After looking at SBA loans, the now-owner of Orange Theory Fitness realized that franchise financing would be a great fit for his financing needs.
Now that his loan is secured, he has a new, sustainable source of income for him and his family.
|$450,000 ($50K working capital included)||Loan Closed 25 Days After Full Submission|
|75% Loan-to-Project Cost||No Escrow for Build-Out|
|8.73% Fixed Rate for 7 Years – (6 months interest-only)||Borrowers Had NO Industry Experience|
|NO Personal Collateral & NO Real Estate||NO Prepay Required|