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SpeedPro Imaging franchise financing options

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

Overall costs for SpeedPro Imaging run anywhere from $233,665 to $303,075. 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 SpeedPro Imaging franchise may result in higher or lower fees.

Franchise fees

SpeedPro Imaging franchise fees total around $165,345, which is more than the $37,000 average for the 200 largest franchises.
Franchise Cost
Initial franchise fee $49,990 to $49,900
Startup fee $115,400 to $115,400
Estimated total $165,390 to $165,300

Equipment fees

Equipment fees total $975 for SpeedPro Imaging. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Technology monthly fee for the first three months $975 to $975
Estimated total $975 to $975

Real estate fees

Real estate will set you back $23,000 for SpeedPro Imaging, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Leaseholds improvements $0 to $30,000
Rent and security deposit $3,000 to $12,000
Utility deposits $0 to $1,000
Site selection The franchisoru2019s expenses.
Estimated total $3,000 to $43,000

Training fees

SpeedPro Imaging initial training costs total $2,500, which comes in under the nationwide average of $9,788.
Training Cost
Training and travel expenses $2,000 to $3,000
Estimated total $2,000 to $3,000

Marketing costs

Advertisement and marketing costs total up to $10,000 for SpeedPro Imaging, which is more than the nationwide average of $9,938.
Marketing Cost
Initial marketing fee $10,000 to $10,000
Estimated total $10,000 to $10,000

Licenses and permits costs

SpeedPro Imaging initial licenses and permits will set you back $500. This comes out to less than $18,770 — the overall nationwide average.
Licenses and permits Cost
Business permits and licenses $0 to $1,000
Estimated total $0 to $1,000

Insurance costs

Initial insurance costs for SpeedPro Imaging run $1,050. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
One year of business insurance premiums $800 to $1,300
Estimated total $800 to $1,300

Other expenses

Miscellaneous expenses for SpeedPro Imaging total $65,000 — less than the nationwide average of $69,970.
Other Cost
Professional fees $1,500 to $3,500
Three months' working capital $50,000 to $75,000
Estimated total $51,500 to $78,500
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 SpeedPro Imaging is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the SpeedPro Imaging franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to SpeedPro Imaging 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 $268,370 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?

You have several options when it comes to financing a SpeedPro Imaging — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
  • Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
  • Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of SpeedPro Imaging opening costs.
  • SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Also check if SpeedPro Imaging 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 $233,665. 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 SpeedPro Imaging stacks up

Compare how SpeedPro Imaging holds up against two similarly sized franchises.
College Nannies, Sitters and Tutors SpeedPro Imaging Crestcom
Average Franchise fees $45,000 $165,345 $69,500
Average Equipment fees $10,250 $975 $1,863
Average Real estate fees $5,000 $23,000 $250
Average Training fees $2,250 $2,500 $2,470
Average Inventory fees NA NA NA
Average Marketing fees $20,000 $10,000 $8,700
Average Licenses and permits fees NA $500 NA
Average Insurance fees $7,000 $1,050 $1,150
Average Admin fees $2,000 NA $1,450
Average Personnel fees NA NA NA
Average Other fees $40,000 $65,000 $6,888

Bottom line

SpeedPro Imaging franchise costs run a total of $268,370. 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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