Franchise Small Business Loans at Bank of America

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Most Americans have noticed the growth of Bank of America over the last several years. Even throughout the credit crisis Bank of America found a way to open new branch locations and ATMs in almost all states throughout the country. When looking to open a pet store franchise, or any type of franchise, most franchisees will not have the cash to put down to get the business started. They will likely need some type of financing help through a bank. With Bank of America being one of the largest financial institutions in the United States it stands to reason that potential franchisees should consider this bank when it comes to a franchise small business loan.

Credit Needed for a Small Business Loan

It is very important to remember that Splash and Dash is very unique in that you can start a franchise for less than $60,000. This is less than a year’s salary for many Americans. That said, having that much money in a savings or checking account is not very likely. Some individuals may have that much saved up in a retirement or IRA account but liquidating that account is out of the question when it comes to opening up a new business.

The credit score that is needed to qualify for a small business franchise loan from Bank of America varies depending on the situation of the borrower. If you are a borrower that has paid off your home, has quite a bit of money in assets and does not have a lot of debt there is a good chance you could qualify for a small business loan with a credit score as low as 660 or 680. That said, if you have been smart with your money there is a good chance your credit score is higher than the aforementioned number because of the low amount of debt and having paid off major obligations such as a car loan, student loan and/or home loan.

Can I Use Cash for a Franchise?

If you are one of those savvy financial minds that always has several thousand dollars of cash readily available then you can absolutely start your Splash and Dash pet store franchise with cash. Note that we have different store concepts and different levels of investment. Based on your desires for the business, you could start your pet store franchise for as low as $53,153. For more on comparing the costs of other franchises make sure to check out our comparison chart.

If you have cash, up front, it may be a very wise decision to use this to start your business. This means you won’t be paying any interest on the money used to start the franchise. This could end up saving you tens of thousands of dollars in the early years of your business. If you are savvy with your money there is a high likelihood you will also be a very good small business owner. Do not hesitate to call us at 1-760-861-1071 if you would like to discuss the potential of opening a pet store franchise in your home town or somewhere close to you.

As with any major financial decision it is very important to do research. Feel free to click around this website to better understand the opportunities we offer. We also suggest checking out our Splash and Dash for Dogs page to get a feel for the services we offer customers and clients.

Low Cost Franchise Opportunities in Bibb County Alabama

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Although Bibb County, Alabama is one of the smaller counties, in terms of population, it does not mean there are not opportunities to make money on a franchise opportunity. At Splash and Dash for Dogs we are expanding into all parts of Alabama as this state has seen economic growth that is stronger than others. If you are looking to open a pet groomerie or boutique in your home town or close to Bibb County please feel free to reach out to us at 1-760-861-1071. We will be more than happy to discuss low cost franchise opportunities that can help you open your own business for much less than $100,000.

Bibb County, Alabama Demographics

As mentioned earlier, Bibb County is not heavily populated having only 22,512 residents. An interesting note is that over 80% of the individuals that reside in Bibb County are homeowners. This is a very high homeownership rate. Families and individuals that own their own home are much more likely to have pets and especially dogs. Having one’s own home means they also have a front or backyard for the pets to play. With the more rural parts of Alabama being a great place to raise a dog it is also a wonderful opportunity to open a pet store franchise in 2014, 2015 or beyond.

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When deciding on the proper location for a pet store franchise it is imperative to look at overall impressions. Although I-20 and I-65 do not go through Bibb County they are very close. In fact, you can basically see Bibb County from I-20 on the northern part of the county. The major highways that are in Bibb County are 82, 219, 25 and 5. Finding a location in or around Centreville will likely lead to the most impressions for your new franchise business.

Zip Codes and Areas Codes in Bibb County

Those looking to market or promote a business in Bibb County will want to make certain they hit all zip and area codes. The zip codes in Bibb County, Alabama include 35034, 35035, 35042, 35184, 35188, 36792 and 36793. The area codes in Bibb County are 205 and 334. The most populated part of Bibb County is Centreville with around 6,000 people. Upon making the final decision to open your pet store franchise we will be more than willing to help you better understand the do’s and don’ts. We also have a number of franchisees that can help you better understand the most important steps to get your business off the ground and making money quickly.

Each and every year the amount of money that is spent on pets rises. The latest statistics show that the pet industry will exceed $73 billion in the next year. This is a great opportunity to start a franchise in an industry that is growing leaps and bounds. Do not hesitate to contact us to get started today.

Additional Information

The county is largely rural, with only 32% of the county classified as urban area. This is partly due to the Talladega National Forest, which occupies roughly one fifth of the county’s land area. The Cahaba River National Wildlife Refuge also takes up a sizeable portion of the county. The Refuge prides itself as a tourist attraction that brings visitors to the area to view the special “Cahaba Lilly,” a flower unique to the area. The Refuge also hosts a variety of social events year round, as well as special hunting and fishing events held to raise money for conservation efforts in the area. Both the Talladega National Forest, and the Cahaba River Refuge offer hiking trails and camp grounds.

The abundance of outdoor activities, along with the high homeownership rate, makes Bibb County a likely hot spot for dogs, and active and messy pups at that! There are only three grooming salons within the county limits, which provides plenty of room for competition in a new Splash and Dash Groomerie and Boutique.