Prime Commercial Lending can help franchisees obtain SBA loans when the franchisor does not provide financing and obtaining bank business loans require obstacles.
Who can receive franchise financing?
Franchisees who are credit worthy borrowers and are willing to contribute some equity.
What does franchise financing provide?
A SBA 7(a) loan is granted to franchisees, which is issued by a Prime Commercial Lending or a bank and partly guaranteed against default by the government. SBA loans for franchises can help provide working capital to obtain necessary equipment or real estate.
When does franchise financing work?
Franchisees generally use the financing for franchise entry fees, improvements, or working capital throughout the business cycle.
See more on Prime Commercial Lending’s Franchise Financing Program, here.