Find out how 1Heart can help you accomplish your business goals.
After you’ve finally made the decision to take the plunge into franchising, the last thing you want to worry about is how you’re going to get the funding to help it thrive. Money is a tough issue for a lot of us, but it doesn’t have to completely stop anyone from pursuing their dreams. Fortunately, there are a lot of franchise financing options available to anyone willing to dig a little deeper and find a conventional franchise option that’s right for them.
during initial financing. In many cases, a franchisor will be able to offer you franchise financing options for all of your costs including the franchise fees,
equipment, and marketing resources. Some franchises, including 1Heart Franchise, will connect you with financing companies they have agreements with so you
can get approved for your conventional franchise more easily, streamlining the loan process by leaps and bounds.
If you’re still worried about how to finance a franchise, we can set your mind at ease. 1Heart Franchise wants to work with people looking to help seniors live comfortable and fulfilling lives, no matter what their conventional franchise experience or monetary situation may look like. We have an incredible support system and relatively low start-up costs compared to other retail franchises, as well as a caring staff that’s dedicated to your success. Get started today and we will connect you with a trusted lending company. If other financing options have gotten you nowhere, trust the experts at 1Heart Franchise today.
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Frequently Asked Questions
Unlike starting your own homecare business from scratch, the 1Heart Caregiver Services franchise gives you brand recognition and a highly regarded service from your first day in business. We help you with marketing, permitting, and getting your eldercare services noticed.
Depending on your franchise location, the total financing needed ranges from $80,000 and $113,000. This amount includes the initial franchise fee is $45,000. The amount of your investment will be discussed during your application.
Most 1Heart Caregiver Services franchise owners pursue traditional loans through a bank, local credit union, or the Small Business Association (SBA). The rates and qualifications for these financing options will depend on your personal financial history. Franchisees are encouraged to “shop around” for the best rates and terms.
There are many creative ways to raise the funds needed to start a franchise. These include starting a franchise with partners or family members, seeking donations or gifts to raise funds, or consulting with an accountant to create stock options through a C corporation that uses your pre-existing retirement funds.
Yes, we do. The 1Heart Caregiver Services Business Academy is available to all franchisees and offers assistance in obtaining your homecare permits, plus skills and information to help your business grow and succeed.