FREQUENTLY ASKED QUESTIONS
For what purposes does First Franchise Capital™ lend money?
- Obtain Real Estate
- Acquire Equipment
- Remodel or Re-image
- Finance Construction
- Acquire Stores
- Refinance Debt
- New Store Development Lines
- Restructure Ownership
How much do you lend?
- Transactions range from $200,000 to greater than $30 million with syndication
- Equipment loans can advance up to 100% of eligible costs
- Real estate loans are based on eligible costs and appraised value
What are FFCC’s terms/rates?
- 5-7 year term and up to 10 year amortization for equipment
- 10 year term and up to 15 year amortization for ground lease properties
- 10 year term and up to 20 year amortization for real estate
- Fixed or variable interest rate set at closing
What is needed for collateral?
- First lien on equipment, furniture and fixtures
- First mortgage on real estate
- Leasehold mortgages on ground leases
Who is eligible?
- 5+ unit owner/operators
- 3+ years of industry experience
- Approved franchise restaurant concepts
Why First Franchise Capital Corporation?
- Full array of loan products
- Customizable financing up to $30 million
- Franchise restaurant industry experience and expertise
- Personalized client approach
- Portfolio lender
- Competitive fixed and variable rates
- In-house loan processing, underwriting and servicing teams
- Strong financial backing from our parent company, First Financial Bank
How do I start?
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