Franchise loan proceeds can typically be used for all the major expenses involved in starting or running your franchise. This includes: franchise license fees, location costs (like leasing a storefront or building and doing construction build-out), equipment and machinery, inventory stock, working capital to cover payroll/operational expenses until the business breaks even, marketing and grand opening expenses, and even refinancing existing business debt. Different loan types have different rules (for example, SBA 7(a) loans are very flexible on use of funds, whereas an equipment loan must be used to buy equipment). We’ll ensure your loan covers everything you need and complies with the lender’s guidelines.