Funding a new Franchise
THE SITUATION: FRANCHISE START-UP
Two business partners are starting a family entertainment center, a start-up franchise location, and they have more than 20 years of local industry experience between them. The franchise has a proven business model and a track record of success in a thriving industry.
THE SOLUTION: SPECIALTY FINANCE SBA LOAN
First Business Bank offers a complete toolbox of funding solutions to meet business owners’ unique needs. For this situation, an SBA loan was a perfect fit. Guaranteed by the U.S. Small Business Administration, SBA loans are an alternative to traditional bank loans, designed to help people starting up or growing a business who may not meet traditional lending standards.
No Collateral Barrier
Start-up Business Bias Removed
10-Year Full Amortization
"We we’re able to help these business owners by offering a $1.3 million SBA loan featuring a 10-year amortization, which will help keep fixed operating costs low for increased flexibility for years to come.