American Franchise Consultants, LLC

When you are serious about taking control of your future and becoming your own boss as a franchise owner, you need to immediately consider how you will fund your new business. We, at the AFC Group, provides you free access to franchise funding experts who will help you review your funding options so you can make the decision that works best for your current situation and needs.

Below are the most popular business funding methods for new franchise owners.

EQUITY FINANCING
Using liquid assets such as: Cash, CDs, stocks, investors, etc.

DEBT FINANCING
There are many funding options readily available, such as:

Your 401K/IRA – Depending on circumstances, you may be able to access your retirement funds with no tax consequences or penalties, and in some cases greatly reduce your exposure risk!

SBA Express Loan – The SBA Express Loan makes it easier to process and fund low dollar loans up to $150,000! This is a really popular, quick, and easy way to fund your new business.

Program Specifics

• Start Ups/Existing/Home Based
• No bankruptcies, judgments or liens
• CANNOT have over two Bank inquiries
• 675+ Credit Score
• 2% Provider/Packaging Fee due upon Approval (Funding Checklist)
• APPLICATION ONLY (once approved must submit a financial package for verification)
• Any business operating less than 24 months must document 20% equity (liquidity)
• Approval within 5 to 7 business days

Start Ups and existing businesses

• Up to $150,000
• Verification of documents (financials and SBA forms 4506T, 1919)
• Interest Rate is Variable at Prime Rate (WSJ) plus 2.75 up to 4.75 Adjusting Quarterly
• SBA/Bank Fees
• SECURED with UCC 1 on business assets
• Personal Guarantees
• Term 10 Years
• Closes within 30 to 45 days
• FUNDS $$$

Standard SBA Loan Programs for Larger Loans – Lenders and loan programs have unique eligibility requirements. In general, eligibility is based on what a business does to receive its income, the character of its ownership, and where the business operates. Normally, businesses must meet size standards, be able to repay, and have a sound business purpose. Even those with bad credit may qualify for startup funding. The lender will provide you with a full list of eligibility requirements for your loan. Here’s a link to “Lender Match”, https://www.sba.gov/funding-programs/loans/lender-match. Lender Match is a free online SBA referral tool that gives you step-by-step instructions, which includes connecting you with participating SBA-approved lenders.

Home Equity Loans – This is a relatively simple process, allowing you to utilize accumulated equity in your home to fund your new business.

Credit Lines – Secured and Unsecured credit lines offer flexibility, especially if you are planning on opening multiple units.

We provide you free access to franchise funding experts who will work closely with you to help determine which option should work best for you and your current situation and needs!