Avoid the Predictable Steps to Being "Denied"

26/12/2023 20 min Temporada 2 Episodio 18
Avoid the Predictable Steps to Being "Denied"

Listen "Avoid the Predictable Steps to Being "Denied""

Episode Synopsis

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 [email protected] if you:Want help finding a franchise Would like to be featured on our programWould like help producing or want a podcast produced for youAre a franchise company and want access to our free ROI Tracker dashboardIn this episode, Lance Hood of FranPro interviews Sam Phelps, director of development at Tenet Financial Group. Sam Phelps is an incredible resource for any franchise organization. If you would like to work with Sam Phelps you can reach him here: https://Franpro.vip/GoTenetOn this call: "Predictable Steps for Funding Your Business" and "Reducing the Likelihood You Will Run Out of Cash or Be Denied."Also covered:​Wide variety of debt options, including SBA and unsecured loans​Selling your story is the biggest factor in getting a franchise loan​Consistent communication is key to getting loans done on time​FDD accuracy and performance crucial for funding approval​Ensure that you're well capitalized to cover unexpected expenses​And moreEver wondered how to navigate the world of financial consulting and funding? Our guest for today's episode, Sam Phelps, Director of Development for Tenant Financial Group, shares his journey from banking to consultancy, giving us a glimpse into the inner workings of a company that provides everything from 401k plans to equipment funding. Sam, a recovering banker, highlights the importance of understanding the client's needs and offering solutions that speak to those needs.In our in-depth conversation, Sam offers a treasure trove of advice for franchise companies and lenders, emphasizing the need for a compelling background story when applying for loans. He explores how technology and automation can ease the stress of running a business, while underlining the importance of communication and capital. Furthermore, he stresses the value of starting with a strong team to avoid unnecessary mistakes. Whether you're curious about financial consulting or seeking funding for your own business, this episode is packed with insights and tips you don't want to miss!Contact us at [email protected] 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.