Business Acquisition / Franchise Start-Up

The Business Starter Loan

Just 10% Down, No Real Estate Necessary!!!
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Now Available
For a limited time The Business Starter Loan
Features:
Loan Amount: Up to $1,000,000
Approved Loan Purposes: Franchise Start-ups
Franchise Acquisitions
Business Acquisitions
Machinery & Equipment Purchases
LTV: 90%
Borrower Injection: 10%
Term: 10 Years
Interest Rate: Prime + 1.50% - Prime + 2.75%
Pre-Payment Fee: None
Balloon Payment: None
Origination or Points: None
Requirements:
Borrower’s Injection: Now: 10% / 0% for additional franchise locations (was 15% - 20%)
Debt Coverage Ratio: Now: 1.20 for one year (was 1.25 for 2 years)
Minimum Buyer Salary: Now: Waived (was $25,000)
Eligible Businesses: Must be Privately Held and Operated For-Profit
Borrower’s Experience: None Required for Approved Franchises
3 Years of Related Experience for Non-Franchise
Working Capital: Funds Provided to Cover 3 – 6 Months of Expenses


Franchise Start-Up Loan