Finding an equipment finance broker for Brisbane based franchise businesses may seem like a challenge, given the numerous options available, but CFI Finance, a leading Australian franchise equipment finance provider is the number one choice, making equipment financing simple and fast.A recent post on Business.com highlighted the importance of finding the right financing option for your dream franchise. The writer discusses the various options available including Small business administration loans, family and friends’ loans, home equity loans and even rollover for business start-ups.The writer suggests asking the following questions before making the choice,
- What is the total cost of financing (including interest rates, fees to secure financing, etc.)?
- What, if any, of my assets are at risk as collateral?
- What are the terms and conditions if I default?
- How will the total and monthly repayment cost work into my current and expected cash flow?
- What is the amortization schedule of the debt? How long do I have to repay the loan? Will my monthly payments or interest rates change over time?