Fresh Healthy Vending Partners with Directed Equity Inc. for New 401(k) Financing Options to Assist Prospective Franchisees

Fresh Healthy Vending Partners with Directed Equity Inc. for New 401(k) Financing Options to Assist Prospective Franchisees

Large Numbers of Highly Qualified Individuals Who, Faced with Few Job Prospects, Are Now Abandoning Job Searches in Favor of Pursuing Franchise Ownership across the U.S.

June 30, 2010 // Franchising.com // SAN DIEGO, CA - Fresh Healthy Vending LLC and Directed Equity launches a new financing package whereby individuals are approved to utilize their 401(k) or IRA retirement funds to purchase a Fresh Healthy Vending franchise business without triggering early distribution taxes or penalties. "By adopting a transfer trust plan, potential franchisees will have access to their retirement accounts," said Bill Thomas of Directed Equity Inc. "Since you are actually transferring funds from one investment to another, there is no taxable event, giving you the maximum amount of funds for your franchise financing needs."

With individuals retiring later and wanting to start a "second chapter" in their lives by owning a Fresh Healthy Vending Franchise, this program is perfect because it allows them to gain access to their 401(k) and IRA retirement accounts to fund their franchise, said Thomas. "Despite the boon of a growing pool of high-quality franchisee candidates, the credit crunch is making it difficult for prospects to obtain financing and interfering with the expansion of many franchise organizations," said Jolly Backer, CEO of Fresh Healthy Vending. "In fact, it's estimated that banks will lend $6.7 billion to franchises in 2010, an amount that is expected to fall $3.4 billion short of demand according to an IFA study," said Backer. "Rather than letting this deficit slow our expansion, we're aggressively marketing this new 401(k) & IRA financing program and getting a tremendous response from prospective franchisees," said Backer.

About Directed Equity Inc.:

Directed Equity Inc., a leading commercial and franchise finance company, provides clients with financing, leasing, and Self-Directed 401(k) products and services. To find out more visit http://www.directedequity.com

About Fresh Healthy Vending LLC:

Fresh Healthy Vending is a healthy vending franchise program that is seeking entrepreneurs to become part of an untapped market opportunity for healthy vending machines in schools, hospitals, health clubs and office buildings in their area.

###

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

Copper Branch
No chef or previous restaurant experience required. Well established provider network controls both food and labour cost, guarantees a consistent...
RetroFitness
Retro Fitness is well positioned for today's economy and to dominate the low cost segment by offering a high quality and value add product in...
Jimmy John's Gourmet Sandwiches
One of the fastest growing franchises in the U.S., Jimmy John’s has been making fresh, fast, tasty sandwiches since 1983.
Dunkin' Donuts
Dunkin' Donuts Is Now Expanding! Find out about our franchise investment opportunities.
The Brass Tap
Think of our brand as your neighborhood craft beer bar – only not your typical bar experience. We have optimized each of The Brass Tap’s...
Share This Page

Subscribe to Franchising Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.