Vendors can pave the way to growth

Article Abstract:

Credit plans with companies from which they buy supplies is one way for small firms who are low on capital, to grow and thrive. There are several options used in vendor financing. In cooperative advertising, vendors will share advertising costs if the firm mentions the vendor's name in the ads.

Innovations, Small business, Contracts, Industrial suppliers, Vendors and purchasers (Law)

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Visiting a loan officer? Be prepared

Article Abstract:

Most bankers wish to see a defined business plan when prospective franchise owners apply for loans. They also want detailed information on the franchise, a personal assessment of finances, and a forecast of when the franchise will start to profit. A list of franchise lenders is provided.

Beliefs, opinions and attitudes, Bankers

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What franchisors look for

Article Abstract:

Franchisors feel that multiple-unit franchisees, those who own more than one franchise, should be financially competent. Other requirements vary from having a business or industry-specific background to being able to hire and train employees well.

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