SBA Loan Financing Program

Credit Standards:


-Must have good credit (650 FICO and above)


-Equity must come from non-borrowed funds (401k funds  are OK)


-Personal net worth must be near loan amount requested


-General management experience is needed


-Must have approved cash flow of personal living expense


-Some outside income may be required

SBA Program Highlight SBA Pre-Screen Application

Procedures / Time Table:


-Have candidate call our office for a review


-We will send follow-up email to Franchisor


-Candidate must complete an application, and return to  Franchise Finance Credit Dept.


-Once received, pre-approval will be issued within  within one (1) week


-Final funding generally is completed within 2-4weeks

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-Loan Amount:                        70 - 80% Total Cost                                                                         (Includes working capital)

                                                                                                                 

-Loan Term:                              7 - 10 years

                                                                                         


-Collateral:                                 If available only


-Closing Cost:                           Est. 3 - 6% (can be financed)

                                                                                                                           


-Interest Rates:                         6% approx.