Dan Pace shares your top SBA financing options to get started fast. He also shares how to leverage real estate when considering a physical franchise location.

Dan shares 3 takeaways on Your First Franchise: 

👉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.

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