A Micro Loan is a loan, $300,000 or less, provided to franchisees to help cover the initial franchise investment. There are often a number of unique circumstances that prohibit you from accessing traditional financing. We'll do our best to work with you and your "unique" situation.
How it works
-
A franchisee completes an application, background check, and brief underwriting
-
If approved, the franchisee would receive a micro loan
-
Terms will vary depending on your situation
Micro Loan
A Micro Loan is valuable for anyone who has a "unique" situation prohibiting them from accessing traditional financing. Situations may include:
​
-
Initial investment is too small ($200,000 or less)
-
High debt due to specialized schooling
​
Micro Loan Averages:
​
-
Average loan size: $75,000 - $300,000
-
Average loan approval timeline: 1-2 weeks
-
Average interest rate: 7-10%
