Do VC’s fund franchises?
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@ScottAdamsSays I’m an Aussie! But I think that will be the route we take. Thank you.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Also - try getting an EIDL loan (you can do it directly from the SBA website) Due to COVID-19 (and until December 30th 2020), you can get a 30-year loan for a 3.75% interest rate (which is a GREAT deal) usually for an amount equal to 50% of your annual net revenues.
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Thank you for this advice. But we are in Australia. However I think there are some similar options.
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I do books for a living and I can tell you I have seen many SBA Loans come through especially around May.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Be careful taking out loans on a franchise. The profit margins are slim.
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Depends on the business. But also — profit margins only stay slim if you don’t have a way to build additional revenue. We do!
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