Hold on Lending-What to Do When Can’t Get Loans For Small Business

Tweet Some lenders are putting a hold on Lending. If you are coming up against this problem, you might want to consider other options in order to get a loan for small business or franchise loan. You have a couple of options: 2.Securities Loan.  – This program is an alternative to traditional financing. You use … Continue reading “Hold on Lending-What to Do When Can’t Get Loans For Small Business”

Are There Any Specific Franchise Categories That Lenders Are Looking More Closely At?

Tweet Lenders are looking more closely at specific franchise categories. They are being even more conservative with food franchises. This is In view of the fact that lenders have had some problems with food franchisees that have failed or defaulted on their loan and on newer franchisor companies. To invest in these types of franchise … Continue reading “Are There Any Specific Franchise Categories That Lenders Are Looking More Closely At?”

Is the SBA Looking at Franchise Start-Up Loans Differently?

Tweet Is the SBA Looking at Franchise Start-Up Loans Differently?Yes, franchise start-up loans have been more difficult. Lenders are looking more closely at the debt to income ratios to be 1.25 or higher. SBA lenders are reviewing the history and default rate of the franchise system. Lender’s want to know how well the industry is … Continue reading “Is the SBA Looking at Franchise Start-Up Loans Differently?”

Since the Credit Debacle, Should Prospective Franchise Owners Plan On Coming Up With Bigger Down Payments?

Tweet Yes, lender are requiring a higher down payments (usually 30% on a start up business). Not only are lender requiring more down payments but more cash reserve money (3+ months personal expenses after down payment), higher credit scores (start at 660 but it is more positive if 700+), experience and collateral (at least 50% … Continue reading “Since the Credit Debacle, Should Prospective Franchise Owners Plan On Coming Up With Bigger Down Payments?”

SBA Franchise Loans – Incentives Scheduled to Expire

Tweet Since the economy went into recession, Congress passed several temporary changes to SBA loan programs. The changes benefit SBA franchise loans in several ways. First, the large upfront fees are temporarily subsidized. These fees are typically in the 2.75% range of the guaranteed portion of the loan. This results in a huge savings for … Continue reading “SBA Franchise Loans – Incentives Scheduled to Expire”

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