There are many financing options available to you. Here are a few that we know others have used successfully. As always, we are here to help so if you have any questions about your specific situation, please contact us.
Small Business Administration (SBA) Loans
The U.S. Small Business Administration (SBA) has delivered millions of loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses. Sparkle Wash has successfully worked with the SBA to finance deals over the years.
401(k) or IRA
Using your retirement fund is another way to fund a business. A common concern is that steep financial penalties will be incurred. This is not the case if you file correctly. By creating a C corporation, a corporate retirement account and moving corporate stocks, you can, in effect, loan money to yourself.
Home Refinance or Equity Line of Credit
With interest rates at an all-time low and the housing market on the rebound, you might have more equity in your home than you think. Securing a line of credit for your business is a nice safety net for a long-term investment.
Ford Motor Credit
Based on our long-standing relationship, Ford Motor Credit offers a special vehicle and equipment financing package to qualified Sparkle Wash power washing franchisees. This program allows you to obtain the financing you need all in one place.
BIZ Finance Solutions