•
Higher Down Payment (30-40%)
•
Limited to No Working Capital
•
5–7 Year Term (without R. E.)
•
Higher Monthly Payments
•
100% or High Collateral Required
•
Potential Lengthy Loan Process
•
Smaller Pool of Prospective Borrowers (due
to higher down payment)
•
Not Educated with Most Franchisors
•
Top Personal Credit Score Needed
•
Experience a requirement
|
•
Lower Down Payments (20-25%)
•
Working Capital always included
•
Longer Term (10-25 years)
•
Lower Monthly Payments
•
Most Loans approved are under collateralized
•
3–4 Weeks Average Closing Time
(from loan approval)
•
Larger Pool of Prospective Borrowers
(due
to lower down payment)
•
Our Lenders are very “Pro-Franchise”
•
Do Not Need Perfect Credit
•
Experience Not Mandatory
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