SubscribeWhat are interest rates of SBA loans? From the website for their 504 program:“Interest rates on 504 loans are pegged to an increment above the current market rate for five-year and 10-year U.S. Treasury issues. Maturities of 10 and 20 years are available. Fees total approximately three (3) percent of the debenture and may be [...]
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Getting A Franchise Loan With Bad Credit
Even if you have a bad credit score or poor credit history, it’s still possible to qualify for a franchise loan. Franchise loan amounts can vary from $10,000 to $100,000, but there are many factors involved in how much you will qualify for to get your franchise business up and running. If you [...]
Financial Challenges Facing Franchise Businesses
The current financial conditions facing franchise owners can only be described as extremely difficult. Recent reports show that SBA loans for franchises are at a record default rates in 2008-2009. Compared to 2007 the default rates have gone up 43% and have cost the SBA over $93 million last year.
The above statistics indicates that franchise [...]
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