February 2024

Pyters
Blog

How to Buy an Existing Business or Franchise

When considering whether to buy an existing business or a franchise, it’s important to weigh the level of control and guidance each option offers. Buying an existing business provides more control, while a franchise offers more guidance and support from the franchisor. Franchising involves paying royalties and fees for ongoing support and following the established protocols of the franchisor.

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Pyters
Blog

How to Establish Business Credit in 2024

Many businesses rely on business credit to help finance the purchase of new machinery, acquire inventory, and expand their operations. Even recurring costs like payroll can be covered by short-term loans. Most lenders require assurances that they’ll be repaid on time, and one way they help determine repayment risk is by reviewing the business’s credit scores and ratings on file with the major reporting agencies.

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