Best Home Based Franchises

Some people reach the retirement age, but still have plenty of pep, energy, and desire to work. Starting home based franchises might be ideal for a number of reasons. Learn how Small Business Administration (SBA) financing can make your dreams come true.

Why Home Based Franchises?

Retirement is perfect for some, but might not be right for you. With franchises, you can get some help running your own business. There is special SBA financing for veterans as well. Franchise financing can help you transition from a dead-end job. You might have developed some very strong management skills and wondered how to use them. A small business franchise from home could keep you busy.

Small Business Administration Loans

How much money is available from Small Business Administration (7a) programs? SBA Financing might provide you with up to $5 million. These loans provide you with a revolving line of credit for up to 10 years. With SBA Financing, lenders are not required to take any collateral from you for loans up to $25,000. For loans above $350,000, the SBA requires financial institutions to collateralize the loan to the maximum extent.

Veterans Advantage

There are reduced fees for SBA loans to 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, active National Guard member or current spouse (or widowed spouse). Ask about the Veterans Advantage program for more information.

Best Small Business Franchises

Two-thirds of employment is provided by small businesses. These are the backbone of the nation. When you think about small business franchises, you might not think of Buffalo Wild Wings, Little Caesar’s, Wendy’s, H&R Block and Merry Maids, but these are all small business franchises.

Unfortunately, large banks are less likely to provide loans to these small companies. The international financial institutions prefer to lend to multinational corporations with a long history in business. The SBA provides people with a way to start their own home based franchises.

In 2017, the Small Business Administration provided 4,944 microloans to small businesses. The nice thing about franchises is that you have plenty of help. They will usually be in charge of marketing, branding, and products, so, you can focus on building up a local clientele.

What to Look for in Franchises

What should you look for in a franchise when you want to work from home? Of course, it all depends on your personal characteristics. Retired veterans might have different requirements than a working mom. Usually, when you are near retirement age, you are mature and want to work with an established franchise. You know how to organize personnel and you might not want to work with a questionable franchise. The Small Business Administration keeps track of which franchises have the best loan repayment rates. SBA financing can help you work from home while joining one of the best franchises. It’s important to keep in mind that the best franchises satisfy important needs for products or services.

We can help provide you with a list of home-based franchises that might be right for you. Within these industry categories, there are a number of franchises to choose from:

Day Care
Pet Care
Customer Service Representative
Information Technology (IT)
Mobile Gym Care
Vacation Planners

You can set up your home and yard for taking care of children. There are more mothers in the workforce, so this might be a very good time to join a daycare franchise. Dog walking or grooming services can help busy individuals. You might have seen people late at night walking their dog because they were working all day. You can walk people’s dogs during the day.

If you have a pleasant personality, answer phones. Nobody needs to know your location. Set your own hours. The vast majority of computer problems can be fixed easily. There is also technology where you can tap into a computer remotely. IT technicians can work from home. Why not transform that strong body and work ethic that you gained in the service into being a personal trainer? You can help plan a wedding or vacation from your home. Event planning services are good for those with solid organizational skills.

SBA Loan Program Assistance

Sometimes, starting your own franchise can be a bit daunting. If you need assistance, we can help you with SBA franchise financing. We offer free pre-assessment and consultation to help you determine if this is the right path for you. The best franchises will help you run the business, which can be very helpful. You can concentrate on your core competency. The SBA (7a) Loan program can help you create more jobs providing great products or services to the community.