- 70% - 90% financing available depending on concept
- Start up / Expansion / refit loans available
- Must be an approved franchise concept
- Must project cash flow coverage 1.2X or more
- Proceeds for franchise fee, leaseholds, equipment, and working capital can be included in the project cost
- No Loan to Value (LTV) requirements
From the borrower
- Completed loan application
- Copies of franchise agreement and UFOC
- Last 3 years tax returns and interims on company and all affiliates
- Last 3 years tax returns of all owners with 20% or more ownership
- Last 3 years tax returns for all businesses being acquired
- Personal financial statements and resumes from all owners with 20% or more ownership in the business
- 1 year projections with assumptions
- Cost estimates on leaseholds and equipment, if it is a start-up
- Copy of lease
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