Your Path to Franchise Ownership Starts Here
Owning a Lapels Franchise is an exciting opportunity, but financing can sometimes feel like a hurdle. The good news? There are multiple funding options available to help you bring your dream to life.
SBA Loans: The Small Business Administration (SBA) offers loan programs designed specifically for franchisees, often with lower down payments and favorable terms.
Rollover Business Startup Plan: A tax-advantaged way to use retirement funds to start a business.
Franchise-Specific Lenders: Many lenders specialize in franchise financing, recognizing the stability and success of established brands like Lapels.
Equipment & Alternative Financing: From leasing options to working capital loans, there are flexible ways to secure the funding you need.
We will connect you with lending resources who will help you assess your financial readiness to invest in a franchise!
How to Prepare for a Strong Loan Application:
Build a Solid Business Plan: Lenders want to see clear financial projections and a well-structured plan.
Strengthen Your Credit Profile: A higher credit score can lead to better loan terms.
Improve your debt-to-income ratio by paying off your credit balances.
Grow your net worth by increasing your assets and decreasing your debt.
Leverage the Brand’s Reputation: Lapels’ proven model makes financing easier—use it to your advantage when talking to lenders.
Ready to take the next step? We’re here to help guide you through the process.