Question 1

What does a franchise funding consultation cost?

Accepted Answer

Your initial consultation is free — no obligation, no pressure. If you decide to move forward, fees depend on the scope of work and services needed to get you qualified and funded.

Question 2

Will checking my franchise funding options hurt my credit score?

Accepted Answer

No. Our initial assessment uses a soft pull which does not impact your credit score in any way. Only when you proceed with an actual loan application would a hard pull occur.

Question 3

What credit score do I need to qualify for franchise financing?

Accepted Answer

Credit requirements vary by funding type. Unsecured credit lines generally need 680+. SBA loans typically require 720+ (banks prefer 720 or better). For 401(k) rollovers (ROBS), there are no credit requirements.

Question 4

How long does the franchise funding process take?

Accepted Answer

It depends on the complexity of your project. Simple deals can fund in as little as 3 weeks. Projects involving construction or special licensing can take several months. Our thorough prep and loan packaging keeps things moving as fast as possible.

Question 5

What is a 401(k)/IRA rollover (ROBS) and is it legal?

Accepted Answer

ROBS (Rollover for Business Startups) is a 100% legal, IRS-approved method that lets you use retirement funds to start or buy a business without early withdrawal penalties or taxes.

Question 6

Can I get franchise funding with bad credit?

Accepted Answer

Yes — we have options for various credit situations. 401(k) rollovers have no credit requirements. We also offer credit improvement guidance.

The Fund My Franchise PodcastInsights From Inside Franchise Funding

The Fund My Franchise Podcast
Insights From Inside Franchise Funding