There may be times when purchasing an existing franchise or business — versus building new — is a smart solution. If you find yourself in this situation, there are quite a few things to consider. The five key elements a borrower should have to obtain credit:
- Character (integrity)
- Capacity (efficient cash flow to service the obligation)
- Capital (net worth)
- Collateral (assets to secure the debt)
- Conditions (of the borrower and the overall economy)
You can utilize our funding options for just about any business such as:
- Professional Practice (Doctors, Veterinarians, Accountants, Lawyers)
- Service Renderer
- Hotel & Motel
Interest rates will also vary, depending on the overall credit picture and the amount of financing required. Each business's situation is different, and so is each borrowing process.
It just so happens that Benetrends is more than well-equipped to assist you with all of your business acquisition funding needs. In fact, through SBA loans and other funding options, we have the ability to get up to 100% of the financing you’ll require.