Franchise Times published a report of some of the SBA Lenders to Administer Disaster Relief Funds for the franchise and restaurant businesses.
The CARES Act recently was enacted by Congress to allows companies with fewer than 500 employees to obtain loans of up to $10 million from local SBA lenders through the Small Business Administration’s existing 7(a) loan guarantee program.
These loans can be used for rent expenses, mortgage expenses and payroll expenses.
Below are some of the franchise and restaurant-specific lenders, banks and intermediaries who want you to know they are ready to help.
Apple Pie Capital
Contact: Ron Feldman Phone: 800-720-0241 Email: SBArelief@applepiecapital.com https://www.applepiecapital.com/sba- coronavirus-relief |
|
Business Finance Depot Contact: Paul Bosley Phone: 800-788-3884 Email: Paul@BusinessFinanceDepot.com https://businessfinancedepot.com/apply- for-the-sba-paycheck-protection- program-ppp-loan/ |
|
DCV Franchise Group
Contact: Anthony Byrd Phone: 818-251-1343 Email: abyrd@dcvfranchisegroup.com https://www.singerlewak.com/index.php/dcv-franchise-group |
|
FranFund | |
Meridian Bank
Contact: Rocco Perate Phone: 215-454-2846 Email: rperate@meridianbanker.com |
|
Paragon Bank Contact: Charles Yorke Phone: 470-225-5506 Email: Charles.Yorke@bankparagon.com https://bankparagon.com/business/small- business-capital-group/ |
|
WSFS Bank
Contact: Richard Snow Phone: 609-589-1335 https://www.wsfsbank.com/borrowing/business-loans/sba-lending |