"I get a lot of calls from individuals with SBA loans who want to refinance them," he says. "They might have gotten in at 8%, and now the rate has gone up to the high 9s or credit score free Virginia 10s." For at least one big SBA lending participant, Wells Fargo Bank, a unit of Wells Fargo & Co., it's credit score free Virginia still business as usual. Burke, senior vice president of the bank's SBA lending unit. Nor, he adds, has the bank changed its credit criteria. Last year, Wells Fargo closed 209 SBA loans to franchisees and "year over year we're up," he says. Wells Fargo concentrates on lending to credit score free Virginia service- and restaurant-industry franchisees -- both first-timers and established multiple-unit operators. free credit reports scores
Interest rates are market-driven and terms depend on the specific deal, Mr. Another government lending program involves credit score free Virginia the Department of Veterans Affairs. The program, called Patriot Express because of its relatively fast credit score free Virginia approval time, makes loans up to $500,000 to active-duty military preparing to transition to civilian life, as well as to spouses and survivors of veterans. In a credit score free Virginia spinoff of that, at least one franchiser is offering financial assistance to disabled veterans credit score free Virginia who want to start a franchise. free company credit check At Little Caesars Enterprises Inc., the initial $20,000 franchise fee for a store is waived for disabled veterans, and these franchisees get a 10% discount on equipment, plus about $18,000 to help open the business. "Their first food order -- dough, sauce and cheese -- we give them for free," says David Scrivano, president of the pizza franchiser.
A few other franchisers offer internal financing to the general population. One is Dwyer Group, which franchises a half-dozen home-and-auto service concepts including Mr. The Waco, Texas, company will finance up to 70% of the typical initial $42,000 fee. The interest rate -- currently at 9% to 12% -- is based on the franchisee's credit score. Rates "may seem high," says Robert Tunmire, Dwyer's executive vice president, "but they're not putting their homes up as collateral or anything like that." Dwyer also gives a 10% discount to franchisees who pay cash. free annual credit report no credit card
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