Welcome to FranPro Insights Podcast. If you would like to access our most recent content and to receive updates, you can register here: https://franpro.com/

Contact us here Anything@FranPro.com 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 Dan Pace, founder of First Financial. Dan Pace is an incredible resource for any franchise organization. If you would like to work with Dan you can reach him here: https://Franpro.vip/GoFirstFinancial

One of the topics we cover is "How to identify clients and lenders that typically won't, or don't fund"

Also covered:

• ​People leading with money or life purpose rarely close deals
• ​Lenders look for stability in a client, not just net worth or liquidity
• ​Retail banking focus on deposits & wholesale banks focus on loans
• ​Successful franchise companies have better marketing departments
• ​First Financial offers a credit restoration program for clients
• ​And more

Are you dreaming about owning a franchise but feeling overwhelmed by the funding process? Let's demystify it together with Dan Pace, founder of First Financial. We dive into a candid discussion about finding the perfect franchise, the importance of doing due diligence, and how to become more fundable. This episode is a treasure trove of practical tips and advice for potential franchisees, so strap in for an enlightening conversation!

We unravel the differences between a traditional retail bank and a wholesale lender and give you a clearer understanding of the types of loans they offer. Dan, with his extensive experience in the industry, shares invaluable insights on pre-qualifying potential franchisees, the benefits of research, and why reaching out to the right people is crucial. Additionally, we cover what to do if a retail bank declines your application, a common scenario for startup franchises.

In an intriguing turn, we address the elephant in the room - defaulting on student loans. We explore how this could impact your chances when applying for an SBA loan and how credit restoration companies can help those with bad credit recover. Wrapping up the conversation, we offer advice to brokers and consultants on maximizing their work with franchisees. If you're interested in the franchise industry, this episode is a must-listen!

Contact us at Anything@FranPro.com 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.