Cinch IT franchises enjoy relatively low startup costs and low overhead, which makes them much easier to finance than many other franchises. There are many financing options that are available.
Cinch IT will be an approved franchise on the SBA National Registry. The registry offers a list of franchises that have had their Financial Disclosure Documents vetted by the Small Business Administration, and inclusion on the list saves several steps in the SBA lending process, which allows franchisees to access funds more quickly.
Retirement account rollovers
You can use retirement funds penalty-free to start a business, as long as it is done properly. The process involves forming a corporation and a special type of retirement account, then rolling over your old 401(k) or IRA. Cinch IT has relationships with financing companies that can assist in this process.
Home equity loans
Thanks to the housing recovery, which has pushed up the value of homes, many homeowners can utilize the value of their homes to finance a business. A home equity line of credit may be the least expensive way for you to finance your business.