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First Time Franchisees and Franchisees Requiring Expansion Capital

Please check yes or no to each of the following questions as these are designed to guide you and us through a selection process:
Name:   
Company Name:
Phone:     
Email:     
   
Do the principal owners (20%+) each have a FICO credit score of 680 or greater?
   
Have any of the principal owners ever filed for bankruptcy or compromised their debts? 
   
Are any lawsuits, judgments or executions pending against any principal or the company?
   
Has any principal defaulted on a federally insured loan (e.g. student loan)?
   
Are any of the principals presently under indictment, on parole or probation?
   
Do any of the principals have a less than honorable discharge from the US Armed Forces?
   
Does the company or any principal have unpaid federal or state taxes?
   
Individually or collectively do the owners have 25% of the loan amount required as their share of the investment?
   
Does the company currently have a US Small Business Administration loan?
   
Does the company have current financial statements (balance sheet & profit & loss statement)?
   
Are the financial statements prepared by a public accountant?
   
Does the company have aged reports on accounts receivable and payable?
   
Does the company have a current list of major assets including patents?
   
Does the company have a current business plan and detailed outline of financing needed?
 
 
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