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 Standard SBA 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 4 - 6 weeks

Step 1:Download Highlight letter. Step 2:Download SBA Pre-Screen Application, once you have filled that out and been pre-approved, you will be direct to Download Standard SBA Application

-Loan Amount:                        70-80% (Standard)                                                                           90% For Working Capital


-Loan Term:                              7 - 10 years


-Collateral:                                 None (on W/C Loan)

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


-Interest Rates:                         2 3/4% over Prime