This article is based on the video featured above, originally recorded for Vetted Biz Youtube Channel.
Starting or expanding a franchise is an exciting opportunity, but it can also be a daunting task. One of the biggest challenges that franchisees face is finding the right financing options to fund their business. There are many different financing options available, and it can be overwhelming to try to compare and contrast them all. That’s where this article comes in. We have compiled a list of the top 50 franchise financing companies of 2023 to help you make an informed decision about the options available for your business.
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Before we dive into the list, let’s take a moment to understand the different types of financing that are available for franchises. There are several common options, including traditional bank loans, Small Business Administration (SBA) loans, and alternative financing options like crowdfunding and merchant cash advances. Each option has its own set of pros and cons, and it’s important to carefully consider which one is right for you. In this article, we are looking only at SBA loans.
According to data from the Small Business Administration, these are the top 50 franchise financing companies of 2023. They are sorted in order of gross amount lent.
The top 5 franchises that Live Oak Bank lent to are:
The top 5 franchises that Celtic Bank lent to are:
The top 5 franchises that GBank lent to are:
The top 5 franchises that The Huntington National Bank lent to are
The top 5 franchises that United Midwest Savings Bank, National Association lent to are:
The top 5 franchises that Readycap Lending lent to are:
The top 5 franchises that Wallis Bank lent to are:
The top 5 franchises that Commonwealth Business Bank lent to are:
The top 5 franchises that Peoples Bank lent to are:
The top 5 franchises that Byline Bank lent to are:
The top 5 franchises that Open Bank lent to are:
The top 5 franchises that Citizens Bank lent to are:
The top 5 franchises that US Metro Bank lent to are:
The top 5 franchises that Home Loan Investment Bank, F.S.B. lent to are:
The top 5 franchises that Wells Fargo Bank, National Association lent to are:
The top 5 franchises that First Chatham Bank lent to are:
The top 5 franchises that First Western SBLC lent to are:
The top 5 franchises that KeyBank National Association lent to are:
The top 5 franchises that Millennium Bank lent to are:
The top 5 franchises that PCB Bank lent to are:
The top 5 franchises that Pinnacle Bank lent to are:
The top 5 franchises that First IC Bank lent to are:
The top 5 franchises that United Community Bank lent to are:
The top 5 franchises that Newtek Small Business Finance lent to are:
The top 5 franchises that Cadence Bank lent to are:
The top 5 franchises that The MINT National Bank lent to are:
The top 5 franchises that Enterprise Bank & Trust lent to are:
The top 5 franchises that Summit State Bank lent to are:
The top 5 franchises that First Bank of the Lake lent to are:
The top 5 franchises that Bank of Hope lent to are:
The top 5 franchises that Customers Bank lent to are:
The top 5 franchises that LendingClub Bank, National Association lent to are:
The top 5 franchises that UniBank lent to are:
The top 5 franchises that Quantum National Bank lent to are:
The top 5 franchises that Dogwood State Bank lent to are:
The top 5 franchises that PromiseOne Bank lent to are:
The top 5 franchises that Merchants Bank of Indiana lent to are:
The top 5 franchises that Pacific Western Bank lent to are:
The top 5 franchises that Berkshire Bank lent to are:
The top 5 franchises that The Bancorp Bank lent to are:
The top 5 franchises that TD Bank, National Association lent to are:
The top 5 franchises that Bank Five Nine lent to are:
The top 5 franchises that Meridian Bank lent to are:
The top 5 franchises that SouthState Bank, National Association lent to are:
The top 5 franchises that Peapack-Gladstone Bank lent to are:
The top 5 franchises that Embassy National Bank lent to are:
The top 5 franchises that PNC Bank, National Association lent to are:
The top 5 franchises that Hanmi Bank lent to are:
The top 5 franchises that Ameris Bank lent to are:
The top 5 franchises that VelocitySBA lent to are:
Finding the right financing options for your franchise can be a challenging task. There are many different financing options available, each with its own set of pros and cons. In this article, we have reviewed the top 50 franchise financing companies of 2023.
We hope that this information has helped you make an informed decision about which financing option is best for your business. Remember to carefully consider all of your options and do your due diligence before committing to any financing agreement.
Visit our website Vetted Biz for more information about financing companies and franchise opportunities!
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