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"So ultimately, if a loan is $400,000, and it goes bad, the government guarantees the lender 75 percent of the loss, or $300,000," Randy says. Advantages of SBA loans SBA loans allow for projection-based underwriting , which means prospective franchise business owners can obtain capital for initial businesses or store expansion based on ...
"A business typically needs to have two years of profit shown in order to obtain a conventional loan," says Ryan Muskar, a franchise finance specialist at ApplePie Capital. Conventional loan advantages According to Ryan, conventional loans often feature significantly lower interest rates than other loan options.
However, small business loans overall are down by nearly 20% since 2008, and the loan application process can be time-consuming and costly,” said Josh Felser, Founder at Freestyle Capital. “Marketplace lending has transformed the personal loan segment to the tune of $9 billion in 2014, and ApplePie is bringing this new economy to franchise ...
ApplePie Capital, Inc. offers its own branded loan products, ApplePie Core and Spring loans, which are made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC. These are not deposit products. Actual loan terms depend on credit, income, loan maturity, and other factors. At ApplePie Capital, we are committed to fair ...
"These well-established brands support entrepreneurship with proven business models, and have collectively created more than 750 successful small businesses across the country.” Tropical Smoothie Café offers bold, flavorful food and smoothies with a healthy appeal, all made to order from the freshest ingredients at 430 locations in 39 states.
Check out the replay of our January 14th webinar, in which ApplePie Capital's CEO Denise Thomas explains why franchise debt is a compelling addition to fixed income portfolios. She also covers ApplePie's rigorous multi-factor credit model and underwriting process and how investors can participate, and reviews ApplePie's current investor offerings.
ApplePie Capital provides a fresh new approach to franchise financing. Our franchise loan platform enables entrepreneurs to access capital from a growing network of investors.
ApplePie Capital, Inc. offers its own branded loan products, ApplePie Core and Spring loans, which are made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC. These are not deposit products. Actual loan terms depend on credit, income, loan maturity, and other factors. At ApplePie Capital, we are committed to fair ...
We make financing simple and predictable. Our experienced franchise finance team will help identify the best financing options based on your goals and growth objectives.
"The strategy is to use a franchise business loan for the first location, because for the second, lenders will want to see a positive debt service coverage ratio (DSCR)," he says. "If your loan amount is $100,000, you need to have $125,000 of income to cover it for a DSCR of 1.25."