Low-doc SBA Loans
For franchisees who need $25,000 – $150,000 to launch their home care business, Low-doc SBA loans can be a quick and simple way to get funded. They offer the same benefits of a traditional SBA loan but can close in 45 days or less, making them beneficial for those on a deadline.
Because ComForcare is on the Small Business Administration’s list of approved franchises, you’re automatically pre-qualified for a low-doc SBA loan. Plus, no collateral is necessary; the loan is secured by business assets. Other eligibility requirements include:
- 690+ credit score.
- At least 10 percent equity injection (down payment).
- No bankruptcies within the last three years.
- Pre-paid franchise fee.
Guidant Financial can connect you to hundreds of lenders who offer preferable rates on Low-doc loans. To learn more or for a free consultation with one of their franchise financing experts, call 888.472.4455 or click here to contact us.