Best Home Based Franchises

Some people reach retirement age with plenty of energy and desire to keep working. Starting a home-based franchise can be ideal, and Small Business Administration (SBA) financing can make it possible.

Why home-based franchises?

With a franchise, you get help running your own business: the franchisor usually handles marketing, branding, and products, so you can focus on building a local clientele. Franchise financing can also help you transition out of a dead-end job and put strong management skills to work.

SBA loans in brief

SBA 7(a) programs can provide up to $5 million, including revolving lines of credit for up to 10 years. Lenders are not required to take collateral for loans up to $25,000, while loans above $350,000 must be collateralized to the maximum extent possible.

The Veterans Advantage

SBA loans carry reduced fees for veterans. To qualify as veteran-owned, at least 51% of the business must be owned and controlled by an honorably discharged veteran, active-duty military member, service-disabled veteran, reservist, National Guard member, or a current or widowed spouse.

What to look for in a franchise

The best franchises satisfy real needs for products or services, and the SBA tracks which systems have the best loan repayment rates. Popular home-based categories include day care, pet care, customer service, IT support, mobile fitness, and vacation planning.

We can help you build a list of home-based franchises that fit your goals, then pre-qualify you for the financing to launch one.