The TapSnap Blog

Your friendly neighborhood photo booth blog, keep reading for seasonal event and wedding inspiration, professional event ideas, and entrepreneurial tips and tricks!

All Posts

Financing 101 for Your TapSnap Business

You may be interested in starting or expanding your TapSnap business, and want to know what your financial options are.

Guidant Financial has helped aspiring TapSnap franchisees find the funding they need to launch their business, and can do the same for you.

“We work with our clients one on one, discussing their goals and exploring each of their options,” says Beegees Hebert, Guidant Financial’s Client Coordinator.

TapSnap has a relatively low start-up cost compared to other franchises, so there are usually a few options that can work.

Typical recommendations for TapSnap franchise owners:

1)    Unsecured lending

If you have a good credit history, you may want to consider unsecured lending.

“There’s a science behind how we help entrepreneurs find the right line of credit for their new franchise. Plus, it’s an easy method of funding to obtain in a short amount of time,” says Beegees.

You’ll need:

- A good credit score of 690 or higher

- A credit line utilization rate below 50 percent – which is the outstanding balances on all of your credit cards divided by the sum of each card's limit, and expressed as a percentage

- Minimal credit inquiries about you – two or less per bureau in the last six months.

“You’ll know the rate and the expected monthly payment going in,” says Beegees.

2)    Guidant Financial’s iFinance Program

The 401(k) Rollover for Business Start-up (ROBS)

You may be able to access your 401(k) or IRA funds from your previous employer and use that to fund your new TapSnap business.

The beauty of this is that you incur no distributions, interest or penalties, and you won’t be going into debt to start your business.

Essentially what happens is you rollover your retirement funds into a new 401(k) that belongs to your business, which you’ll be able to access.

It sounds simple, but it is necessary to enlist the help of a financial service provider like Guidant Financial to help you with the process. Guidant Financial is the single largest provider of this type of funding in the U.S., so you’ll be in good hands. 

“We’re here to educate, and try to point people in the right direction. With our full suite of funding services, we can create a custom financing package for you,” says Beegees.

Aspiring TapSnap franchisees can take advantage of a free consultation available from Guidant Financial. 

Franchise opportunites

To learn more about Guidant Financial, visit their website, email Allison Zorich at or phone 888.472.4455 x3234

Related Posts

Meet TapSnap's New Roaming Photo Booth - The Mobile Photo Studio

We're always innovating and developing our event photography products to give our customers and their gue...
Alice Aug 26, 2019 2:21:12 PM

Event Spotlight: TapSnap Brings Life To GoT-Themed Party In Vegas

With the series finale of Game of Thrones still top of mind for the show's biggest fans, TapSnap's Las Ve...
Bianca Jun 27, 2019 10:38:14 AM

5 Reasons Why Photo Booths Are Better Than Selfies

Everywhere you go, you can spot someone snapping a selfie. Whether they're discreetly turning the camera ...
Bianca Jun 20, 2019 9:42:20 AM