Is it possible to buy into a franchise if you have had credit problems in the past?

My husband and I want to buy into a pizza franchise. We have been working very hard to repair our credit and start saving some money. Sometimes it feels like we will never be to the point where we can start a business and get ahead in life. Will our past credit issues damage our chances of becoming business owners? I’m just thinking of how we will get a business loan, etc.
In our area, independent places go under very quickly. We are linked to a chain already and have a better opportunity and knowledge with this franchise. How does writing a business plan help my credit issues?
Thanks for the loan advice but I don’t think I would look to yahoo answers for a lender.

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Comments

  1. alex smith says:

    Write a business plan.
    Also: why pay franchise fees? Start your own independent Pizza P.
    Good Fortune to you.

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