Everyone dreams of owning their own business, and a WAKA Franchise is the dream for many of our players. One hurdle many potential business owners have is securing the financing needed to launch their new business. To make this process easier, WAKA Franchising has teamed up with the Small Business Administration (SBA) and Franchise Registry.
Guess what’s as awesome as owning a WAKA Kickball franchise? Having the cash to get started!
The SBA is an agency whose purpose is to put entrepreneurs and small businesses in the best position to succeed when pursuing new business ventures. Franchise Registry connects lenders to loan applicants and provides guidance to franchise candidates in an effort to secure the best financing possible for their franchise investment.
Together, these two organizations enable our franchise candidates to receive the best financing possible in the most timely manner. For example, the SBA-Guaranteed Loan Program is a great option for financing for our franchise candidates. This program is structured so that 80% of the loan amount is guaranteed by the SBA, therefore there is less risk for the bank to take on, and thus the franchise candidate can secure a loan with an effective interest rate that is lower than that of a conventional loan, for a longer term (and thus a lower monthly payment), and a lower initial down payment. WAKA has worked with the SBA to ensure that our franchise opportunity meets SBA requirements to qualify for this program, but securing this type of loan is still a long and challenging process, which is where Franchise Registry comes into play. The professionals at Franchise Registry will guide our franchise candidates through every step of the loan process to help them secure an SBA loan in the quickest possible time frame so they can move forward with owning a WAKA Franchise.
If you think the idea of investing in your own WAKA Franchise is a great career opportunity, but don’t have the money to invest, contact us today to learn about all of our financing options, as well as the details and status of the franchise opportunity in your area.
Not quite sure that owning a WAKA Franchise is for you?
We’ve just released an interview with WAKA Franchisee Sean Gaubert from New Orleans. He shares:
1. Why he got started with WAKA
2. Why he loves his job
3. What makes him successful
Listen to our interview with Sean here. If you think you share some of the same characteristics as Sean and want to pursue your own WAKA Franchise contact us today!
Your WAKA Franchising Team