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    2 Replies Latest reply on Jul 26, 2008 11:13 AM by hcker99

    Need $35k to purchase a franchise

    hcker99 Newbie
      Hello

      My name is Mark Schultz and I'm looking into buying a Fast-Teks franchise. The business is an onsite computer repair and consulting franchise with a proven record. I have a business plan along with a financial forecast for the next 12 months. I've even had 3 different SCORE offices look at my business plan to give me ideas to improve it and they were all very impressed by it. My credit is between 640-680. I will be putting $10k of my own money into this business. The problem is I still need $35k. The problem i also have is I have no collateral, my wife and i rent an apt., we lease our cars, so there's really nothing i can put up for collateral.

       

      Any suggestions of how to finance this venture?

      Thanks
      Mark S