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Postal Connections and iSold It franchise financing options
Compare costs, fees and where to get financing for a Postal Connections and iSold It.
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 Postal Connections/iSold It franchise may result in higher or lower fees.
Equipment feesEquipment fees total $4,000 for Postal Connections/iSold It. This is less than the $180,023 average for the top 200 franchises.
|Computer equipment||$3,000 to $5,000|
|Estimated total||$3,000 to $5,000|
Training feesPostal Connections/iSold It initial training costs total $5,300, which comes in under the nationwide average of $9,788.
|Training expenses||$4,100 to $6,500|
|Estimated total||$4,100 to $6,500|
Licenses and permits costsPostal Connections/iSold It initial licenses and permits will set you back $750. This comes out to less than $18,770 — the overall nationwide average.
|Licenses and permits||Cost|
|Permits and licenses||$500 to $1,000|
|Estimated total||$500 to $1,000|
Insurance costsInitial insurance costs for Postal Connections/iSold It run $1,500. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance||$1,200 to $1,800|
|Estimated total||$1,200 to $1,800|
How to financeThe average cost to open one of the 200 biggest franchises in the US — $214,892 — is well over the estimated total initial costs for $11,550. Securing funds will likely be easier at lower amounts, just follow these steps:
- Review the financial requirements on the Postal Connections/iSold It franchising website.
- Compare banks, online lenders and business credit cards and determine which financing type best suits your needs.
- Once you settle on a financing type, compare lenders based on credit history requirements, amounts offered and interest rates.
- Gather all required documents and apply online or in person.
What types of financing is available?Consider one of the following options for covering a portion of the costs to open a Postal Connections/iSold It.
- 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.
Compare small business lendersYou may not need financing to cover the estimated $8,800. 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.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How Postal Connections/iSold It stacks upCompare how Postal Connections/iSold It holds up against two similarly sized franchises.
|Link Staffing Services||Postal Connections/iSold It||TruBlue Total House Care|
|Average Franchise fees||$35,000||NA||$39,500|
|Average Equipment fees||$3,750||$4,000||$7,750|
|Average Real estate fees||NA||NA||NA|
|Average Training fees||NA||$5,300||NA|
|Average Inventory fees||$1,500||NA||NA|
|Average Marketing fees||NA||NA||NA|
|Average Licenses and permits fees||NA||$750||NA|
|Average Insurance fees||$5,000||$1,500||$3,250|
|Average Admin fees||NA||NA||NA|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||NA||NA||NA|
Bottom linePostal Connections/iSold It franchise costs run a total of $11,550. 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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