Mastercare® Franchise | Mastercare® Franchise Information

Frequently Asked Questions

What Experience/Qualifications are required to get started?

Do I need prior experience or a background in medicine or healthcare?

No. We are seeking franchisees from a variety of backgrounds. See the section above entitled “Who?”

What qualifications are necessary to succeed as a Mastercare Franchisee?

Desire to own your own business, to operate in an ethical manner, and to have the ability to lead a team. See the section above entitled “Who?”

Are there Licensure Requirements?

Requirements vary from state to state regarding operating a non-medical Homecare business. We refer you to your state regulations for the specific requirements under which you will be obligated to operate.

What do I get for my Franchise Fee?

Highlights: (alpha order)

A Mastercare Homecare business
A model to follow
Be Your Own Boss
Build and grow an income
Community involvement
Lead referrals
Marketing Plan and tools
Mastercare website with intranet for franchise resources
New Owner start up, training, and ongoing support
Protected Territory for 10 years
Robust and comprehensive Operational Manual
Use of Operational Tools

Also see the "Franchise Benefits" section under "Your Homecare Franchise"

What territories are available?

Please speak with the Franchise Development Representative about what territories are available in your area. Also, see the “Territory and Investment” section under "Your Homecare Franchise".

How much money do I need to start my Mastercare Franchise?

See the “Territory and Investment” section. Please speak to your Franchise Development Representative for more information.

What are my financing options?

When starting a business, the Small Business Administration is a good resource for you.

SBA Loan Programs
SBA offers a variety of loan programs for very specific purposes. Take some time to study the programs described at www.sba.gov, to see if you qualify to participate. Search the site by State, Zip code, or SBA District Office to find SBA lenders in your area. Discover the size and types of loans that are being provided, then contact one of the Lender Relations Specialist listed to discover how you can get started.

General Small Business Loans: 7(a)
The 7(a) Loan Program, SBA’s most common loan program, includes financial help for businesses with special requirements. Microloan Program
SBA’s Microloan Program provides small, short-term loans to small business concerns. Real Estate & Equipment Loans: CDC/504
The CDC/504 Loan Program provides financing for major fixed assets such as equipment or real estate.

Find Small Business Loans
Federal, state and local governments offer a wide range of financing programs to help small businesses start and grow their operations. These programs include low-interest loans, venture capital, and scientific and economic development grants. Search the internet using “small business loans”.

Use the SBA.gov's Loans and Grants Search Tool to get a list of financing programs for which you may qualify, or visit the resources listed on the SBA.gov’s site to learn more about small business financing programs. “You can also use our lender search tool to see the size and types of loans made in your area, then contact a Lender Relations Specialist to discover how to get started.”

If you are a veteran or service-disabled veteran, SBA has resources to help you start and grow your small business. From creating a business plan to finding financing: Veteran-Owned Businesses | The US Small Business Administration
Business Loan Opportunities for Military Veterans in 2014 | The U.S.

FAQs

Frequently Asked Questions

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Mastercare Franchise LLC