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18 Aug 2010, 08:41
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Will having an MBA help secure a better SBA loan for a franchise as opposed to a B.S. in Business Management? I want to pursue franchising but am undecided whether I should invest in the MBA first. I have tons of work experience and will be graduating in the Fall. If anyone has any knowledge of this process your advice is greatly appreciated! Thanks in advance.
18 Aug 2010, 09:33
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In the current financial situation, I doubt an MBA will help (significantly at least).
I would not get an MBA just to get a loan - you will be spending a lot of money you could use elsewhere, so if anything, it will only hurt since you will have fewer assets and possibly student loans, thus reducing your financial position.
I would not get an MBA just to get a loan - you will be spending a lot of money you could use elsewhere, so if anything, it will only hurt since you will have fewer assets and possibly student loans, thus reducing your financial position.
