You Might Also Like: Create Wealth Through Franchising
Tom Bilyeu's Impact Theory
Impact Theory
4.7 • 5.1K Ratings
🗓️ 15 April 2024
⏱️ 21 minutes
🧾️ Download transcript
Summary
Introducing Can You Buy a Franchise With No Money Down? from Create Wealth Through Franchising.
Follow the show: Create Wealth Through Franchising
How do you get funding for a franchise business? Two franchise funding EXPERTS share their knowledge and advice.
In this episode of Create Wealth Through Franchising, Franchise Consultant Kim Daly (The Daly Coach) interviews Eric Schechterman of BeneTrends Financial and Shirley Kefgen of FranFund.
My Franchise Consultant services are totally free to you. Let's chat!
✉️ Email me directly at [email protected]
▶️ Subscribe to The Daly Coach YouTube channel at http://kimdaly.tv
#franchising #franchise #franchiseconsultant #franchiseopportunity #businesscoach #mindsetcoach #becomeyourownboss #bossup #beyourownboss #entrepreneurship #createwealth #buildalegacy #investmentopportunity #careertransition #homeservices #smartinvestment #financing #businessfunding #businessfinancing #financing
DISCLAIMER: Please note, this is an independent podcast episode not affiliated with, endorsed by, or produced in conjunction with the host podcast feed or any of its media entities. The views and opinions expressed in this episode are solely those of the creators and guests. For any concerns, please reach out to [email protected].
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You're listening to Create Wealth Through Franchising, and I'm your host, Kim Daly. |
| 0:08.8 | In my 20 years as a franchise consultant, I've helped hundreds of people achieve their dreams of building |
| 0:15.5 | and scaling franchise businesses to create wealth. |
| 0:19.3 | The interview you're about to hear can also be found on my YouTube channel where I post new franchising |
| 0:25.1 | content multiple times per week. Please take a moment to subscribe to the podcast and to |
| 0:30.9 | my YouTube channel at Kim Daily. TV. |
| 0:34.0 | Now enjoy the show. |
| 0:37.0 | Can I buy a business with no money down? If that's a question you're asking, then this is the video for you. |
| 0:48.0 | In the next 10 minutes or so, I'm going to introduce you to a couple of America's top franchise lending resources |
| 0:56.4 | that will explain to you how banks loan money to franchise businesses. |
| 1:02.1 | But before I share that conversation with you, |
| 1:04.8 | I want to share some of the financial qualifications |
| 1:08.3 | that franchisors typically have. |
| 1:11.2 | When you're looking at a franchise business, it's very common to see a liquid capital |
| 1:15.8 | requirement and a net worth requirement. |
| 1:18.7 | This is the capital that the bank probably is going to require you to have in cash. |
| 1:25.0 | And that's why the franchisor is requiring it from you in cash. |
| 1:29.5 | Now, as you're soon going to learn from the financial experts, |
| 1:33.2 | that cash doesn't have to be cash sitting in your bank account |
| 1:38.0 | because there's this thing called the 401k rollover plan |
| 1:42.2 | or the robs, the rollover for business. the that Rob's program allows you to use your 401k without creating a taxable event. |
| 1:57.6 | And that's how most people get their hands on the cash they need to qualify for a franchise even with a loan. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Impact Theory, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Impact Theory and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.