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Are You a Worthy Risk? "Critical Mistakes" Franchisors & Borrowers Make
Welcome to FranPro Insights Podcast. If you would like to access our most recent content and to receive updates, you can register here: https://franpro.com/
Contact us here [email protected] if you:
- Want help finding a franchise
- Would like to be featured on our program
- Would like help producing or want a podcast produced for you
- Are a franchise company and want access to our free ROI Tracker dashboard
In this episode, Lance Hood of FranPro interviews Sherri Seiber, president of FranFund. Sherri Seiber is an incredible resource for any franchise organization. If you would like to work with Sherri you can reach her here: https://Franpro.vip/GoFranFund
A few topics we cover in this call are "The critical "Gotchas" that kill funding" and "How to reach the 98% of people who don't answer their phone."
Also covered:
- Over 96% of FranFund’s business comes from referrals
- Are you a worthy risk? How lenders evaluate your character
- A banker partner can help franchisors build relationships lenders
- And more
What if the key to unlocking the future of your franchise lies in understanding the ins and outs of franchising funding? Hold tight as we sit down with Sherri Sieber, president of Fran Fund, as she spills the secrets of the trade. Sherri Sieber's remarkable journey has seen her transition from a sales and marketing role at Liggett and Myers Tobacco Company to running factories for Motorola, and finally to her current role as the president of Fran Fund. She unravels the complexities of franchising funding, discussing the variety of options from SBA loans to unsecured loans, home equity, and marketable securities.
Transparency, they say, is the currency of trust. And when it comes to transparency with lenders, this couldn't be more accurate. Sherri emphasizes that an accurate franchise disclosure document is not just a nice-to-have, but a must. She expands on why it's crucial for franchisees to be sufficiently capitalized and highlights the value of having a relationship with a bank. Navigating the challenging times of the financial crisis of 2007-08, she shares insights on the significance of collaboration, and how genuine integrity resulted in a sterling reputation for Fran Fund.
Join us on this riveting journey through the world of franchising, an industry Sherri describes as a 'big small town'. You'll learn about the excitement, the sense of community, and the significant contribution the franchising industry brings to the US economy. More so, Sherri explores the benefits of participating in the franchise industry, both from the standpoints of established brands and the new generation of franchisees. This episode is brimming with invaluable advice for business owners and franchisees - a delightful blend of wisdom, experience, and down-to-earth practicality. Buckle up for this enlightening ride!
Contact us at [email protected] if you:
- Want help finding the right franchise for you
- Would like to be featured on our program
- Would like help to produce or want a podcast produced for you
- Are a franchise company and want Free access to our ROI Tracker dashboard
*Some of the companies we interview compensate us a commission if you purchase something.
View all episodes
By Lance HoodWelcome to FranPro Insights Podcast. If you would like to access our most recent content and to receive updates, you can register here: https://franpro.com/
Contact us here [email protected] if you:
- Want help finding a franchise
- Would like to be featured on our program
- Would like help producing or want a podcast produced for you
- Are a franchise company and want access to our free ROI Tracker dashboard
In this episode, Lance Hood of FranPro interviews Sherri Seiber, president of FranFund. Sherri Seiber is an incredible resource for any franchise organization. If you would like to work with Sherri you can reach her here: https://Franpro.vip/GoFranFund
A few topics we cover in this call are "The critical "Gotchas" that kill funding" and "How to reach the 98% of people who don't answer their phone."
Also covered:
- Over 96% of FranFund’s business comes from referrals
- Are you a worthy risk? How lenders evaluate your character
- A banker partner can help franchisors build relationships lenders
- And more
What if the key to unlocking the future of your franchise lies in understanding the ins and outs of franchising funding? Hold tight as we sit down with Sherri Sieber, president of Fran Fund, as she spills the secrets of the trade. Sherri Sieber's remarkable journey has seen her transition from a sales and marketing role at Liggett and Myers Tobacco Company to running factories for Motorola, and finally to her current role as the president of Fran Fund. She unravels the complexities of franchising funding, discussing the variety of options from SBA loans to unsecured loans, home equity, and marketable securities.
Transparency, they say, is the currency of trust. And when it comes to transparency with lenders, this couldn't be more accurate. Sherri emphasizes that an accurate franchise disclosure document is not just a nice-to-have, but a must. She expands on why it's crucial for franchisees to be sufficiently capitalized and highlights the value of having a relationship with a bank. Navigating the challenging times of the financial crisis of 2007-08, she shares insights on the significance of collaboration, and how genuine integrity resulted in a sterling reputation for Fran Fund.
Join us on this riveting journey through the world of franchising, an industry Sherri describes as a 'big small town'. You'll learn about the excitement, the sense of community, and the significant contribution the franchising industry brings to the US economy. More so, Sherri explores the benefits of participating in the franchise industry, both from the standpoints of established brands and the new generation of franchisees. This episode is brimming with invaluable advice for business owners and franchisees - a delightful blend of wisdom, experience, and down-to-earth practicality. Buckle up for this enlightening ride!
Contact us at [email protected] if you:
- Want help finding the right franchise for you
- Would like to be featured on our program
- Would like help to produce or want a podcast produced for you
- Are a franchise company and want Free access to our ROI Tracker dashboard
*Some of the companies we interview compensate us a commission if you purchase something.