franchiselendingspecialists.com is now flsfunding.com
Possibly the Best Loan Available for Every Small Business
The FLS Funding Marketplace specializes in providing customized solutions to help businesses optimize their operations, streamline their processes, and achieve their objectives. Let us help you take your business to the next level.
SBA 7(a) and 504 loans
SBA 7(a) Loans
The standard SBA 7(a) loan has a maximum loan amount of $5,000,000. Typically, banks are allowed to lend up to 90% of the total project costs. The loans are fully amortized with no balloons. And there is no prepayment penalties for loans less than 15 years. Real estate loans can have amortizations up to 25 years and non-real estate loans can have amortizations up to 10 years. This makes the SBA 7 (a) loan a very popular choice for Start-up Businesses and Business Acquisitions.
It can be used for the following:
- Long or short-term working capital
- Purchase equipment, machinery, furniture, fixtures, inventory, supplies, and materials
- Purchase real estate, including land and buildings (some lenders will go as high as 100% financing on owner occupied commercial real estate, let us help you get in touch with the right lenders!)
- Construction of a new building or renovation of an existing building
- Establishing a new business or the acquisition, operation, or expansion of an existing business
- Refinancing existing business debt, under certain conditions.
SBA 504 Loans
SBA 504 loans are a little different than SBA 7(a) loans. With a 504 you not only deal with the bank but you will also be dealing a Certified Development Company (CDC). During the 504 loan process, both the bank and the CDC will underwriter your loan request. A typical 504 loan may have a structure of at least a 10% equity injection from the borrower, up to 40% of funds from the CDC, and up to 50% of the funds from the bank. Allowing the borrower to finance up to 90% of the project costs. The normal limit on the CDC portion is $5,000,000 allowing the borrower to use the 504 to finance a project up to $12,500,000 with just a 10% equity injection. Making this a great financing option for hotel transactions above $5,000,000.
- Interest rates are fixed for the amortization of the loan
- Interest rates are typically lower than the SBA 7(a) loan product
- Fees are capped
- Amortizations of up to 25 years for real estate
- Amortizations of up to 10 years for Equipment and Machinery
The majority of entrepreneurs only have experience in borrowing money for their home, car, college, or a credit card. It's not until they get caught in the quagmire of the government guaranteed loan programs that they realized they should have asked for help. This is where we come in.
Brian Denney, Co-Founder of FLS
FLS Funding Marketplace vs Other Online Franchise Lenders
The FLS Funding Marketplace
Other Online Franchise Lenders
Other Online Franchise Lenders
- Our Marketplace has franchise friendly lenders willing to finance up to 90% of the total project costs
- Our Lenders offer longer interest only payment periods so you can preserve more cash flow when you open
- FLS Funding is staffed with actual previous banking commercial credit underwriters to ensure your experience goes smoothly all the way to the closing table
- Easy online document collection software, you can even do it from your phone
- Our software allows you to see where you are at every stage of the process to give you a seamless application experience
Other Online Franchise Lenders
Other Online Franchise Lenders
Other Online Franchise Lenders
- Most of their lenders only finance 80% of the total project costs of startup franchise locations. Sometimes they go to 85%. This means you eventually discover that you have to inject more money into the project than you expected.
- Most do not have actual previous commercial underwriters on staff to assist you through the loan process. They are just staffed with salespeople, most with no previous banking experience.
- They do not collect enough required documents during the online application process. Making the client feel blindsided and frustrated once they begin working with a lender.