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Spherion franchise financing options

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

Overall costs for Spherion run anywhere from $129,375 to $324,475. 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 Spherion franchise may result in higher or lower fees.

Franchise fees

Spherion franchise fees total around $35,000, which beats out the $37,000 average for the 200 largest franchises nationwide.
Franchise Cost
Initial franchise fees $35,000 to $35,000
Estimated total $35,000 to $35,000

Equipment fees

Equipment fees total $41,660 for Spherion. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Computer system $3,650 to $7,200
Furniture and fixtures $15,500 to $40,000
Equipment $4,650 to $10,500
Hardware installation $720 to $1,100
Estimated total $24,520 to $58,800

Real estate fees

Real estate will set you back $7,193 for Spherion, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Real property $3,125 to $10,000
Utility expenses $160 to $1,100
Estimated total $3,285 to $11,100

Training fees

Spherion initial training costs total $6,563, which comes in under the nationwide average of $9,788.
Training Cost
Training expenses $3,750 to $9,375
Estimated total $3,750 to $9,375

Inventory costs

Initial inventory for Spherion shakes out to $780. This is less than the nationwide average of $53,119.
Inventory Cost
Startup supplies $510 to $1,050
Estimated total $510 to $1,050

Marketing costs

Advertisement and marketing costs total up to $16,250 for Spherion, which is more than the nationwide average of $9,938.
Marketing Cost
Opening advertising $7,500 to $25,000
Estimated total $7,500 to $25,000

Licenses and permits costs

Spherion initial licenses and permits will set you back $630. This comes out to less than $18,770 — the overall nationwide average.
Licenses and permits Cost
Business franchises $160 to $1,100
Estimated total $160 to $1,100

Insurance costs

Initial insurance costs for Spherion run $4,975. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
Insurance $2,100 to $7,850
Estimated total $2,100 to $7,850

Other expenses

Miscellaneous expenses for Spherion total $113,875 — more than the nationwide average of $69,970.
Other Cost
Professional fees $1,050 to $5,200
Additional funds for 12 months $51,500 to $170,000
Estimated total $52,550 to $175,200
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 Spherion is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Spherion franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Spherion 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 $226,925 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 Spherion — 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 Spherion 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 Spherion 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 $129,375. 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
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. Best for companies with at least six figures in annual revenue.
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.
National Funding business loans
$5,000
$500,000
Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.
Fundbox lines of credit
$1,000
$150,000
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.
Bitty Advance business cash advances
$2,000
$25,000
$5,000 monthly bank revenue, 6+ months in business, business bank account open 3+ months, 450+ credit score
With APRs in the triple digits, this is best saved as a last resort.
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How Spherion stacks up

Compare how Spherion holds up against two similarly sized franchises.
Five Star Painting Spherion Window World
Average Franchise fees $45,000 $35,000 $17,500
Average Equipment fees $27,725 $41,660 $32,500
Average Real estate fees $3,000 $7,193 $51,800
Average Training fees $2,500 $6,563 $1,050
Average Inventory fees NA $780 $750
Average Marketing fees $32,500 $16,250 $20,000
Average Licenses and permits fees $875 $630 $1,500
Average Insurance fees $5,000 $4,975 $6,000
Average Admin fees $1,850 NA $4,000
Average Personnel fees NA NA $40,000
Average Other fees $11,025 $113,875 $45,000

Bottom line

Spherion franchise costs run a total of $226,925. 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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