| •
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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