How do they fund this? What's their goal? What is the goal? How do you set them up for being able to do this?
So now we're talking about someone who is starting up not someone who already has the finances or the other businesses.
How do they fund this?
Two different ways.
Your own money or other people's money.
So if you use your own. Yeah, basically, basically simple. Your own money. IRA, 401k from a previous employer.
Roll it over into a self-directed fund.
You're using your own money for that. We have people that'll do that for you.
You don't need to worry about anything like that. They keep you in compliance with the IRS.
That's what I did to fund my business. I used my own money. Did a 401k roll over into self-directed plan. Never go into debt.
You're good. All sorts of benefits. You just got to realize that you're using your retirement money and you got to be okay with that.
Yes. Personal decision. Yes. The other way other people's money.
Simple. SBA loans probably the biggest way to go on that.
When you're looking at a brick and mortar.
Javonki, you know, we drive around. We see the same business. We see businesses out there all the time. McDonald's, Taco Bell, Mining Key, you know, Mako.
Those are brick and mortar. Those are going to be $250,000, $300,000 on that.
So with an SBA loan, you'll go a 7A route. You'll put about 20% down.
Okay. Services industry. Smaller investment. $150,000, give or take. You'll go with an SBA express loan. You put down $20,000. They put down the rest.
Now, who are they? They're the people that I work with on a regular basis who fund franchises on a regular basis. Funding a franchise is simple and easy.
On that because they've got that proven track record of success. So the people that I work with, the funding people, nothing to funding a franchise.
It just comes down to your credit on that. Your credit score. And as long as your net worth matches what that franchise is looking for, net worth or lower on that, we're good to go.