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 profitability estimates. Other benefits may include: Generous term lengths, such as a 10-year term on non-real estate loans.

While various reports have shown franchises have a higher success rate when compared to typical small businesses - 42 percent higher by one account - opening a business always presents a risk and self-funding means taking on 100 percent of the risk. Unless you have considerable financial resources, odds are it's a safer financial decision to ...

Credibly is dedicated to small business financing, funding over $2 billion for needs such as working capital, equipment upgrades, and more. Existing franchisees can potentially access $5k - $400k in as little as 24 hours. Check this option to be directed to Credibly’s online application.

Oct 13, 2021 · ApplePie also revealed that the company recently surpassed $1.25 billion in loans secured for franchise businesses since it began lending in 2015. “BHG has a proven track record of holistically addressing the financial needs of the small business healthcare vertical, so they uniquely understand ApplePie’s opportunity to do the same in ...

Whenever you need new equipment for your business, the best option could be getting a small business equipment loan, depending on the type of equipment you’re looking for. This loan will allow you to purchase just about any type of equipment you need, though amounts you are able to receive can depend on the equipment itself and whether it’s ...

Leveraging your home equity for a business 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%.

At this year's LendIt conference, ApplePie was honored to receive the award for Emerging Small Business Lending Platform, awarded to the young company that has demonstrated the greatest potential to impact the future of small business lending.LendIt's, the world's biggest show in lending and fintech, which took place March 6-7 at Javits Center in New York City, nominated …

Nov 1, 2021 · James is responsible for overseeing ApplePie’s credit risk exposure, credit policy and lending operations. James is a financial services leader with over 20 years of industry experience in managing credit risk functions across a range of financial products in the areas of consumer and small business lending.

Business loans can be an excellent tool for funding your franchise and helping it to grow past its initial startup phase. Are you ready for a franchise business loan? Loans can be outstanding tools to help franchisees grow and thrive; however, many franchisees attempt to apply for loans before they are ready to do so.

“We originally self-financed the business, but then wanted to increase our liquidity and improve the return on our invested capital. ApplePie was able to make a loan against the cash flows of the business. They funded us quickly and provided financial flexibility for a down payment on a new location we are evaluating.”