[Stiina]

Any one know any of reputable companies looking to fund people who want to become franchise owners?

[Cfairbank]

ApplePie Capital

[Stiina]

Awesome! Thank you!!

[Stiina]

their commission is only 1% fyi

[Triton]

their commission is only 1% fyi

They are offering a service that is rare in the alternative space. Would you prefer 0% of nothing because you can't fund the deal?

[FUNd]

I just funded a renewal for 2 points because I got shopped by my existing client. But the real reward was ripping it out of the other brokers hands at the goal line #1 and keeping my client on the books #2. It's a good day.

[Triton]

I take haircuts all the time. It's not always about the dollar amount rather than making a dollar. I'd rather walk away with $1500 on a $100,000 loan then kick myself in the @ss because I wasted all that time working the deal and lost it in the 11th hour because I was greedy.

[Cfairbank]

their commission is only 1% fyi

Sorry, we aren't a broker so not familiar with their commission structure but I know their backers, QED -- they are probably the top investor in the alternative finance market -- they also invested in Prosper, Fundera, CAN, avant, Sofi, Borro, GreenSky, CreditKarma, LendUp, and several others. ApplePie IMO is clearly the best in the biz for franchise financing, and offer great rates to clients that qualify.

[Stiina]

The reason I asked in the first place is that we already have a partner that does Franchise Loans, well two actually - one doesn't do CA loans, and I was looking for something to widen the opportunities for my clients. The one we have is 8-12 points with FICO down to 500(for up to $500K loan), so when I heard 1 point and they only take 700+ FICO, a net worth of over $500k and above $150K Liquidity(for a $200-$500K loan)... That's a tight knot hole in comparison. It's not being greedy, it's figuring out if the juice is worth the squeeze and if their guidelines will work with my clientelle.

Thanks for the suggestion!