Signarama benefits from franchisees opening new stores, so we want to make it as easy as possible for entrepreneurs to franchise.
In addition to providing assistance through every step of the franchising process, we will also help you secure financing options. When you get in contact with us, we will discuss your specific situation based on your current financial standing, your financial goals, and the opportunities in your area to help you find the financing options that are right for you.
Assistance with Local Funding Opportunities
Different countries, states, and locales may have options available that can help franchisee candidates to gain funds through grants and loans. Our staff can help you locate and apply for these types of funding and financing options. Our staff members may know about options that are difficult to find or exclusive, so we will help you find the assistance that you need. Our staff members will also provide coaching and guidance to help you secure the best deals.
In conjunction with FirstREX, Signarama offers franchisee candidates the opportunity to convert a portion of home equity to cash to assist with business financing. This allows franchisees to obtain funding for opening a sign franchise without additional debt or interest owed. Under the REX agreement, the company will pay the homeowner up to 12.5 percent of the property value. The homeowner is not required to pay monthly payments or interest, but a percentage is due when the home is eventually sold.
Equipment can be expensive and can be difficult for franchisees to afford after coming up with the capital needed to pay franchise fees, secure a location, and obtain initial inventory. Signarama makes it easy for franchisees to finance equipment by partnering with several companies, including the Omni Leasing Company. The Omni Leasing Company offers new Signarama franchisees the option to finance all of the equipment costs with a term lease of 60 months.
Financing Though Signarama
Signarama offers qualified franchisee candidates financing options through the company or certain third-party vendors. Franchisees must come up with the initial franchise fees and show a certain amount of net worth, but Signarama can help with the additional capital needed to get started. Terms may vary according to specific franchisee candidate situations, but Signarama has a vested interest in seeing franchises succeed.
Veterans Support and Assistance
Signarama offers special financing options to returning veterans who would like to work towards opening a sign business through the VetFran program. We believe that Signarama’s rapid training model, scalability, and growth opportunities make Signarama ideal for returning veterans, so we want to help in any way we can. We also offer veterans 10 percent, 25 percent, or 50 percent off of the franchise fees based on years of service.
To learn more about franchising options and the Signarama opportunity, call 866-623-1251 or fill out our contact form.