[fengwuhen]

I'm about to get involved in a franchise and plan to open a store for about $200k. I'm leaning towards a commercial loan so that I can build commercial credit and so that I can save my home equity as a last resort instead of first resort since I plan to open a few more stores in as many years. My question is...which banks tend to be more "friendly" to first time franchisees? In other words, am I more likely to get approval from a local bank or from one of the big banks? I know there are a lot of factors to consider (the 3 Cs), but I'm just wondering if there's a rule of thumb on which types of banks tend to be the most lenient for first time franchisees.

Thanks in advance.

[newfranchise]

Either way a local bank or a bigger commercial bank will review your liquidity and credit status in determining your viability for a loan. I would still suggest going to a bigger commercial bank because they offer more options for loans, and because they can recommend strategies for you. They may also offer you advice on your franchise and investment options.

[aehtbieseht]

Whatever type of bank will do as long as you can pay your loan in time that the bank gave you. I prefer local bank near to my place so that I can inquire if ever there is a problem regarding my loan.

[SueliffSire]

A good article Thank you!