By Matt Perez
Once upon a time we imagined several Radical companies,
The new idea, suggested by Jose, is to make them franchises, but not Fiat Franchises. The Radical Franchise would have no capital owners, instead the Radical Franchisor and the Radical franchisees will be the same as the others participants, co-owners of the Radical Franchise.
The Radical Franchise itself will be an Ensemble of companies providing services the Radical Franchisees require (e.g., purchasing, recycling, accounting, legal, etc).
It all starts with loans. But a small company does not start wth a lot of cash as capital, a loan may be needed.
The new Radical Franchisee may need a loan to cover the $1,500 that must be paid immediately.
The account embodies the agreement that has been worked out with each lender.
More that one lender could be included in an account if the same terms apply. Alternatvely, a lender may require a different aggrement, with a different account.
Let’s assume that new Radical Franchisee can pay $200 every month into the loan account. These are terms that have been negotiat=ed with each lender,