A funding primer for previous armed forces personnel.
By Ronald A. Feldman, CFE
When contemplating finance choices for a franchise possibility, the strategy that is best for armed forces veterans will be first take an individual inventory of one’s resources before carefully deciding on one course or any other.
Being a veteran, you have got some additional alternatives for funding a franchise opportunity that is new. The most useful one can come directly through the franchisor of this brand name you select. Today, almost 400 franchise brands are users of the Global Franchise AssociationвЂ™s Veterans Franchise Transition Initiative, more often called вЂњVetFran.вЂќ This system is favored by veterans wanting to become smallbusiness owners. Since 2002, significantly more than 1,700 veterans took advantage of the system to participate the ranks of franchisees.
The participating IFA-member franchise systems voluntarily consent to provide incentives, discounts along with other creative finance items to honorably-discharged U.S. veterans and several people in the associationвЂ™s Supplier Forum additionally take part in VetFran by waiving or reducing charges with regards to their services. I will be proud to state that my business, Siegel Financial Group, happens to be and can remain a supporter of program. To look at the menu of individuals and also the incentives they offer, look at the вЂњBusinesses for VeteransвЂќ section of IFAвЂ™s webpage, www.franchise.org .