BUSINESS/COMMERCIAL FINANCING 

• Financing Amounts
  • Up to 6 Million to Qualified Businesses
• Terms: Maximum term ten (10) years
• Equity Requirements:
  • Minimum 0 to 20% (asset dependent)
• Debt Service Requirements
  • Typically 1.25 to 1.
• Rates: Both fixed and variable rates available.
  • Actual rates to be determined on an individual transaction basis.
• Qualified Uses
  • Fixed asset acquisition and refinance, working capital, leasehold improvements, business acquisition, etc.

 BUSINESS/COMMERCIAL REAL ESTATE FINANCING

• Financing Amounts
  • Up to 6 Million to Qualified Businesses
• Terms:
  • Maximum term of 10 years with amortizations not to exceed 25 years
• Equity Requirements:
  • Minimum of 20%
  • Franklin will finance 80% of cost or appraised value whichever is less
• Rates:
  • Both fixed rates and variable rates are available
• Qualifying Properties:
  • Available on most Commercial Buildings including Manufacturing plants, Retail stores, Warehouses, Multi-unit apartment buildings, and Office buildings
• Appraisals:
  • Appraisals must be ordered by Franklin on all commercial financing and must be completed by a Franklin approved State licensed commercial appraiser

  BUSINESS/CONSTRUCTION FINANCING

• Renovation or construction projects:
  • Franklin can advance funds on a basis of completion with a construction/permanent mortgage
  • Interest only is charged during the construction period
  • Converts to a permanent mortgage loan upon completion of the work
• New construction/Development
  • Funded with a construction/permanent mortgage

*Terms and conditions apply, credit review and analysis required for consideration of a loan