Financial Assistance
Does Sit Means Sit offer financing?
Yes. A down payment of $15,000 is required. The fee balance may be financed over an eighteen (18) month period at an Annual Percentage Rate (on approved credit). Additional conditions apply; complete terms and conditions of financing are available in a separate document — Fill out the Sit Means Sit Franchise Business Application to obtain a copy of the FDD (Franchise Disclosure Document).
Will the Small Business Administration (SBA) finance me?
Financing through the SBA is an option some franchise applicants may be qualified to receive. SBA provides firm guidelines aligning your financial situation with the maximum price you can pay for a business. Be aware that obtaining SBA funding is a time consuming and often frustrating process.
It is best to be pre-qualified by the SBA for a loan before you apply with Sit Means Sit. Contact The SBA (http://www.sba.gov/).
How quickly will I be able to cash-flow the business from sales revenues?
That should be the predominant objective in your business plan. It is impossible to answer without knowing your debt service level. On average, an SMS client pays the equivalent of $100 per hour for basic in-home training.
How many lessons daily will pay all your operating costs and loans? This is an oversimplification but will let you do a “back of the envelope” forecast on achieving break-even status in business.
