We know that for many, it can be difficult to provide up-front 100 percent of the investment costs needed to start and operate a franchise.
At Fully Promoted, we’re committed to growing the brand with the help of qualified, determined franchisees. That’s why we’ll work with you to help explore financing options to help you get started with your own Fully Promoted franchise location. Financing options will depend on a number of factors, such as current finances, financial goals, and area opportunities.
Local Funding Opportunities
Depending on the country, states, and locale in which you plan to operate your Fully Promoted franchise, there may be certain opportunities to help franchisee candidates acquire financial backing. There are available programs that may offer loans and grants, provided that candidates meet certain requirements that are dictated by financial backers. We can help you to locate these opportunities while providing coaching and guidance to ensure that you’re pursuing the best ones.
Home Equity with the REX Agreement
In 2013, we began implementing a program in conjunction with FirstREX that allows franchisees to turn their home equity into business equity. The REX Agreement allows homeowners to turn part of their home equity into cash, so that they can invest in their Fully Promoted business without acquiring additional debt.
Under the agreement, FirstREX will make an equity investment into an individual residential property and pay the homeowner up to 12.5 percent of the home’s value. The homeowner pays no interest or payments to FirstREX. Instead, the company will make its return on investment when the home is sold, up to 30 years after the agreement is made. To learn more about the agreement, call us today.
Equipment and Brand Financing
We have several financing partners, including the Omni Leasing Company, that offer opportunities to help our franchisees finance their equipment. Additionally, franchisees may also seek certain financing opportunities through Fully Promoted or other third-party financing vendors. Opportunities will depend on each franchisee’s specific circumstances, so please contact us directly to discuss your options.
VetFran for Veterans
We have the utmost respect for the men and women who have served in the military. We’re committed to helping our veterans succeed as franchisees after their service comes to an end. That’s why we offer special discounts and financing offers to veterans. Depending on the duration of service, veterans will receive up to 10 percent off their franchise fee. Additionally, our VetFran program helps to provide special financing options for veterans.