Franchise Financing Program
Treasure Coast Financing offers special financing programs for franchise operations nationwide. Whether a franchisee is looking to acquire, refinance or re-image an existing location or open a new location, Treasure Coast Financing can structure a transaction to meet their needs.
Program:
- 100% financing for Furniture/Fixtures, Signage & Equipment
- 80% financing for Leasehold Improvements
- (Not to exceed 50% of total equipment cost)
- 65% of acquisition cost
Term: Up to 60 months
Rate: Fixed rate based on credit.
Fees:
- No documentation or processing fees.
- Some transactions may require an inspection from an outside source $250
- UCC Filing Fees from State may be required.
Application Only:
- For equipment up to $75,000.00
- With financial package, amount approved is based on credit strength.
Credit Criteria Existing and Start Ups:
I. Existing Franchisee
1) Established credit on the guarantor(s) with positive pay history
2) Current personal financial statement
3) Business Financial Statement or Tax Returns for the last 2 years (if applicable)
4) Tax Returns on guarantors for the last two years
5) A completed Source of Use of Funds form
6) Financial Statement on any existing store requesting to be remodeled or purchased
II. Start Up Franchisee
1) Personal credit scores above 725 with established pay history
2) Personal Financial statement on guarantors
3) Minimum personal net worth of $250,000 or 2X the requested finance amount (whichever is greater).
4) Business Plan required
5) Tax Returns on guarantors for the last two years
6) A completed Source of Use of Funds form
Contact Treasure Coast Financing today to learn more about the Franchise Financing Program.
772-978-1194 or franchise@treasurecoastfinancing.com
