All stories are real, as told by real business owners, with individual experiences that may vary. Customers do not receive monetary compensation for telling their stories.

Franchise Owner Expands Business Nationally with a Secured Line of Credit


An entrepreneur owns and operates 10 franchises in New York with total annual revenues for 2007 around $25 million. The franchisee is looking to expand nationally.

The Need

The small business owner needs money quickly and at a low rate to open a new store and purchase equipment for existing operations.

Financing Solution

After reviewing the business and personal financials of the entrepreneur, Biz2Credit recommended taking a secured a line of credit against the strength of an existing store and the personal credit and net worth of the owner. A line of credit gave the franchisee the flexibility to use the money at any time, and not worry about incurring interest on the unused loan portion.

Biz2credit located a secured line of credit, specifically geared for business owners that own multiple S corps and that do not want to use the company to raise capital.


  • Received a line of credit of $400,000 within 15 days
  • Line provided at Prime rate


  • Additional working capital to expand and renovate the existing store
  • Financing to open a new store
  • Retirement of expensive debt

Read on for more information on how to get into the franchise business.

Franchise Owner received a line of credit of $400,000 within 15 days