks where you can create a business account. This includes:

  • Wells Fargo
  • Regions
  • Bank of America
  • BB&T
  • SunTrust
  • Chase
  • PNC
  • TD Bank

Local and Community Banks

If you prefer to keep your money in a bank that is local, there are a few options for you including:

  • Synovus Bank
  • 1st United Bank
  • Old Harbor Bank
  • US Ameribank

National Credit Unions

There are several national credit unions that you can have an account with as well.

  • GTE Financial
  • Grow Financial
  • Achieva Credit Union

Local Credit Union

There are several options for local credit unions as well including:

  • Florida Credit Union
  • Pinellas County Credit Union
  • Suncoast Credit Union

Save Money for Your Dog Grooming Franchise with These Tips

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Buying a dog grooming franchise can get expensive, even if you go with the lowest industry startup costs. There are several tips that you should know about that can help you to get the funding you need.

Know What You Need

Even though the franchisor cannot tell you the exact amount the initial costs for the franchise will be, they can give you a high and low figure. This is because there are many variations depending on where your location will be. It is best to hope for the low end of costs but plan for the high end.

Get a Second Job

This may sound counterproductive to going into business for yourself, but it can be a great way to save for your franchise. Even if you do not like working a ton of hours or having a boss, this temporary job can help you to get to your dog grooming franchise a reality. Just make sure you are saving this income rather than spending.

Find Ways to Cut Your Spending

You know the old saying, “a penny saved is a penny earned?” Well, put this to work when financing your dog grooming franchise. Find ways that you can cut down on your expenses and then apply this money into your savings account for the franchise. If you are unsure of where you can cut expenses, then it is helpful to talk with a financial counselor who can help you create a budget and savings plan to get you on track.

Improve Your Credit

If you plan to get a loan to cover part of your expenses for buying the dog grooming franchise, then you should make sure you improve your credit. This can help save you money in a few ways. For one, this will make you a better candidate and more likely to get the loan you need. This will also reduce the down payment required by the lender. On top of all this, it can save you money in the long run because a better credit score means lower interest rates which can cause you to spend tens of thousands of dollars more over the life of your loan.

If you are considering a dog grooming franchise, give Splash and Dash a call. We can answer all your questions and help you achieve your dream of franchise ownership.