If you are interested in a franchise opportunity that is small business based, then it is important to know that our government is providing more incentives than ever to open a business. Job losses in this slow economy have many turning to self employment, by way of a franchise. There are many small businesses for sale that can be obtained easier than in the past.
The name brand recognition that a franchise provides adds a value to a business plan. The current administration is offering more tools for a small business to access capital and create jobs. This is intended to bring the US back on track for economic recovery. With the American Recovery and Reinvestment Act of 2009, the Small Business Administration has assisted with more than 33,000 loans for over $ 13 billion dollars. Based on certain qualifications, the SBA loan maximums are increased in various areas.
Women and minorities will also benefit from increased small business loans, as they are encouraged to apply. An increased number of small businesses for sale are being purchased by women and minorities and have proven to be highly successful. In the past, these demographics were more likely to be denied for a loan than a white male. Now, women-owned businesses make up more than 28% of all small businesses. Minorities still play a much smaller role, but with the increased population and potential job starts that can be accomplished, the government is encouraging lenders to work harder with them.
In addition, there are incentives that help with the cost of health care, tax relief based upon start-up costs, more federal funding for innovation and high tech job creation, as well as creating a network of business incubators designed to assist that small business owner.
The US government is on the side of the franchise owner. These incentives are geared towards those looking for small businesses for sale that will potentially grow employment opportunities for others. The more jobs that can be put back into the system, the quicker the economy will continue to grow.
The number of franchise opportunities is vast and varied. There will be potential opportunities for anyone that has what it takes to run their own small business. Having more access to capital as well as tax incentives will make the idea of owning your own business easier to obtain. If you think you have the knowledge and skill set to start your own business, consider some of the popular franchise opportunities available today.