Franchise Financing Sources
Home Equity Loan’s remain the most popular source for funding an Initial Franchise Investment.
Additional sources for funding an Initial Franchise Investment include:
- Personal Line of Credit
- RRSP Redemption
- Stock Investment Redemption
The remainder of funding for the Total Franchise Investment can be sourced through most of the 5 major Canadian Banks; TD Canada Trust, RBC, Scotiabank, CIBC and Bank of Montreal. Some Franchises do offer their own financing services and often times they will have a relationship with one of the major banks who understand their franchise concept.The Business Development Bank of Canada is another potential source of financing for your franchise needs