Franchise Financing 101 (+ real estate play): Dan Pace - Your First Franchise

Dan Pace, CEO of First Financial shares your best SBA franchise options to get started quickly.  In addition, he shares how you can leverage real estate should you be looking at a physical location.

Dan shares 3 takeaways on this episode of the Close The Deal Podcast (Your First Franchise Episode):

👉Value Bomb 1: Leverage SBA Loans

Dan highlights the importance of SBA loans for franchisees, especially the Express Loans (up to $150,000, no collateral) and Dream Loans (up to $500,000, flexible terms). These loans provide accessible and secure financing options for new and expanding franchises.

👉Value Bomb 2: The Power of Mentorship

Dan credits his success to mentorship, emphasizing that guidance from experienced entrepreneurs is crucial. He advocates for seeking mentors to navigate business challenges, echoing his own journey and his work with SCORE to mentor new business owners.

👉Value Bomb 3: Own Your Real Estate

Dan advises franchisees to consider purchasing their business property using SBA 504 loans. Owning real estate can lower costs compared to leasing, build equity, and provide additional rental income, making it a strategic investment for long-term financial health.

Considering Your First Franchise, contact Ewell for a free consultation at https://www.yourfirstfranchise.com/contact

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Ewell Smith is the host of Your First Franchise and a certified franchise consultant.

All Your First Franchise Podcast episodes are also featured on the CloseTheDeal.Com Podcast Network.