Personal Net Worth

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Pages: 2

The amount of personal net worth is vital to the ability of a potential owner of a franchise being able to secure the proper amount of financing required to begin the process of opening a franchise. The following three reasons are the basis why a specific level of personal net worth is required to by the Franchisor and/or debt or equity providers:
1.The ability to pay back the loan: Without a certain level of net worth the lender would be uncomfortable providing the franchisee with a loan the exceeds their personal ability to pay it back in a timely and consistent manner. Therefore, the majority of lenders require the borrowers to meet certain baseline in order to qualify for the loan.
2.The ability to hold without steady employment, wealthy

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