| Funding
Daily Grind works with CIT Small Business Lending.
CIT Small Business Lending, the nation's #1 SBA lender, provides loans to franchisees throughout the U.S.
CIT takes pride in delivering the customized financing programs and high-quality customer service that franchisees need to achieve their business goals.
Program Highlights:
- Loan Size. $75,000 - $3,000,000 .
- Loan Terms. 7 to 10 years (up to 25 years, with real estate purchase).
- Advance Rates. Up to 70% financing.
- Fully Amortizing. No balloon payments.
- Experience Level Required. Minimum 2 years direct management experience within the last 5 years.
Proceeds may be used for:
- New Location Financing. Can include equipment, real estate, construction, leasehold improvements, franchise fees, and working capital.
- Acquisition Financing. Can include purchase of an existing Daily Grind location with working capital.
- Rebranding. Can provide financing to convert an existing facility to a Daily Grind.
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