Frequently Asked Questions
Q. How much capital do I need?
A. You will need $20,000 to $80,000 (US) to purchase your franchise.
You will need a total of $94,300 to $213,500 to acquire, equip and staff your
office and to offer factoring services for the first year. The capital needed
is a function of territory size, market penetration and local economies.
Q. As a COMMISSION EXPRESS® franchise, am I a lender?
A. Generally a "lender" provides money in exchange for interest and
the return of capital over time, while a "factor" purchases accounts receivable
at a discount. If you do not function as a "lender," you are not subject to
many rules and regulations normally associated with the lending industry. All
franchise applicants are advised to work with legal counsel to determine what
rules may apply in your territory.
Q. Can I reject the purchase of a customer's receivable?
A. Yes. We provide you with underwriting procedures to evaluate the
strengths and weaknesses of each receivable. Based on your evaluation and your
own business experience, you may reject the purchase of a receivable.
Q. What kind of experience is most helpful to a COMMISSION EXPRESS®
franchisee?
A. While experience in finance, law and real estate are all very
helpful, we believe it essential that a franchisee have an entrepreneurial
nature.
Q. Why don't real estate agents simply go to a bank and borrow the money?
A. Obtaining a bank loan is often a long and complex process
involving substantial amounts of paperwork and a flawless credit history. Our customers
can sell us a commission and can often get a check the same day.
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Testimonial
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Words can't express the gratitude I feel ~ please know you've made a huge difference in my life by trusting me. I'll never forget it, and hope to someday help you the same.
R.D.
Daniels Realty
The Registered Marks of the organizations are for identification purposes only and do not constitute endorsement
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