Cornwell Quality Tools offers a program to assist members of the U.S. Military seeking to obtain a Cornwell Tools franchise. Military veterans that meet the financing requirements for a Cornwell Tools franchise will be eligible for up to $60,000 of interest-free financing to start their business. Cornwell estimates that the interest savings will be around $18,400 over the course of the loan.
In order to qualify for this program the applicant or applicants spouse must have been honorably discharged from the U.S. Military, must meet normal Cornwell Tools new dealer credit criteria, purchase or lease a new tool truck and must have $15,000 of working capital available after start-up expenses. During the course of the loan, the dealer must maintain a purchase average equal to or exceeding the Cornwell Tools national purchase average, which will be reviewed annually.