Are you a looking to finance a franchise location? Consider an SBA 504 loan – it is a great option for those purchasing real estate or updating or an existing franchise location to meet brand standards. SomerCor President & CEO, Manny Flores, provides more details on the favorable borrower terms in Forbes.

A franchise, while tied to a national or regional brand, is still a small business. It is up to the franchisee to provide the necessary capital and management to operate. And when it comes to financing the acquisition and development of a franchise, many franchisees opt for a Small Business Administration loan.

As the president and CEO of a company that provides these types of loans, I’ve seen that they can provide favorable lending terms for entrepreneurs to borrow needed capital to grow their businesses.

The SBA 504 program offers up to 90% financing with 10-, 20- or 25-year terms available at below-market fixed interest rates – up to $5.5 million. Borrowers also enjoy predictable and lower monthly payments. This financing structure frees up working capital that would normally be designated for paying off loans, to instead be reinvested back into growing the business.

You can read the full article here. Ready to turn your entrepreneurial dreams into reality? Contact the SomerCor team today!

The SBA 504 loan program assists America’s small businesses for the acquisition of commercial real estate and heavy machinery/equipment, as well as refinancing certain qualifying fixed-asset debt. SomerCor helps you obtain the SBA 504 loan, which provides long-term, fixed-rate financing or refinancing for up to $5.5 million of your overall loan. Click here to learn more about this program.