The conversation between human and AI assistant.
Franchisee: How can I get a loan to purchase a franchise? Without colleterol security
That's helpful. Can you tell me more about the SBA loan process?
Sure, the SBA loan process involves completing an application and providing documentation like a business plan and financial statements. The SBA guarantees a portion of the loan, which makes it more attractive to lenders who may be hesitant to lend without collateral. The loan terms and interest rates can vary depending on the lender and the franchise you are looking to purchase.