Franchises benefit from a recognizable brand but when it comes to keeping your business afloat and your cash flow healthy, you’re left to fend for yourself. The only thing more challenging than keeping your franchise running is getting the funding you need from the bank. Maybe you’ve applied for a small business loan and been turned down, or you can’t afford to wait the weeks and weeks on a bank loan. Opportunity rewards those that take quick action! A merchant cash advance or small business loan from UNI Capital Management offers a better way:
Most of our franchise clients receive a pre-qualification from us within 24 hours of submitting the online application, and often receive the money in their business bank account within 7 days, ready to handle any business expenses or franchise fees. The process for obtaining a traditional small business loan from a bank could take you several months. Learn how our small business loan and merchant cash advance application process works!
We are not a bank, so we don’t require the same amount of documentation from franchise owners. You don’t have to fill out 20+ documents and provide tax returns, financial statements, or use your franchise location or equipment as collateral to obtain a business cash advance. We have a simple one-page application and only ask for 4 months of credit card processing statements and 3 months of bank statements.
We take many factors into consideration through our proprietary application approval process, and we have funded many franchise owners who have credit scores 550 and above. Business loans from banks often require franchise owners to have a higher minimum FICO or credit score. Read how you can qualify for our merchant cash advance and small business loan.
A merchant cash advance isn’t a traditional loan. The advance is paid back as a percentage of your franchise location’s daily credit card sales. When sales go up, you pay back more and when business slows, you pay back less. Simple, flexible, and eliminates the stress of paying back a loan. Learn more about our business cash advances.
Any small business owner knows that it costs money to make money, and that goes double for franchises. On top of all the normal costs of doing business, you have franchise fees to pay.
One problem with a traditional bank loan is its inflexibility. When applying for a bank loan you may have to outline exactly how you intend to spend it, and banks’ strict payment deadlines requires you to pay a fixed amount, even when things might be slow for you.
Here are just a few things you can use one of UNI Capital Management’s small business loan alternatives for: