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Lower down payment requirements. "The use of proceeds with SBA loans is beneficial to borrowers," Randy says. "You're allowed to use proceeds for all project costs, including the franchise fee, the construction, the equipment, the soft costs to get open, lease deposits and cash operating capital. You add all that up and let's say it's $500,000.
We are dedicated to the franchise industry and understand your unique needs. "As a franchise owner, we chose ApplePie Capital because they listened, offered us a lot of options, and helped us plan our multi-unit rollout. They helped us find the best terms possible for all of our financial needs. Without ApplePie, we wouldn’t be where we are ...
ApplePie Capital Funding Solutions, LLC is pleased to help small businesses quickly access the capital they need through this government relief program. Update as of April 15, 2021. The “Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act'' includes $284 billion in new funding for the Paycheck Protection Program (PPP).
With assets of $4.2 billion as of June 30, 2021, the Bank provides consumer and small business deposits, consumer loans, residential mortgages and specialty finance services nationally. The Bank also offers commercial real estate loans, commercial and industrial loans, SBA financing and treasury management services.
Unless you have considerable financial resources, odds are it's a safer financial decision to borrow money when starting a new franchise business. Loans come with their own costs, chief among them the interest you pay, yet they provide a safety net that keeps more of your personal resources available. In short, it's strategically sound to ...
New investments will fuel ApplePie’s growth and its transformation of franchise finance. San Francisco, December 12, 2016 – ApplePie Capital, the first online lender solely dedicated to the franchise industry, today announced that it has entered into a $180 million loan purchase agreement with TowerBrook Capital Partners L.P. (TowerBrook) to purchase franchise loans originated by ApplePie ...
The majority of her experience is in Financial Services where she led small and large teams to advance technology solutions and overall organizational business strategy. She has provided big-picture vision, defined/designed technology blueprints and drove innovative solutions to realize tangible value within the areas of consumer, small ...
He has extensive experience in Structured Credit, Securitization and Funding Solutions across both Small Business and Consumer asset classes. Prior to joining Apple Pie Capital, Ted headed the Capital Markets efforts at Applied Data Finance, a consumer installment platform, focused on forward flow commitments, warehouse funding and equity capital.
Pledging a personal asset, such as a home or investment portfolio, as collateral is a common requirement for many franchise loans. Providing your personal collateral as security on a loan minimizes a lender's exposure to risk and may help you secure financing. Of course, doing so puts you in danger of losing the asset if you default on your loan.
There is another option: Instead of using your home equity to finance your business, you could utilize that equity to qualify for a business loan. Business loans will often cover up to 80% of the total project, so you can use equity in your home to cover your 20%. Doing so is less risky than completely liquidating your personal assets, because ...