For those who want to realize the American Dream to own one’s own business, many opt to purchase a franchise. Owning an outlet associated with a well-established company is a sound business practice. And among franchise opportunities restaurants offer some of the greatest chances to succeed. Why? They serve a consumer demand so it is no wonder that the major national franchises are fast food outlets.
Many franchisees work their way up within existing franchises then venture out on their own. This way they know if they have the skills and stamina necessary to make it in the restaurant business. There is a difference, between being an employee and an owner. Due to the relatively low margins in this industry, restaurant franchise owners often face working capital challenges that require sound financial backing. These issues may include code compliance, making payroll or the repair and replacement of equipment and furnishings. In the happy event that your franchise succeeds, there may be the need to expand and with it the need for additional funding. But where can owners turn for a fast loan approval for additional franchise financing?
Do you own a franchise or are you looking to lease a new location for your existing franchise? When you need to borrow money quickly there is only one name to know: ours. National Business Capital provides franchise financing and restaurant financing for current franchisees and offers funding programs with a variety of customizable options.
There are a wide variety of important reasons why a franchise owner may contact us regarding our professional financing services. Many franchisees will use our franchise financing for remodeling, mandatory franchise updates, new location acquisition and equipment purchases, repairs and upgrades.
When Your Bank Denies Your Loan, Turn to National Business Capital for Franchise Financing
With the relatively low margins in the restaurant industry, many franchise owners are cash strapped and may even have a turbulent credit history. This is not a problem. National Business Capital considers the big picture when making our loan decisions so a low FICO score does not pose an immediate disqualification. In fact, the majority of our clients were denied franchise loans from traditional banks before contacting us.
Know that National Business Capital offers franchise loans to small– medium- and large-sized businesses nationwide – and works with all types of businesses, no matter what their credit history. When you choose National Business Capital as your lender, you will appreciate zero upfront fees and approval in 24 hours or less. National Business Capital is extremely proud of our over 90% approval rate.
Our clients’ franchise financing needs are addressed quickly, efficiently and with a personal touch, regardless of their credit score. Even an open tax lien will not disqualify an applicant. For more information or to fill out our two-minute application, please click here. Do you have additional questions about franchise financing, franchise loans or restaurant financing? Please give us a call at (888) 888-9124. Our Business Consultants are standing by to assist you.
We have successfully provided franchise loans and restaurant financing to such recognizable and far-reaching brands (but not limited to) as Subway, CiCi’s Pizza, Meineke Car Care Center, Golden Crust, Golden Corral, Firehouse Subs, Kentucky Fried Chicken, Domino’s Pizza, IHOP, Burger King, Jack in the Box and Quizno’s, to name a few! Let’s continue the success story that your long hours and hard work have brought about and take your business to the next level! Contact National Business Capital to discuss your restaurant financing today!