Advertiser Disclosure

💳 Save money on credit card processing with one of our top 5 picks for 2024

The Ultimate Guide To SBA Franchise Loans

Franchisees that need extra funding for their franchise business can look to low-interest SBA loans. Find out which SBA loans are best for franchises and whether you qualify.

    Erica Seppala
  • Last updated onUpdated

  • Chelsea Krause
  • REVIEWED BY

    Chelsea Krause

    Lead Staff Writer

Our content reflects the editorial opinions of our experts. While our site makes money through referral partnerships, we only partner with companies that meet our standards for quality, as outlined in our independent rating and scoring system.
Key Takeaways
  1. SBA loans offer competitive rates and flexible terms, making them a great option for financing new or growing franchises.
  2. There are three main types of SBA loans most suitable for franchises: Standard 7(a), SBA Express, and CDC/504.
  3. To apply, you must have a strong credit score, own a for-profit business in the U.S., and meet size standards set by the SBA. You must also be prepared to wait 90 days or longer to get funded.
Erica Seppala

Erica Seppala

Editor & Senior Staff Writer at Merchant Maverick
Erica began writing on small business topics in 2008. She joined Merchant Maverick in 2018 and focuses on loans, accounting, and POS. She is a Certified ProAdvisor for QuickBooks Online and QuickBooks Payroll. She has been cited in MSN, Reader's Digest, Vox, U.S. News & World Report, and Real Simple. She is a graduate of Limestone University and resides in Greenville, South Carolina.
Erica Seppala
View Erica Seppala's professional experience on LinkedIn.
Our Experts Are Listening

Get in touch with a real human being on the Merchant Maverick team! Send us your questions, comments, reviews, or other feedback. We read every message and will respond if you'd like us to.

Our Experts Are Listening

Get in touch with a real human being on the Merchant Maverick team! Send us your questions, comments, reviews, or other feedback. We read every message and will respond if you'd like us to.