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5 Ways To Finance The Startup Costs of An Ark Franchise

September 21st, 2018

You love the idea of owning your own business, being your own boss, you love pets, and you love The Ark Pet Spa & Hotel franchise concept… now what? How can you pay for the start up costs? The vast majority of potential franchise owners will need to finance some portion of the startup cost. We suggest these five ways to seek funding for your new Ark franchise!

Conventional Bank or Credit Unions

Most conventional banks will see a potential franchise owner as a “start up”, but having the ability to show The Ark’s track record over 12 years will only help your case. It is important to remember that banks are investing in the business concept and the franchise owner. Be prepared, and present yourself well with a developed business plan, proof of performance documents, projections, and determine if you can put additional liquid capital down. Most banks will required you to place a minimum of 15%-20% down on a business loan, but the more cash you can put down the better.

Small Business Association (SBA)

The SBA is a great resource for future franchise owners. Several criteria have to be met before securing an SBA loan, but these loans offer smaller down payments and longer repayment terms than conventional bank loans which is great for those just starting out with a new business venture. You can even secure a SBA loan and a conventional loan if needed. One of the most common SBA loans is the 7(a) Community Advantage Loan. These loans range between $50,000 and $250,000 and only require a min.10% down. We recommended checking with your bank to see if they have a SBA program. The Ark Pet Spa & Hotel is listed on the SBA's preferred franchisor directory, which will speed up the time it will take to acquire your SBA loan!


Not quite liquid enough to open an Ark on your own? It may take two people to make your franchise dreams come true. A trusted partner can be valuable if they bring equity into the mix, but they can also be a nightmare if you partner with the wrong person or persons! Be wary and make sure you have clear written expectations and guidelines when venturing down the partnership road.

Friends & Family

Want to avoid paying large interest rates on loans? You may look to friends and family members for some of the funding. One of the top advantages to borrowing money through this route is that you can establish your own payment plans with family and friends that fits better into your personal finances. You can also have an easier time in amending the payment plan when your financial situation changes. It is still important to have clear written expectations and guidelines when borrowing money from your friends and family!

Stock and Mutual Fund Assets

Stocks, bonds and mutual funds can provide you with the money to finance the franchise or provide money toward a loan offered by a lender. Check with an advisor to make sure these funds are not tied into any retirement accounts or you could be penalized with taxes and fees!

Starting your own business can be scary and very exciting all at the same time! You are taking a risk and putting your money and future on the line. All of your choices should be well thought out and done so with a certain level of confidence. The Ark Pet Spa & Hotel franchise crew will do everything in our power to make you successful by sharing our decades of business development and pet industry experience.

For more information about financing options or about The Ark Pet Spa & Hotel franchise please visit visit and fill out the “Join The Crew” form and an Ark crew member with begin the conversation!

Posted by Ark Crew  | Category: Franchising



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A fun, secure environment for pets. a fun way to secure your future.