How to Finance Your TapSnap Franchise? 2018-01-22T14:17:23+00:00

How to Finance Your TapSnap Franchise?

Program Funding Amount Eligibility Benefits Timeframe
Rollovers for Business Start-ups $40k+
  • $40k in eligible
    rollable retirement assets [401(k),
    IRA 403(b), TSP, Keogh, etc.]
  • Owner must be a bona
    fide employee of the business
  • Debt-free way to start a business
  • No collateral needed
  • No tax penalties
3 weeks
SBA 7(a) Loans $150k –$5m
  • 640+ credit score
  • 20-30% down payment
  • Industry/management experience
  • Secondary source of income (preferred)
  • Term loans with low interest rates
  • Access to 3,600+ lenders
  • Money-back guarantee
  • Dedicated loan consultant
  • Single loan application
  • Rapid loan package analysis and approvals
2 – 4 months
Unsecured Loans $25k –$150k
  • 690+ credit score
  • Minimal credit inquiries
  • Less than 50%
    credit utilization
  • Low introductory interest rates
  • No collateral needed
  • Helps build business credit
  • No use of proceeds requirements
3 weeks
Portfolio Loans Up to 80% account balance
  • No minimum credit
    score required
  • Minimum of $85k
    in securities
  • Stocks trading at more
    than $5/share
  • No liquidation of existing securities
  • Low interest rates
  • Deferred payments if opening new franchise (up to 24 months)
  • Flexibility with revolving line of credit
2 – 3 weeks