Monthly Archives: June 2017

When is it the Right Time to Stack Business Loans?

Apply Securely Online One of the best problems to have as a business owner is that you are growing quicker than expected. Many business owners find themselves in this position and realize that this growth is pushing them towards considering expanding to a new location or making changes to current locations to fit the higher…

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Hidden Costs of Using Personal Collateral for Business Loans

Apply Securely Online Pledging personal assets as collateral is a common requirement for many franchise loans, especially loans that come from a bank traditional bank. Personal collateral could be anything from a home or investment portfolio to a car or piece of equipment that you own personally. Lenders seek personal collateral as security on a loan…

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Term vs. Rate: Which is More Important?

  Loans can be complicated. There are a lot of factors to look at when analyzing a loan offer; the term, rate, payment structure, pre-payment penalties, collateral, etc. In this article, we are going to talk about two of the more common things that successful franchisee’s focus on when evaluating a loan offer. The term…

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How Liquidity Impacts Franchise Growth

Many franchisees wonder how liquidity affects franchise growth. Liquidity, also known as accessibility to cash, plays a key role in your franchise business growth. Most lenders look closely at the franchisee’s liquidity as it is sometimes the most important characteristic they evaluate. When it comes to acquiring financing, liquidity requirements differ based on the lender…

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Fed Funds Rate Increases for Third Consecutive Quarter

  For the third consecutive quarter, the Federal Reserve decided on 6/14/17 to raise its benchmark interest rate, the Federal Funds rate. Many business owners are curious as to how this affects their business and what this means going forward. There are three important takeaways that you should know with regards to how the Fed…

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HCC Welcomes 2017 Summer Interns

We are very excited to announce our new group of 2017 Summer Interns! The interns this year are part of our 5th annual summer internship program and will learn a variety of skills in the finance industry through hands-on experience and training. This summer, we welcome 7 new interns that are all students at the…

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When Should You Open a Second Franchise Location?

  Apply Securely Online Franchisees frequently ask us, “When should I open my second location?” This question is a tough one to answer and has a different answer for every franchisee. However, there is a relatively short checklist that can be used as a framework for deciding when to start looking into purchasing and starting…

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Most Common Ways Business Owners Unknowingly Hurt Their Credit

Apply Securely Online Having a strong credit score is important for countless reasons, but when it comes to your business, there are a select few reasons that are particularly relevant. Having a strong credit score can help lead to financing approvals, better interest rates, better terms, and more flexible programs. Some business owners struggle with…

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