Starting a Business

Are there any government grants that would help me with the startup costs for a franchise?

I wanted to open up a Goldend Krust Bakery franchise. The start up costs are not very high but I have to have 300,000 in liquid assets. I am 26 years old and do not have those kind of resources. Can you help me find assistance (preferably some I will not have to pay for) to help me on this franchise endeavor that I am interested in taking?
Opinions expressed by Entrepreneur contributors are their own.
It is always a challenge to find a franchise you want to pursue and then realize that you don't have the financial resources necessary to fund the operation, but that's often the reality of life.  I don't know of any government grants or other sources of funding that might be available and that don't require the money to be paid back.  I'm pretty sure that if there was such a sweet deal available I'd have heard of it sometime in the last 25 years.  My best advice is to work hard, save up all you can to build up your net worth and liquidity, and look at opportunities that match with the resources you do have available.  Good luck.

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

It Started As a Joke and Turned Into a Startup That Raised $1 Million in Funding