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 No other
rent-to-own franchisor has such a broad spectrum of capital and
inventory financing programs in its arsenal.
Jim Deering, Director of Franchise Development, ColorTyme
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| Jim Deering, Director of Franchise Development, ColorTyme |
ColorTyme today announced it has reached a milestone in its
financial-assistance program offerings with the addition of SBA
loans to its growing portfolio of finance options. "No other
rent-to-own (RTO) franchisor has such a broad spectrum of
capital and inventory financing programs in its arsenal," said
Jim Deering, director of franchise development for ColorTyme and
RimTyme. "Coupled with the special fee structures and discounts
we have created for highly qualified applicants and military
veterans, I can think of no other small business opportunity as
attractive as a ColorTyme or RimTyme franchise," he added.
Listen to our podcast interview with Jim Deering - Director of
Franchise Development, ColorTyme.
Recently the U.S. Small Business Administration revised its
franchise eligibility guidelines and operating procedures,
implementing a streamlined review process that expedites the
processing of SBA loans. As part of that review process
ColorTyme has been named an approved SBA franchisor and is
listed on the SBA’s Franchise Registry.
ColorTyme has long offered strong financial incentives for
franchisees that needed financial assistance to own their own
business, Deering said. "With our newest financing programs,
owning a ColorTyme or RimTyme store franchise is now a realistic
option for entrepreneurs from diverse business backgrounds." Deering said. ColorTyme also provides 100 percent
store-inventory financing, capital loan, pay-day-loan and
custom-wheel-and-tire financing.
ColorTyme franchisees operate 210 rent-to-own/rental-purchase
stores in 34 states; RimTyme operates an additional 18 stores in
eight states. The company is headquartered in the Dallas suburb
of Plano, Texas, and is an independent, wholly owned subsidiary
of the largest RTO company in the world, Rent-A-Center (NASDAQ:
RCII). For more information, visit
www.colortyme.com or
www.rimtyme.com.
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