Banco Popular offers both term loans and lines of credit for McDonald’s financing.
Available terms:
- Acquisition loans up to 7 years
- Equipment loans up to 7 years (84 months)
- Rebuilds up to 10 years
- Lines of credit up to 12 months (1 year)
Security: Banco Popular requires the first lien position on all assets financed located at the subject McDonald's unit(s).
Interest Rate: Fixed and Variable Rates click here for details.
Application Fee: None
Underwriting Requirements: *
- Acceptable credit reports for individual Guarantor(s) and Borrower
- Minimum post-compensation debt service coverage of 1.20:1
- Borrower is compliant with the Franchise Agreement
Personal Guarantees: Required from principal owners of borrowing entity. Additional affiliated corporate guarantors may also be required.
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