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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 Sam Phelps, director of development for Tenet Financial Group.  Sam Phelps is an incredible resource for any franchise organization. If you would like to work with Sam you can reach him here: https://Franpro.vip/GoTenet

Tenet Financial Group provides various funding services including business startup and SBA loans with different timelines for document filing and funds transfer. Success requires a clear plan and demonstrated cash flow.

Covered in this call:

• ​Offers rollover business startup, SBA funding, & various services
• ​​Rob's program: 4-5 weeks for document filing and funds transfer
• ​​SBA loans: 30-45 days for small, up to 75 days for large projects
• ​​Success requires clear plan & demonstrated cash flow
• ​​Obtain life insurance, permits, and documentation early

Imagine unlocking the secrets of successful business funding, and understanding the intricacies of various loans, right from the comfort of your home. That's exactly what's in store for you as we sit down with Sam Phelps of Tenant Financial Group, a company that places client satisfaction above everything else. We delve into the world of ROBS, SBA funding, and equipment leasing and explore how Tenant Financial Group has been helping small businesses navigate the challenges they often face when seeking funding.

As we move further into this enlightening conversation, we shine a spotlight on the process of securing business loans. We unravel the importance of having sufficient working capital and guide you through the journey from loan initiation to closure. Sam helps us understand the timelines involved in the ROBS program and the SBA loan process and highlights the need to kick-start the process early. You'll gather nuggets on how securing life insurance, proactive communication with landlords or contractors, and diligent adherence to your lending company's checklist can smoothen your loan acquisition journey.

In the final stretch of our discourse, we uncover the importance of communication and life insurance in franchising. Sam draws from his profound experience and sheds light on the common pitfalls that borrowers, franchisees, and brokers encounter and how open communication can help avoid them. Wrapping up, Sam shares invaluable advice for anyone stepping into the world of business startups. He underscores the importance of having the right working capital and life insurance, making this episode an absolute goldmine of insights. So, plug in your headphones and get ready for an enlightening journey into the world of business funding with us and Sam Phelps. Let's unravel the mysteries of business loans together!

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.