{"id":4146,"date":"2019-07-16T15:59:54","date_gmt":"2019-07-16T19:59:54","guid":{"rendered":"https:\/\/allegrafranchise.com\/?p=4146"},"modified":"2019-07-16T15:59:54","modified_gmt":"2019-07-16T19:59:54","slug":"how-to-connect-the-financing-dots-to-buy-a-franchise-in-canada","status":"publish","type":"post","link":"https:\/\/www.allegramarketingprint.com\/franchise\/why-allegra\/industry-news\/how-to-connect-the-financing-dots-to-buy-a-franchise-in-canada\/","title":{"rendered":"How to Connect the Financing Dots to Buy a Franchise in Canada"},"content":{"rendered":"

In a recent Franchise Canada<\/em><\/a> magazine article, author Karen Stevens writes: \u201cAfter the initial excitement of learning about the multitude of franchise opportunities out there, it\u2019s important to seriously consider all of the financial details so that you can sign on that dotted line with confidence.\u201d<\/p>\n

 <\/p>\n

When buying a franchise, \u201camong the myriad of questions to consider, how you\u2019re going to finance your franchise is probably at the top of the list,\u201d says Ms. Stevens. In her piece titled, \u201cKnow Your Options When it Comes to Getting a Loan to Start Your Business<\/a>,\u201d she focuses on four funding choices: 1) family members; 2) franchisors that provide loans to franchisees; 3) organizations that nurture entrepreneurship like Futurpreneur Canada<\/a>; and, 4) Canadian government resources including its Canada Small Business Financing Program<\/a>.<\/p>\n

 <\/p>\n

Holly Owens, director of franchise development for the Marketing & Print Division of Alliance Franchise Brands, recommends the article<\/a> for would-be entrepreneurs, \u201cbecause most people have never bought a business before and don\u2019t understand what their options are.\u201d<\/p>\n

 <\/p>\n

In her article<\/a>, Ms. Stevens goes beyond the traditional borrowing from a bank, but it should not be overlooked when considering \u201call of the financial details.\u201d \u201cI typically start talking with franchise prospects fairly early on about making contact either with their local bank or going online and investigating what\u2019s available,\u201d says Holly.<\/p>\n

 <\/p>\n

\u201cWe’ve been in this industry for 40 years and have very good contacts with the Royal Bank of Canada and the Business Development Centre that\u2019s mentioned in the article. We can refer them to the right people so they’re not going in blind. They’ll be talking with people who know what they’re doing and are familiar with our business.\u201d<\/p>\n

 <\/p>\n

In the world of financing, the path to the dotted line isn\u2019t always a straight line. That\u2019s why it\u2019s best to read<\/a> up on your options and to talk to the experts.<\/p>\n","protected":false},"excerpt":{"rendered":"

In a recent Franchise Canada magazine article, author Karen Stevens writes: \u201cAfter the initial excitement of learning about the multitude of franchise opportunities out there, it\u2019s important to seriously consider all of the financial details so that you can sign on that dotted line with confidence.\u201d   When buying a franchise, \u201camong the myriad of…<\/p>\n","protected":false},"author":2,"featured_media":4147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-4146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-franchise-how-to"],"_links":{"self":[{"href":"https:\/\/www.allegramarketingprint.com\/franchise\/wp-json\/wp\/v2\/posts\/4146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.allegramarketingprint.com\/franchise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.allegramarketingprint.com\/franchise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.allegramarketingprint.com\/franchise\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.allegramarketingprint.com\/franchise\/wp-json\/wp\/v2\/comments?post=4146"}],"version-history":[{"count":0,"href":"https:\/\/www.allegramarketingprint.com\/franchise\/wp-json\/wp\/v2\/posts\/4146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.allegramarketingprint.com\/franchise\/wp-json\/wp\/v2\/media\/4147"}],"wp:attachment":[{"href":"https:\/\/www.allegramarketingprint.com\/franchise\/wp-json\/wp\/v2\/media?parent=4146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.allegramarketingprint.com\/franchise\/wp-json\/wp\/v2\/categories?post=4146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.allegramarketingprint.com\/franchise\/wp-json\/wp\/v2\/tags?post=4146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}