Franchise Funding 101: How to Finance Your Business the Smart Way

Escape and Empower Podcast with David Greenberg and Peter GilfillanDavid Greenberg and Peter Gilfillan dive into one of the most important topics in franchise ownership: How to fund your business. They are joined by Christine Hansen from FranFund, who shares expert insights on the different ways to finance a franchise—from self-funding and SBA loans to using retirement funds tax-free. If you’re ready to invest in yourself but unsure how to fund it, this episode is for you.In this episode, Dave and Pete discuss:Understanding Franchise Funding OptionsChristine breaks down the four main ways to finance a franchise, including self-funding, retirement rollovers (ROBS), SBA loans, and asset-backed funding.The Power of Using Retirement Funds (ROBS Program)Christine explains how the ROBS program allows franchisees to invest 401(k) or IRA funds tax-free, eliminating debt and giving business owners full control over their financial future.Why SBA Loans Are a Game ChangerNot all banks understand franchise financing. Christine discusses how FranFund’s lender network helps franchisees secure SBA loans faster and with fewer hurdles.Home Equity and Other Asset-Based StrategiesFor candidates with strong home equity or investments, Pete and Dave explore how to leverage assets to fund a franchise without tapping into personal savings.Key Takeaways:Funding Shouldn’t Be a Barrier: There are multiple ways to finance a franchise—find the best fit for your situation.Using Retirement Funds Can Be Smart: The ROBS program allows you to invest in yourself without penalties or taxes.Get Pre-Approved Early: Understanding how much funding you qualify for makes the franchise process smoother.The Right Funding Strategy Helps You Scale: A strong financial plan enables growth and multi-unit expansion."The biggest mistake franchise candidates make? Waiting too long to figure out funding. If you’re serious about owning a business, get the financial piece in place first." — David GreenbergCONNECT WITH PETER GILFILLAN:Website: https://www.hireyourself.com/LinkedIn:https://www.linkedin.com/in/petegilfillan/CONNECT WITH DAVID GREENBERG:Website: https://empoweredfranchisee.com/LinkedIn:https://www.linkedin.com/in/dave-greenberg-entrepreneur/CONNECT WITH PETER GILFILLANMeet with Pete: https://go.hireyourself.com/gilfillan?utm_source=LinkedIn&utm_medium=Social&utm_campaign=IR Website: https://www.hireyourself.com/LinkedIn: https://www.linkedin.com/in/petegilfillan/CONNECT WITH DAVID GREENBERGMeet with Dave: https://calendly.com/empoweredfranchisee/virtual-coffee-with-dave-the-empowered-franchiee-web?utm_source=LinkedIn&utm_medium=Social&utm_campaign=IR Website: https://empoweredfranchisee.com/LinkedIn: https://www.linkedin.com/in/dave-greenberg-entrepreneur/