Do You Qualify

As a general rule franchise loan candidates should possess the following:

Personal Financing Qualifications:

1. Good credit history
2. Equity in real estate/property
3. Investments/stock/401k etc.
4. Insurance Policies
5. Co-Signer

***Note: Other types of assets may be considered. However, the above are the qualifications that most lenders look for. Most lenders will not lend up to 100% of available equity. Typically lenders will loan up to 80% of your equity.

Business Financing Qualifications:

1. Equity in business real estate/property (company must own the property)
2. Own assets such as machinery/equipment etc.
3. Business shows at least a 1 year track record of sufficient monthly profits to pay back loan principle and interest costs on a monthly basis.
4. Co-Signer

***Note: Other types of assets may be considered. However the above are the qualifications that most lenders look for. Most lenders will not lend up to 100% of available equity. Typically lenders will loan up to 80% of your equity.

SBA Loan Qualifications:

Borrowers are typically required to put up at least 10%-30% of the total investment themselves. SBA loan terms are structured to accommodate a wide range of franchise concepts. Here are a few standard rules:

1. Loans from $100,000 - $5 million
2. Up to 90% financing
3. Terms up to 25 years with real estate or 10 years without
4. No minimum collateral requirements on loans up to $500,000
5. No management experience required on most concepts
6. Customized credit and closing criteria can be crafted for select concepts

No matter how you decide to finance your franchise, financing your franchise can offer many benefits. If you require financing to start your new franchise and possess the qualifications to sufficiently finance your franchise, we would like to help you make your dream come true. Click here to get started today!

Related Information:

Types of Financing Available
Our Financing Services
Frequently Asked Questions
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