Small business financing company Guidant Financial reports that 2019 is a great year for franchises. A survey reveals franchise owners are 28% less likely to consider cash a major operational challenge than independent business owners.
BELLEVUE, Wash., Sept. 17, 2019 /PRNewswire-PRWeb/ -- 2019 is a great year for franchises, with franchise owners reporting high levels of happiness and a YOY increase in the likelihood of profitability, according to findings from the latest Small Business Trends survey. Small business financing company Guidant Financial also reports that the survey revealed franchise owners are 28% less likely to consider cash a major operational challenge than independent business owners.
With Entrepreneur Magazine selecting Guidant Financial for its Top Franchise Suppliers award for the second year in a row, Guidant is proud to have contributed to 2019's franchise success. Winners of this award are selected based on a survey of over 500 franchisors.
"We are honored by the recognition,'" says David Nilssen, CEO of Guidant Financial. "Guidant has developed wonderful relationships with franchisors across the country, and we're proud of the success we've seen helping their franchisees access capital."
With the Federal Reserve recently cutting rates by a substantial quarter-point (the first cut since 2008), loan interest rates are dropping. Programs with already attractive rates, such as an SBA 7(a) loan, now have lower interest rates than have been seen in at least ten months. And with recent adjustments to the SBA's size standards, it's estimated that almost 90,000 more businesses can gain small business status – which means more small business loans – to the tune of nearly $65 million. Along with the results of the Small Business Trend's survey insights, these signs all point to 2019 as a particularly advantageous time to secure financing to fund a franchise purchase.
More information can be found at https://www.guidantfinancial.com/blog/2019-year-of-the-franchise/.
About Guidant Financial
Headquartered in Bellevue, WA Guidant Financial helps business owners secure financing to start, buy or grow a business. An industry leader in business and franchise financing, Guidant works with new and existing entrepreneurs to identify, evaluate and deploy customized financing solutions. Their services include, but are not limited to, 401(k) business funding, SBA loans, unsecured credit, and portfolio loans. In total, Guidant has helped over 20,000 entrepreneurs in all 50 states to invest more than $4 billion in funds to start small businesses, resulting in more than 85,000 U.S. jobs created. Visit Guidant on the web at guidantfinancial.com.