Franchise Financing

Customized Franchise Financing Products

The world of business financing is diverse and multi-faceted. At WCK Financial Lending, we understand this and offer you several products with flexible options. Our Franchise Financing team has experience handling many aspects of this area:

  • Franchises as investments
  • Remodel purchases
  • Real estate improvement
  • New construction
  • Equipment purchases
  • Refinancing
  • New acquisitions

Your time is important, and we appreciate your need for quick results within your timeframe. With a no-obligation pre-qualification process, we offer you timely answers about franchise loans.

National Franchise & Specialty Lending: Franchise Finance Profile Summary

WCK Financial National Specialty & Franchise Banking Lending division is a banking partner that provides commercial funding solutions, products, and services to support multi-unit franchise expansion. A clear differentiator for WCK is our understanding of the franchise customer segment’s unique and specialized needs.

We are introducing customized, innovative solutions to help customers run and scale their businesses. WCK, Along with the core Treasury Management services that are important to running a successful business. Over the last few years, we have introduced
more customers to innovative new products, such as virtual vault and integrated payables, and continue to intensify our focus on the Franchise financing segment.

 

  • Multi-Unit Expansion Establish Franchise Brands
  • Acquisition and Re-sales of existing franchise location
  • Franchise CRE, Equipment and Leasehold Improvements

Loan Amount

  • $1,000,000 – $45,000,000 (Based on risk rating)

Franchise Brand and Franchisee

  • Minimum Units 50-100
  • Minimum time in business 5-10 years

FranData Report

  • Historical Success Rate, Projected Success Rate & Brand Overview
    Collateral
  • An interest in equipment, moveable trade fixtures, signage,
    seating and décor.

Financial Covenants

  • DSCR 1.20x, Calculated using cash flow after Draw and G&A,
    minimum 1.20x based on rolling 12 months
  • Debt to EBITDA <4.5x; Lease Adjusted Leverage <6.0x

Management Experience

  • Multi-unit franchisee that are already a proven successful
    business operator and managing successful franchised brand
    units in their portfolio.
  • No Single Unit Operators

Personal Guarantees

  • Personal Guarantees of anyone who owns more than 20%
  • Corporate Guarantee of any entity related to borrower

Maximum Leverage

  • Senior Debt to EBITDA cannot exceed 4.5x at closing
  • Maximum Lease-adjusted Leverage (“LAL”) – Senior Debt +
    Capitalized Rents (8x rent expense) to EBITDAR cannot
    exceed 6.0x.

Schedule a Free Consultation

Customer service is one of our top priorities, and we support our financial specialists in offering you the help you need to reach your franchise goals. Learn more about our affordable loans, packed with top-quality terms. Contact us to schedule a consultation. The application process comes with no obligation and could result in the funding you need to reach your franchise goals.

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Phone

Phone: 213-283-2522
Toll Free: 833-455-5700

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Address

355 S Grand Ave, Suite 2450
Los Angeles, CA 90071