Franchise Financing
Franchise financing is funding for starting or expanding a franchise business, usually through specialized loans or financial arrangements.
How To Finance a Franchise Business
To finance a franchise business, you can check with your franchisor for available options. But, shopping around for cheaper options is also recommended. Alternative lenders offer lower cost financing options for franchises. Once you find a lender, complete an application and submit necessary paperwork like bank statements, personal credit reports, and voided checks.
What Sources of Financing Are Available To a Franchise?
When it comes to sources for financing a franchise there are many options available. Options include:
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Franchisor financing
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Traditional bank loans
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SBA Loans
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Alternative lenders
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Family and friends
It’s best to consider all your options when looking to finance your franchise to see what products fit your business needs best.
What Are The Requirements For Franchise Financing?
In order to qualify for franchise financing, you’ll have to have a solid credit score, business financials, and a minimum of two years in business. For those looking to finance an additional franchise, business owners may be able to leverage their existing franchise to meet those requirements for their expansion.
What Do You Need To Qualify?
3+ Months in Business
You can qualify for our top financing options with as little as 3+months in business.
$5,000+ Monthly Gross Sales
The minimum revenue to qualify for financing options are $5,000+ per month, or $60,000 in annual gross sales.
No Minimum FICO
We have financing options for all credit profiles. There is no minimum FICO score required to apply.