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Financing Option

As a national Preferred Lender Program (PLP) lender and the nation’s largest Small Business Administration (SBA) lender with more than $1 billion in loans in 2013*, Wells Fargo has the reliability and expertise to identify and customize the best financing package to fit your business needs and streamline the loan process. 

SBA 7A Loan Program

Loan Amount: Up to $5,000,000

Use of Funds

Single/Multi-Unit Acquisition: Up to 10 years
Equipment & Inventory: Up to 10 years
Working Capital: Up to 10 years
Leasehold Improvements: Up to 10 years
Commercial Real Estate: Up to 25 years

Interest Rates

Fully Fixed & Variable Rate Options
(Depending on Use of Funds)

Equity Injection Range

New Franchisee
Start Up/Leaseholds: 30%

Current Franchisee (new or existing location)
Expansion/Leasehold: 20%
Business Acquisitions: 15%
(Buyer at least 10%)
Commercial Real Estate: 10%

General Criteria

Direct/Transferable Industry Experience
FICO Credit Score Generally > 640
No Bankruptcy in Past 7 Years
Personal Guaranty > 20% Ownership

Wells Fargo Lending States

All States Except HI, ME, NH, RI, VT

*Wells Fargo is the #1 SBA 7(a) lender by dollars according to the U.S. Small Business Administration as of September 30, 2014.

Watch this video to learn details about NTY’s recommended financing option through Wells Fargo from our VP of Franchising:  

 

 

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