Franchise Finance Program

Drexel Brothers offers special financing programs for franchise operations nationwide. This program is for borrowers looking to acquire, refinance or re-image a franchise. This loan can be used for franchises to improve an existing location or open a new one


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

Loan Term:

Up to 60 months

Interest Rate:

Fixed rate based on credit.

Loan Fees:

No documentation or processing fees. Some transactions may require an inspection from an outside source, which is $250. UCC Filing Fees from State.

Guarantor:

All principals with at least 10% ownership in the business.

Docs Needed:

Existing Franchisee
• Established credit on the guarantor(s) with positive pay history
• Current personal financial statement
• Business Financial Statement or Tax Returns for the last 2 years (if applicable)
• Tax Returns on guarantors for the last two years
• A completed Source of Use of Funds form
• Financial Statement on any existing store requesting to be remodeled or purchased
Start Up Franchisee

• Personal credit scores above 725 with established pay history
• Personal Financial statement on guarantors
• Minimum personal net worth of $250,000 or 2X the requested finance amount (whichever is greater).
• Business Plan
• Tax Returns on guarantors for the last two years
• A completed Source of Use of Funds form