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GradePower franchise financing options

Compare costs, fees and where to get financing for a GradePower.

Overall costs for GradePower Learning run anywhere from $48,300 to $62,000. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

Estimated initial costs

Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your GradePower Learning franchise may result in higher or lower fees.

Franchise fees

GradePower Learning franchise fees total around $40,000, which is more than the $37,000 average for the 200 largest franchises.
Franchise Cost
Initial franchise fee $40,000 to $40,000
Estimated total $40,000 to $40,000

Training fees

GradePower Learning initial training costs total $3,150, which comes in under the nationwide average of $9,788.
Training Cost
Training costs $2,300 to $4,000
Estimated total $2,300 to $4,000

Insurance costs

Initial insurance costs for GradePower Learning run $3,000. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
Insurance $1,000 to $5,000
Estimated total $1,000 to $5,000

Administrative fees

GradePower Learning administrative fees total up to $9,000 — which comes in over the overall nationwide average of $6,761.
Admin Cost
Office supplies $2,500 to $3,000
Shipping $2,500 to $10,000
Estimated total $5,000 to $13,000
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.

How to finance

Since the estimated total for GradePower Learning is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the GradePower Learning franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to GradePower Learning about in-house financing for franchisees.
  3. If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $55,150 estimated opening costs.
  4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
  5. Once you settle on a lender, gather all required documents, including account statements and assets.
  6. Apply for financing online or in person as required by the lender.

What types of financing is available?

Consider one of the following options for covering a portion of the costs to open a GradePower Learning.
  • Online loan. For a turnaround that's faster than a bank, an online business loan could be the way to go. Credit requirements are often more flexible than those of traditional bank loans, too.
  • Credit card. Using a business credit card allows you to spend up to your preapproved limit. This means if extra expenses pop up, you can likely cover them without having to take out another type of financing.
  • Bank loan. If you have stronger credit — typically a score of 670 or higher — a traditional bank loan may get you a more favorable interest rate than a credit card or online loan.
  • SBA loan. Qualifying for an SBA loan is easier than a traditional bank loan, but it typically comes with fees and higher interest rates.
Also check if GradePower Learning franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

You may not need financing to cover the estimated $48,300. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
Name Product Filter Values Min. Amount Max. Amount Requirements
OnDeck small business loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
Fora Financial business loans
$5,000
$500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Great for SBA loan applicants.
Lendio business loans
$500
$5,000,000
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
ROK Financial business loans
$10,000
$5,000,000
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.
LendingClub personal loans for business
$1,000
$40,000
US citizen or permanent resident, verifiable bank account, steady source of income, ages 18+.
Get prequalified for a personal loan up to $40,000 to help you grow your business. Great for new business owners with at least fair credit.
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How GradePower Learning stacks up

Compare how GradePower Learning holds up against two similarly sized franchises.
1-800-GOT-JUNK GradePower Learning Nestleu00ae Toll Houseu00ae Cafu00e9
Average Franchise fees $160,000 $40,000 NA
Average Equipment fees $2,750 NA $8,500
Average Real estate fees $3,100 NA NA
Average Training fees $2,750 $3,150 $2,200
Average Inventory fees NA NA $7,000
Average Marketing fees NA NA $5,000
Average Licenses and permits fees NA NA NA
Average Insurance fees $2,900 $3,000 NA
Average Admin fees NA $9,000 $2,250
Average Personnel fees NA NA NA
Average Other fees $10,000 NA $42,500

Bottom line

GradePower Learning franchise costs run a total of $55,150. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.

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