Your Experience can pay dividends

Batteries Plus Franchise Financing Program

The Batteries Plus franchise financing program is geared towards helping prospective business owners identify the best solutions for their needs while connecting with franchise finance lenders.
*Batteries Plus doesn’t offer financing directly, our 30+ years of experience give us unique insight into ways to secure funding.

Franchise Financing Options:

Franchise Customer Base

Franchise Financing Lenders

Batteries Plus has well-established relationships with franchise finance lenders that provide the help new business owners need when getting a loan to open a franchise. The lenders on our list are already familiar with our business model, making the process a lot smoother.

Franchise Single vs. Multi-units

Small Business Administration (SBA) Lenders

The SBA is an excellent resource for learning more about franchise loan requirements. We have been an SBA-approved business since 2008; find us on the SBA registry at www.sba.gov.

Franchise Location

Convertible Loans

If you own real estate that has appreciated, you can tap into your home equity to help you get a business loan to open a franchise. A home equity loan is often easier to obtain than a franchise loan and could carry a lower interest rate.

Franchise Marketing Plan

Partnerships

Entrepreneurs sometimes go into business together, combining their financial resources and skill-sets. This approach can make it easier getting a loan to open a franchise.

Establish a strong franchise brand

Home Equity Loans

If you own real estate that has appreciated, you can tap into your home equity to help you get a business loan to open a franchise. A home equity loan is often easier to obtain than a franchise loan and could carry a lower interest rate.

Leveraging Retirement Funds as Financing Options

Leveraging Retirement Funds

Many retirement funds can legally be used to finance a franchise. In order to avoid triggering early withdrawal tax penalties, it’s important to consult with a professional.

3 Things to Know When
Getting a Loan to Open a Franchise

Even if it seems you have enough capital to cover the investment, it’s a good idea to have some extra on-hand to cover any unexpected costs that may arise and to ensure you can nurture your business in its early days. The Batteries Plus tech franchise financing program will take your unique circumstances into account to provide you with funding options. There are lots of ways some extra capital could come in handy!
Franchise Unexpected Costs

Franchise Financing can have unexpected costs

These are less likely to arise when you partner with Batteries Plus, but no one can predict the future – you might run into obstacles, so having some extra cash on hand could be helpful.

Franchise Early Expenses

Covering Early Expenses When Getting a Loan to Open a Franchise

Before your business has a well-established customer base, you’ll still have expenses to cover (e.g., utilities, lease, salaries, and so forth).

Franchise Grand Opening Promotions

Franchise Grand Opening Promotions

Marketing costs are built into the initial investment, but you might find that going above and beyond could lead to stronger returns.

Franchise Financing Questions

You can find all answers here if you need them
How much does it cost to open a Batteries Plus franchise?
We estimate that the initial investment will run from $246,918 – $498,419. While we don’t offer financing, we can help our franchisees connect with SBA lenders and other relevant contacts. Learn More
How much is the Batteries Plus franchise fee?

The initial franchise fee is $49,500, which is included in your initial investment. There are discounts on the franchise fee to qualified veterans and first responders, as well as multi-unit investors. We also now have discounts for historically underrepresented groups (such as minority candidates or LGBTQ+ candidates)

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Are there available territories near me?

Batteries Plus is currently looking to open new locations in all 50 states. We’re especially interested in opening locations in states including California, Pennsylvania, New York, and Massachusetts.

What experience do I need to become a franchisee?

You don’t need any specialized experience to open a Batteries Plus. If you’re dedicated to mastering our system and ready to make the investment, there’s a good chance you’re qualified to join our team.

What kind of franchise support should I expect?

Our franchisees can look forward to receiving comprehensive support throughout the life of their business. Not only does our team continually look for ways to simplify operations, but we also invest in research and development to ensure our franchisees are offering the products and services their community needs. Ongoing training via business coaching and our online system gives you valuable tools to keep your business running smoothly.

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charge into your future

Contact Batteries Plus today to take advantage of the tech franchise financing program and start building your new business.

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