Franchises are known for providing their franchisees with a support system from the beginning to end. Now, a group of franchises have partnered with TD Bank to help military veterans secure the capital necessary to become franchisees.
Baskin-Robbins, Dunkin’ Donuts, Domino’s Pizza and Papa Murphy’s are the first franchises to participate in TD Bank’s funding initiative.
According to TD Bank, those companies participating with veterans interested in opening a franchise within its Maine-to-Florida service area will be offered a streamlined loan application process, waived packaging fees and lower than average interest rates.
TD Bank’s head of Small Business Administration lending believes that a military background provides veterans with the skills and traits most often seen in successful small business owners.
To get more information about financing through TD Bank veterans should first approach one of the participating franchises.