$150,000 - $5,000,000
- Management experience is required, direct industry experience is strongly preferred
- Borrowers/owners must have acceptable personal credit histories with no historical personal or corporate bankruptcies
Most franchise concepts, with at least a 2 year track record, will be considered. These include (but are not limited to): hospitality, restaurant, daycare, fitness, retail and business services.
Key Terms $ Features
- Down payment as low as 15%, LTV up to 85%
- Competitive interest rates
Up to 25 years fully amortizing with commercial real estate
Up to 10 years fully amortizing non real estate based
- Available for start-up of new location, expansion of current business and/or acquisition/transfer of existing qualified franchises. Financing is also available for equipment purchase/upgrade, site remodeling, and working capital (including franchise fee, loan packaging fee and SBA guaranty fee).
- Recourse loans (personal guaranty will be required)
Collateral requirements: First security interest in all business assets, personal assets may also be required.
- Loan prequalification service is available with no charge or obligation by providing limited information
- Submit a Franchise Disclosure document to be added to Cornerstone Bank’s approved franchise list
See a Testimonial from one of our top franchisees:
Cornerstone Bank Small Business Capital Group