What are funding options to start a 7-Eleven Franchise?
7-Eleven wants to help you fund your franchise. We know owning any franchise requires a substantial investment and we know making the right choice, when it comes to funding, is paramount to your success.
Franchising with the world's #1 convenience store has its benefits. When you partner with 7-Eleven, you'll find a variety of financial support options available to you. To help you get started, here’s a brief overview of common franchise funding options, how they’re different and how they might work best for you.
Funding options for 7-Eleven Franchises include:
The FranPlan™ solution allows franchise candidates to invest funds using alternative sources like IRAs, 401(k)s and others. The biggest benefit of this financial solution is that it’s tax-free and penalty free.
The FranPlan Safety Net
This is a financial solution that leverages FranFund’s exclusive program to allow early access to retirement funds. If you’re interested in starting a franchise, the FranPlan Safety Net provides increased flexibility while you decide which franchise opportunity is best for you.
FranFund Business Loans
This loan is for anyone on a tight timeline. A FranFund business loan can reduce the loan approval cycle by as much as 90 days. This is possible because the loan packages are created with a large network of lenders who secure funding.
A Business Line of Credit
Completion of the simple application process and a signature is all that’s required for a Business Line of Credit. And depending on your financial strength, this type of loan is typically approved within seven to 10 business days. Funding follows within three to four weeks.
There’s no need to pay interest on extra loan money you don’t use – at least not with Securities- Backed Financing. This type of franchise funding is not income or credit based. It’s a low-interest line of credit that works in alignment with your qualified securities (i.e., stocks, bonds, mutual funds and U.S. Treasuries).
7-Eleven’s Internal Financing Program
We offer an internal financing program that can provide up to 65% financing on our initial franchise fee, if qualified. Rather than seeking financial assistance from outside sources, you can set up financing with us. We’re more than ready to work together to find a financial solution that works best for you.
7-Eleven’s Zero Franchise Fee Program
Although it's not a true funding plan, our Zero Franchise Fee program offers select stores in select markets nationwide with zero franchise fees. That’s a potential savings of up to $80,000 on a brand new career!