Text/Call: (631) 430-4244

AboutServicesWork with Us

Your #1 Source for
SBA Startup Loans for Franchise Owners.

Everyone's Reason To Start A Franchise Is Different

I need to do what I need to do to get out there and build generational wealth.

Danielle H.

I started a company myself and ran it for 3 years. I want to try again but not from scratch.

Afton H.

I want to bring something positive back to my community.

Courtney W.

At the end of the day, when you are working for someone else, your time is limited..

Marie B.

I am a hard worker. If I can do this for someone else, what can I do for my own business?

Flor L.

I am motivated by money, but I'm more motivated to make an impact.

Jady B.

It's always been a goal of mine to diversify. I have just one main source of income and I want multiple things to tap into.

Doug H.

Need Help Choosing the Right Franchise?

Our trusted franchise consultants offer expert guidance to help you explore the best franchise options.

Have a Franchise in Mind? Let Our SBA Experts Get You Funded.

Our team specializes in SBA loans to help first-time franchise owners:

Your SBA Loan Options for Starting a Franchise...

Explore the two SBA loan options that provide working capital to new franchise owners.

SBA 7ASBA CA
Loan Amount$100K - $5M$50K - $350K
Interest Rate7.75% - 10.75%11% - 12.25%
Saving needs20% of your total project cost.15% of your total project cost.
Credit score needed625+No minimum credit score.

Get Access to Both SBA Programs with Our 25 Lenders.

Step-by-Step Guidance

With our expertise in lender requirements, we help you meet every criteria for SBA loan approval and funding.

Quick Qualification

Get qualified for an SBA franchise loan in just 24 hours with a single call.

File Preparation

We assist with your business plan, financial projections, and all essential documents to streamline your SBA loan approval.

Flexible Lender Choices

Receive pre-approvals from two lenders and choose the one that best aligns with your goals.

Trusted by Franchise Owners Nationwide for SBA Loan Success.

Hear from franchise owners who secured SBA funding with our support.

The Learning Experience

Franchise Owners: Elliott & Towanda

HomeWell Care Services

Franchise Owner: Deric Holloway

Securing SBA Financing Can Be Challenging...

Many of our clients have experienced setbacks before finding success with us.

PNC Bank approved me one month ago, and then rejected me and I don't know why. I took training from SCORE who said make a relationship with my bank, and it did not work.

- Patrick I.

I've been looking for a franchise for 2.5 years and finally found the right one; now I'm ready for financing and was denied by Navy Federal who I've been investing money into for 20 years.

- Derrick W.

With Our Process, Get the SBA funds to Open Your Franchise in 8 Weeks.

1

24 hours

Lending Consult

We assess your qualifications, determine the best SBA program, and show you what's needed for an approval.

2

1-2 Weeks

Business Plan & Financial Projections

We assist with all essential documents, from business plans to financial projections, for a strong SBA loan application.

3

3-6 Weeks

Approval & Funding

We present your file to lenders ready to fund your franchise and guide you to final approval.

Frequently Asked Questions

Can I use an SBA loan for a new franchise?

Yes, you can use an SBA loan to cover expenses associated with starting your new franchise. SBA loans for franchises can fund:
  • Franchise fees
  • Franchise training
  • Marketing
  • Equipment
  • Hiring Staff
  • Leasing your location
  • Leasehold improvements
  • Inventory & supplies
  • Emergency funds

What are the requirements for an SBA loan for a franchise?

The key requirements for an SBA loan for a franchise include:
  1. Personal Credit Score: 625 or higher.
  2. Savings: At least 15% of the loan amount in savings.
  3. Personal Income: Sufficient income to cover personal expenses (or your spouse's income covers your personal expenses).
  4. Experience: Relevant industry experience or skills to help you be successful.
  5. Business Plan: Detailed plan outlining your business, competition, marketing, and industry.
  6. Financial Projections: A forecast of your business' performance for the first 2-3 years.
See qualifications for more details.

How much can I borrow with an SBA loan?

With LenPick's SBA loan services, you can borrow from $50,000 to $5,000,000 depending on the lender.
  • SBA 7A loans: Borrow from $100,000 to $5,000,000.
  • SBA CA loans: Borrow from $50,000 to $350,000.

What are the interest rates and terms for an SBA loan?

As of November 2024, SBA loan interest rates range from 7.75% to 12.25%. SBA 7A loans charge interest based on prime rate (currently 7.75%) plus 0-2.75%. SBA CA loans (non-profit) are higher at prime rate plus 4.5%.

SBA loans typically have 10-year terms, with no prepayment penalties. SBA CA loan amounts range from $50,000 to $350,000, while SBA 7A loan amounts range from $100,000 to $5,000,000.

What documentation do I need to apply for an SBA loan?

To apply for an SBA loan for your franchise, you will need the following:
  • 3 years of personal tax returns
  • Recent pay stubs
  • W2 (if employed)
  • Recent bank statement showing savings
  • Personal financial statement (assets & liabilities)
  • Business plan
  • Financial projections
  • Business license
  • Franchise disclosure document (FDD)
  • Franchise agreement
  • Lease or letter of intent
See qualifications for more details.

HAVE A QUESTION?

Fill out the form, and we will get back to you within 24 hours with the answers you need!

* Please insert your full name.

* Please insert a valid email.

* Please insert the message.