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The Alternative Board franchise financing options

Compare costs, fees and where to get financing for a The Alternative Board.

Overall costs for The Alternative Board run anywhere from $56,073 to $100,823. 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 The Alternative Board franchise may result in higher or lower fees.

Franchise fees

The Alternative Board franchise fees total around $31,750, which beats out the $37,000 average for the 200 largest franchises nationwide.
Franchise Cost
Franchise fee $19,500 to $44,000
Estimated total $19,500 to $44,000

Equipment fees

Equipment fees total $1,200 for The Alternative Board. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Equipment $0 to $2,400
Estimated total $0 to $2,400

Training fees

The Alternative Board initial training costs total $27,000 — more than the nationwide average of $9,788.
Training Cost
Initial training fee $24,500 to $24,500
Franchisee's travel and living expenses during initial training program $0 to $5,000
Estimated total $24,500 to $29,500

Inventory costs

Initial inventory for The Alternative Board shakes out to $375. This is less than the nationwide average of $53,119.
Inventory Cost
Supplies, stationery and business cards $250 to $500
Estimated total $250 to $500

Marketing costs

Advertisement and marketing costs total up to $12,813 for The Alternative Board, which is more than the nationwide average of $9,938.
Marketing Cost
Marketing fee $2,188 to $2,188
Telemarketing service fees, LinkedIn prospecting service fees, Zoom subscription and other expenses for required mass marketing campaign $7,175 to $14,075
Estimated total $9,363 to $16,263

Licenses and permits costs

The Alternative Board initial licenses and permits will set you back $300. This comes out to less than $18,770 — the overall nationwide average.
Licenses and permits Cost
Deposits and licenses $0 to $600
Estimated total $0 to $600

Administrative fees

The Alternative Board administrative fees total up to $5,010 — which comes in under the overall nationwide average of $6,761.
Admin Cost
FST service provider's travel and living expenses $2,400 to $4,000
Three months' website fees $60 to $60
CRM system fee The then-current fee. The current fee is $250.00 per year.
Accounting and professional fees $0 to $3,500
Technology fee The then-current fee. The current fee is $20.00 per month.
Estimated total $2,460 to $7,560
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 The Alternative Board is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the The Alternative Board franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to The Alternative Board 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 $78,448 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 The Alternative Board.
  • 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 The Alternative Board 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 $56,073. 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
Biz2Credit business loans
$25,000
$6,000,000
6+ months in business; $100,000+ monthly revenue; 500+ credit score
Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.
OnDeck short-term loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
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. 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.
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.
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How The Alternative Board stacks up

Compare how The Alternative Board holds up against two similarly sized franchises.
HouseMaster The Alternative Board Home Helpers
Average Franchise fees $42,500 $31,750 $48,900
Average Equipment fees $7,750 $1,200 $4,500
Average Real estate fees $375 NA $1,500
Average Training fees $3,750 $27,000 NA
Average Inventory fees NA $375 NA
Average Marketing fees $6,500 $12,813 NA
Average Licenses and permits fees $7,500 $300 $7,500
Average Insurance fees $4,500 NA $5,800
Average Admin fees $1,750 $5,010 NA
Average Personnel fees NA NA NA
Average Other fees $1,375 NA NA

Bottom line

The Alternative Board franchise costs run a total of $78,448. 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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