In-house financing makes a low cost franchise even more affordable
WIN offers financing options to certain franchise candidates, which makes it easier to get started with our low cost franchise. We know our system works and has been successful for nearly 25 years, and we also know that bank lending can be a difficult process. That’s why we put our own money on the table to help people start their businesses. If you meet WIN’s credit standards, which include a credit score of at least 650, WIN may finance up to 50% of your franchise fee at an interest rate of 8% per year.
Other common sources of startup capital include:
Home equity loans: If you own a home and it’s worth more than you paid, you can likely tap into your equity to secure a loan at a good interest rate.
401(k) and other retirement funds: It’s possible to use your retirement funds to start a business without incurring any penalties for early withdrawal. The key is to roll over the money into a specific type of account that can be used to fund your business. We recommend consulting with an accountant, and we can also direct you to 401(k) loan providers.
SBA loans: Stringent lending and documentation requirements can make the SBA loan approval process quite lengthy — expect approval to take months, not weeks.
Bank loans through BoeFly: Even though traditional bank lending has gotten tougher to obtain, there are still banks ready to lend — it’s just a matter of helping you find them, and helping them find you. To help make the connection, WIN Home Inspection has partnered with BoeFly.com, an online marketplace that matches loan applications against more than 3,600 lenders nationwide. Banks then compete to win your business.
Learn more about WIN Home Inspection
Download our free franchise report or fill out the form on this page to start a conversation with us and further discuss financing for our low cost franchise. You can also continue exploring the site to learn more.
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