The Non-SBA Franchise Program offers borrowers an alternative to standard SBA lending requirements and works with concepts that are not SBA approved. This program is for franchisees looking for refinancing, development lines of credit, or recapitalization.

 

Program Details:

Loan Amount: $200,000 to $10,000,000

Rate: Mid 6’s to mid 8’s fixed

Term: 7 to 10 years

LTV/LTC: 75% to 80%

Prepayment: No prepayment penalty options

Other: For concepts that are > 2 years old with at least twenty locations

 

Program Benefits:

• It does not require direct industry experience as the SBA requires.

• It offers financing for concepts, not SBA eligible.

• Will not take any outside collateral (no personal residences). Nor will they ask for corporate guarantees from other locations.

• Can do refinances, new development, expansions, recapitalization, and development lines of credit.