July 2, 2008
How do I Obtain Capital to Build a 7 Eleven Franchise Outlet?
As with any other type of business, you may need to begin with an application to the Small Business Administration. If you are able to gain their backing, it may make it easier for a local bank to approve your loan. In addition, you will also need to show the bank the property and location that you have in mind for your 7 eleven franchise store. Unfortunately, as credit becomes harder to obtain, you may not be able to get the loan money that you need. That said, even if a local bank turns you down, you may want to look for a venture capitalist. While they may charge higher interest rates and offer shorter loan periods, at least you will be able to start your business.