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Perfect for franchise start-ups
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Variable interest rate
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9 months of interest only payments, limitations apply
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Capped at WSJ Prime Rate + 2.75%
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Reviewed quarterly by Federal Reserve
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Secured by business assets
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No personal collateral required for strong candidates
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10-year term, no pre-payment penalty
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Closes within 60 business days
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Required equity injection starting at 20% of total project cost from non-borrowed sources
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Additional $35k Line Of Credit at closing
Requires a business banking checking account to be established with the lending institution.
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