financing.htm

Financing is the life blood of any growing business. The Premier Companies can help guide you towards lending institutions who are eager to lend money to well managed businesses in the lease-to-own used vehicle industry.

If you are a start-up business, Premier can share with you the business plans and projections that have worked for our current franchisees in our various companies. Each franchisee is also always willing to share his or her experience on a one-on-one basis with a new franchisee to help them make the right choices for their business needs. Some have obtained federal SBA (Small Business Administration) guaranteed loans which help with new business startups. Others have obtained financing from more traditional lenders and equity partners. Working together as a group, we are better able to keep in touch with the different options as the financing industry changes.

	*1. SBA Guaranteed Loans*
	*2. Help you with your bank*

1. Premier can help experienced business operators obtain SBA guaranteed loans from your local bank. Many of the seasoned rental-purchase and/or used car lot operators who contact Premier do not have the personal financial status most banks require without receiving additional financial support. As a result, Premier and its financial consultants can develop a comprehensive loan package that will help you obtain SBA guaranteed loans from your local bank. Between Premier and our financial consultants, we can help you determine the best way to obtain the financing you need to start your business.

2. Premier can help you with your own bank. Most banks are very cautious of start-up companies. The failure rate of independent start-up companies in the first 5 years is around 90%. On the other hand, new businesses that join into an established franchise organization historically have a 90% success rate in the first 5 years. This rightfully constitutes a huge difference in the mind of a banker. When the time comes for your banker to be convinced you have a good business plan and the bank's investment is a good one, The Premier Companies can get involved. We can help demonstrate to your bank that they are making a good decision in you and in a Premier Rent 'N Ride franchise.

Please contact us if you believe Premier can help you with either of these options. The quickest way to start the process is to complete our online Franchise Inquiry Form. Once we receive the information, we can begin to help you achieve your dream of owning a Premier Rent ‘N Ride franchise store.