Q. Do I Have To Do All The Paperwork Or Will Franchise Financiers Assist Me?

 Yes, we prepare all loan packages presented through our company and we make sure that all loan applications are thorough and accurate. We will ask you for certain documents but besides that, we’ll take care of the rest. We’ll even assist you with your business plan if required.

Q. What Is The Number One Reason To Use Your Company’s Services?

Franchise Financier’s sole focus is franchise financing. It is managed by individuals who possess a solid knowledge in both finance and franchising. We are one of the only companies that is strictly dedicated to franchise funding.

Q. Is There A Guarantee Of Funding?

 We cannot guarantee that any loan application will be approved. However, we can offer experienced guidance that will greatly improve your odds of being approved by a lender.

Q. Can’t My Local Bank Approve My Loan?

 Most local banks are very conservative and analytical. Most local banks require a great deal of collateral, experience and usually only fund significantly larger loans.

Q. Do We Have To Meet With Your Company?

 No, the entire process can be done through telephone, email, mail and fax.  We can offer financing to anyone in North America.

Q. Is There Any Pre-Payment Penalty?

 Most loans will allow the borrower to pre-pay up to 20% per annum and sometimes financing can be completely open with no pre-payment penalties. Again, it really depends on the type of loan and the lender.

Q. What Would The Interest Rate Be?

 It depends on the lender but typically anywhere from 6.5% - 10%.

Q. What Size Loans Can You Offer?

 Our minimum loan amount is $100,000 and our maximum is $5 million.

Q. How Long Does It Typically Take To Receive Funding?

 It really depends on what type of loan you are applying for. It can range from 2 days to 2 months or more. Most business loans can be completed within 45-60 days. A lot of it has to do with how quickly you can provide us with the necessary documents to present to the lender.

Q. What Is Equity?

 Equity is the financial interest or cash value of an asset minus any amounts owing to a lender. Equity is also considered ownership interest in a corporation in the form of common stock or preferred stock.

Q. What Does Net Worth Mean?

 The value of a person's assets, including cash, minus all liabilities. The amount by which the individual's assets exceed their liabilities is considered the net worth of that person.

Q. What Is Considered A Decent Credit Score?

 We recommend that our clients possess at least a 650 FICO score.

Q. If I Have Filed Bankruptcy, Will I Be Declined For A Loan?

 Let us put it this way, it’s not impossible but if your bankruptcy has not been discharged it’s unlikely that we’ll be able help you secure financing. 

Q. What If I Have Already Been Declined For A Loan?

 Maybe you were dealing with the wrong lender. You would be surprised to know how many people we get approved who were declined by their local bank.

Related Information:

Our Financing Services
Do You Qualify For Financing
Frequently Asked Questions
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