Better loan conditions in franchise business
When a person starts his own business trying to realize the dream of the whole life usually it has little in common with a franchise business. I mean that in most cases people don’t dream about buying somebody’s idea but want to do something invented personally. So in this situation the prospective businessman usually follows these steps (generalized plan):
1. Create a business plan (including all necessary pre-researches)
2. Calculate the necessary investment
3. Evaluate personal savings
4. Turn for a credit
5. Start a company
But when you are buying a franchise you may have two variants of behavior to choose from. Just think this over! If you don’t have a special franchise preference (maybe your friend’s or your relative’s one) you can choose an idea that has the best opportunities to get external financing. In this case your strategy can be something like this:
1. Compare different credit programs (provided by banks, business associations, other financial institutions) and write the list of eligibility criteria.
2. Choose the franchise idea according to those eligibility criteria.
3. Create a business plan (including all necessary pre-researches)
4. Turn for a credit
5. Start a company
As I understand in the second variant you have much better opportunities to be financed externally, to start your business faster and to take a loan with lower interest rate and better other conditions. It seems for me that it’s worth of it. 
