Thinking of Business Franchising? Start with Small Business Funding with eMerchantBroker

Jun 05, 2014
franchise

If you are looking for a new investment consider a franchise. Franchise opportunities are everywhere from your neighborhood McDonalds to Subway. A franchise is a business model that is easy to follow, even for first time business owners.

A franchise actually offers many benefits including ongoing support and assistance from the parent company which might include marketing, technical assistance and sourcing. A franchisee isn’t totally reliant on the brand and parent company though and it takes a lot of effort to make the business a success.

There are many franchises around the world. A franchise is a business system where a private entrepreneur purchases the rights to open and run a location of a parent company. The franchiser and franchisee have a contractual agreement that explains the operating regulations as set by the franchising company.

Like any business a franchise has its positive and negative points. Benefits include lower failure rates, brand recognition, and a training and support system from the parent company. Disadvantages include the initial start up cost to buy the rights of operation and limiting franchiser contracts.

The Franchise Business Review, a franchise market research company, came up with a list annual franchisee satisfaction survey that polled more than 400 companies.

Senior care businesses were among the most satisfying and highly ranked companies on the survey. With the American population set to double its already large percent of seniors by 2030 it is a business that has a constant need but also that is rewarding. From fitness to gardening and retail shops there are many ways to franchise.

A franchise is a relatively simple way to start a new business. Start up costs vary, as do requirements and territories. Small business funding is key to beginning any business, a franchise included. There are many ways to obtain small business funding including borrowing funds from a bank or financial institution or selling ownership interests in exchange for capital (equity financing).

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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