PARTNER
WITH DIAMOND FINANCIAL | WHY
LOANS GET DECLINED | SBA
FINANCING COMPARISON
FAQS | TOP
10 SBA MISCONCEPTIONS
| Traditional
Bank Financing |
vs. |
SBA
Franchise Financing |
| Higher Down Payment
(30-50%) |
|
Lower Down Payment (20-30%) |
| Limited to No Working
Capital |
Always Included |
| 5-7 Year Term (without
R.E.) |
Longer Term (10-25 years) |
| Higher Monthly Payments
for Buyers |
Lower Monthly Payments |
| Potential Lengthy
Loan Process |
5-6 Weeks Average Closing Time |
Smaller Pool of
Prospective Borrowers
(due to higher down payment) |
Larger Pool of Prospective Borrowers
(due to lower down payment) |
| Start-up Franchises
are Difficult |
Start-ups - No Problem |
| Not Educated with
Most Franchises |
Lenders are Very Pro-Franchise
& Aggressive |
| Top Credit Score
Usually Needed |
Do Not Need Perfect Credit |
|
