The idea of buying a franchise can be daunting at first, and you might be tempted to give up before you even try. As with any new business, you’ll have to get equipment, hire and train employees, manage a marketing campaign, and pay legal fees, among other paperwork. With so much work to be done, it’s normal to wonder how the average American could possibly manage funding a franchise.
However, if you have the compassion and drive to improve the lives of seniors and secure your own spot in the home care industry, 1Heart has you covered. Not only do we offer a tried-and-true, comprehensive business plan to lead you to financial success once your business with us has opened, but we offer assistance in finding the initial funding for a franchise with us so you can get that first foot in the door.
1Heart Is Your Funding Resource
We understand that most people don’t have the money to cover the cost of a home care franchise readily available, but that doesn’t mean you have to give up on your dreams! Very few businesses have started without some initial loans, and there’s no shame in borrowing money to get your career started. Many franchises have special agreements with lenders that can get their franchisees approved and processed at a faster rate. As your franchisor, 1Heart will be your first resource for discovering lenders.
There are many types of loans you can get to help start your new business. If you have equity in your house, you should have no problem getting a home equity loan. You can also use other types of collateral to get a conventional loan or consider Small Business Administration (SBA) loans which are also commonly used for funding a franchise. Additionally, a retirement fund can be used to acquire stock in your new business. The funding possibilities are available, so if you’re interested in starting a home care franchise with us, make sure you reach out so we can help you navigate the due process of application and approval.
An Exciting Journey Awaits
As an entrepreneur ready to make a difference for seniors, funding a 1Heart franchise will put you on a path to achieving financial freedom as you grow a profitable company in a field that’s in high demand. Support your community and build a business you can be proud of. Explore options for financing your franchise with 1Heart today.