Closed Zoup Franchise Loan in Chicago with Less Than 1 Year of Financials

The seller of this Zoup franchise location in Chicago had purchased this business less than a year ago.  Because of personal reasons he needed to sell.  The problem was that he did not even have a fiscal year of financials to show us due to the circumstances he bought the store under.  We didn’t have 2 years of financials and tax returns which is what most lenders and banks would require in order to underwrite a purchase such as this and grant the Zoup franchise loan.

We really only had 9 months of P&Ls to base our decision on and NO TAX RETURNS at all… That’s it! Thank goodness Zoup was an approved brand that we could finance through our Non-Bank /Non-SBA Franchise Hedge Fund. We were able to secure the new owner a Zoup franchise loan with a 6.99% FIXED Rate on a 10-year term with 20 percent down!  We were even able to get him working capital that would allow the buyer to replenish some of his Zoup franchise loan down payment right away!  What is also nice is he only had to show the 20% down a week before the closing so these funds really did not have to be seasoned whatsoever.  Now the new owner is looking to expand with another location very soon!  He should have a Zoup empire here shortly with the help of our Franchise Hedge Fund!

20 Reasons Why A Franchise Loan Is An Amazing Alternative To SBA Loans

  1. NO PERSONAL COLLATERAL REQUIRED (Won’t take house)
  2. Full Funding Within 30-45 Days
  3. Fixed Term Rates Start at 6.5%
  4. Less Hassle & Red Tape Than SBA
  5. LTV up to 80% (existing operations) / 75% (new operations)
  6. NO 3rd Party Fund Control on build-outs
  7. 3-10 years Amortizations
  8. Seller Notes Allowed
  9. Get Capital to Finance New Units
  10. 6 Mo. Interest-Only Grace Period on buildouts
  11. Multi-Unit Roll-Outs or Financing
  12. Passive Investors Accepted
  13. No Current Experience Necessary
  14. NO Pre-Payment Penalties
  15. SBA Approval Not Required
  16. Available in All 50 States
  17. Loan Amounts from $100K to $10M
  18. Out of State Borrowers OK
  19. Can Add Working Capital
  20. Depository Relationships NOT Required

Get Help With Franchise Financing Today

If you need our help or just have a few questions to ask, our experts are here for you. Please call us at 800-975-1691 or fill out our short form and one of our team members will get back to you within 24 hours.

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