Merchants Choose Franchise Financing From Principis Capital’s Franchise Loan Alternatives
Franchises benefit from a recognizable brand but when it comes to keeping 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 franchise loan and been turned down, or you can’t afford to wait the weeks and weeks a bank loan would take to get you the capital you need. A franchise loan alternative from Principis Capital offers a better way:
It’s Our Money – There’s No ‘Middle-man’
When you get an answer from us, you know it’s valid and that the funds will arrive in a short period of time.
Fast and Simple
Most of our franchises receive a pre-qualification from us within 24 hours of submitting the 1-page application, and actually receive the money in their business bank account within 7 days. The process for obtaining a traditional small business loan from a bank could take several months. Learn how our cash advance underwriting process works!
Minimum Documentation and No Collateral Required
We’re not a bank, so we don’t require the same level of documentation to provide franchise financing with an alternative franchise loan with bad credit. For example, unlike for traditional bank loans, you do not have to provide tax returns, financial statements, or physical collateral in order to obtain a business cash advance. We have a simple one-page application and only require 4 months of credit card processing statements and 2 months of bank statements.
Personal Credit Isn’t a Problem
We take many factors into consideration through our proprietary underwriting process, and we have funded thousands of merchants who have credit scores of under 500. Business loans often require a minimum FICO or credit score. Read how you can qualify for our business cash advance.
No Fixed Payment Schedules
It is a business cash advance where we get paid back over time as your credit card sales come in. If your business slows, our payback also slows down. There are no fixed payments scheduled and no amortization schedules to deal with. Learn how merchant cash advances work.
What Principis Capital Can Do for Your Franchise
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 also have to be prepared for unexpected needs. One problem with a traditional bank loan is its inflexibility. When applying for a loan you may have to outline exactly how you intend to spend it, and banks’ strict payment deadlines don’t allow you to hold on to capital for uses you can’t anticipate. Here are just a few things you can use one of Principis Capital’s bad credit franchise loan alternatives for:
- Restocking your inventory
- POS, inventory management, or other equipment
- Franchise fees
- Expanding your advertising
- Buying out a partner
- Repairs, renovations, and expansion
- Opening a new location
- Any other needs
What Small Business Owners Are Saying About Our Franchise Financing
Working with Principis Capital was pleasant because they were professional, understanding, and took a personal interest in my business…I got my money very quickly, I didn’t have a fixed deadline, and I was able to pay less when business was slow.
I am the owner of two stores in San Francisco dealing in the sale of table linen, bedding, antiques, and Chinese artifacts, all imported from mainland China. I’ve been in business for over 25 years at the same locations. Principis Capital helped us when we needed fast financing; we had our money within 10 days! I was also surprised how fast I was able to rollover the financing, the process was done within one to two days at most.Mr. Joanel Albert, Director of Renewals, has helped us a great deal. Questions and answers were explained immediately. He has helped us a great deal, and that is one of the reasons we will be staying with Principis Capital.
You are the best! You have saved my business and once I am again in good shape, I will remember that it was you who put me there!