Flexible Small Business Loans and Financing

The best lender for a business loan is the one whose program matches your revenue, credit profile, funding purpose, timeline, and repayment capacity. Franklin Financing Services works with national lenders and multiple financing products, including SBA loans, term loans, cash advances, and revenue-based financing, so business owners are not limited to one bank’s approval criteria.

Funding speed varies by program. The FAST TRACK term loan program can provide an answer in 24-48 hours with funding shortly after approval, sometimes in as little as 3 days. Easy Pay Cash Advance approvals may also be available in 48 hours, with funding in under 7 days for qualified businesses.

Available options include SBA loans, business term loans, unsecured business loans, revenue-based financing, Easy Pay Cash Advance, equipment leasing, accounts receivable financing, debt restructuring, acquisition financing, real estate financing, and specialized programs for industries like healthcare, construction, churches, restaurants, hotels, and professional services.

Some Franklin Financing Services programs are designed for businesses that may not qualify through traditional banks. Easy Pay Cash Advance may consider businesses with poor credit, late payments, or previous bank turndowns, provided they meet sales and card-processing requirements. Other programs, such as SBA loans, have stricter credit and cash-flow standards.

Documentation depends on the financing program. FAST TRACK term loans may require only an application and the last four months of bank statements. Revenue-based financing typically requires two years of monthly financial statements, revenue by customer, a debt schedule, and projections if available. SBA loans usually require more detailed underwriting and credit review.

Loan amounts vary by product. Business term loans range from $20,000 to $500,000, while FAST TRACK loans range from $20,000 to $100,000. SBA 7(A) loans range from $150,000 to $5.0 million. Easy Pay Cash Advance provides up to $150,000 based on average monthly credit card receipts.

Yes. Revenue-based financing uses a pre-established percentage of monthly revenue, typically 3%-9%, which can create smaller payments in slower months and larger payments when sales are stronger. Easy Pay Cash Advance repayments are tied to future credit card receipts, with businesses typically keeping 80%-85% of card receipts.

Collateral and personal guarantee requirements vary by program. Some cash advance programs may not require a personal guarantee, financial statements, tax returns, or asset documentation. SBA loans, equipment financing, and conventional term loans may involve more underwriting, collateral review, or guarantor requirements based on lender criteria and loan purpose.