Quickly compare loan offers from multiple lenders
Are you thinking of being your own boss and starting your own franchise business? For aspiring entrepreneurs, acquiring a franchise is an attractive option as it allows them to take full advantage of a famous and established brand image, increasing their chances of success. And now with more than 770,000 franchise establishments generating more than $787 billion each year, the US sector offers plenty of opportunities for you to thrive.
No matter the passion, talent, and business acumen, without adequate finance, you can’t turn your franchise dream into a reality. Launching a franchise business requires a significant amount of investment, from ongoing royalties to hefty fees to advertising costs. Not everyone has access to that large upfront investment. So, if you need funding to run and grow your business, you might find it challenging to navigate the various options available.
Therefore, it’s vital to know where to turn when looking for franchise funding options. Here at Smansha, we help you explore loan options from 40+ franchise lenders and pick the best one as per your business needs and budget.
Look no further than Smansha lending marketplace to secure franchise loans that are as unique as your business. With our pioneering lending platform, we’ve backed small businesses across the country – with lower rates of interest, no hidden fees, no perfect credit requirement, and a variety of franchise loan offers to choose from.
There are a plethora of business loan options to finance your franchise. Once you understand the costs, how much amount you need, and how quickly you need it, you can start to narrow down the perfect option for you.
A sought-after lending option for those buying franchises is equipment financing. This type of loan helps you purchase all the tools and technologies to get your store up and running. You can acquire everything from tables to computers, commercial oven, or virtually any other equipment required for your business.
Up to $5 million
As low as 7.5%
Out of the various SBAloan programs, both the CDC/504 and the 7(a) are one of the best and
most popular franchise financing option.
Up to $20 million
10 to 25 years
7% to 9.5%
Up to $5 million
10 to 25 years
4% to 7%
A term loan is a simple funding option to achieve your short and long term franchise business goals, gives you the ability to use the money to work where you see fit.
Up to $1 million
1 to 3 years
As low as 8%
We mention this last, but certainly not least. It is another popular funding option among entrepreneurs to access money to address various business expenses and other short-term situations where you need quick access to extra capital. Business line of credit is an example of “revolving credit”.
Up to $500K
8% to 24%
There are tons of options available in the funding world, you just have to look for the right option catering to your needs and Smansha Marketplace can help you with it. Apply in just 15 minutes by filling out one simple application, compare options from 40+ lenders, and get the capital you need in as little as 24-48 business hours.