About Tim A. Seiber, CFE
About Tim Seiber, CFE:
Tim Seiber is the Sr. Franchisor Relations Manager at FranFund, Inc. He focuses on helping franchisors understand the funding options available to their systems and how to go about educating their franchisees on financing programs. Before joining FranFund, Tim was an Associate Editor of The Coleman Report. As part of a family with a long history in franchising, he has an intimate knowledge of the franchise and small business space.
A preferred partner of the IFA and recognized as a top franchise funding supplier by Entrepreneur, FranFund, Inc. designs smart all-in-one funding plans that grow with your franchise. No matter where you are in your journey of business ownership – whether you are considering leaving your current job to start a new venture or if you are looking to expand your existing operation – we are here to help. Founded by a veteran in the franchise industry with first-hand experience as a franchise owner, franchise developer, and new franchise creator, FranFund specializes in funding solutions for franchisees.
Our most popular funding programs are 401(k) business financing, which allows you to use qualified retirement savings tax-free and penalty-free, and SBA loans. We also offer conventional loans and other non-traditional solutions including unsecured loans, securities-backed loans, equipment leasing, and refinancing programs. FranFund created a franchise-specific pre-approval tool and have also cultivated an extensive network of lenders who are comfortable with the franchise model, resulting in a loan approval rate of 99%.
With our deep roots in franchising, we know how to navigate the challenges associated with starting or growing your business. To see how we can help you get started, visit www.franfund.com.
Recent Posts by Tim A. Seiber, CFE
The Benefits and Uses of Franchise Accountants and Attorneys
A lot of potential franchisees will consider bringing in outside help such as a franchise accountant or attorney to assist them through the process.
401(k) Business Financing: Why You Shouldn’t Rule It Out Even If Your CPA Advises Against It
A roadblock that we’ve been coming across recently with a number of clients is their CPA/Accountant advising them against using 401(k) financing (ROBS) to finance their franchise location.
Holidays and Head Trash
“Are you crazy?” “I can’t believe you’re starting a business in THIS economy!” “You’re going to quit your JOB to start a business?” “You’re buying a franchise? Is it McDonald's? Chick-Fil-A?...
Business Loans – Understanding Lenders and How to Win Them Over
There are resources available if you need help finding the right loan for your business or a guiding hand to offer advice through the application process.
Buying a Business? 5 Important Terms to Keep in Mind
Opening a business can be a very overwhelming process, but it doesn't have to be if you enter into the beginning stages of entrepreneurship with a strategic financial plan.
Does A Great Credit Score Ensure Loan Approval?
Your credit score is a big factor in getting approved for a loan, and obtaining the best available interest rates, but a high score isn’t a guarantee of approval nor a low score an automatic denial.
6 Steps to blocking and tackling your way to an SBA loan
You have to have all the x’s and o’s in the right place, along with a great strategy in mind. That’s where we come in. Think of us as your head coach. Here are the 6 steps of getting an SBA loan with FranFund:
Paving Your Path to Multiples
If you’re a potential franchisee looking at multiple units, you must understand the details of the financing options available and how you could possibly utilize those programs to your maximum benefit.
Nine Reasons to Use Retirement Plan Funding to Start Your Business
Whatever you do, don’t touch your retirement funds! In this article, we are going to review nine reasons to consider using qualified retirement funds to invest in your own business.