Posts Tagged ‘ collateral ’

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I am a Filipino (hopefully looking for answers from any other filipino experianced in this matter) looking to either obtain a small business loan, state, government, or privatized funded grant, or other acquirable capital to buy into a small business that is essentially a franchise.

Not like a restaurant but a service company requiring ,000 capital for the equipment purchase. I would also need an additional -50,000 for overhead (building lease, advertising, uniforms, etc.).

I live in Texas if that is relevent. I do not have any of my own capital and or collateral. I rent my home and only have a vehicle paid off. I have dark brown curly hair, enjoy strolls on the beach and like to karoake……whoa, ok, now I’m going off on a tangent.

Anyways, any information would be greatly appreciated. And as I do on other questions, smart alecky remarks will be welcome as well….

~jaz~

What are the universal No No’s when buying a restaurant franchise? I am interested in being a business owner. I am tired of making my employer rich. I only have a first mortgage on my home – can that home still be used as collateral with a first mortg. on it? There is about K equity in the home currently. Or do I pull cash out of the home (refi) for business start up $ What is the best fast food restaurant franchise to buy? Please inform.