Term loans and more for new and established franchisees in all 50 states.

  • Best for funding large expenses for a franchise
  • Pick something else if you need under $100,000


Min. Amount


Max. Amount


Product Name ApplePie Core loan
Min. Amount $100,000
Max. Amount $10,000,000
Loan Term 5 to 10 years
Min. Credit Score 660
APR 6.5% to 9%
Requirements Operate an eligible franchise, 660+ credit score, personal assets to fully secure the loan, additional based on financing type

How much will this loan cost me?

ApplePie Capital loans came with rates from 6.5% to 9%, including an origination fee of 3.5% to 5% as of September, 2019. But weren’t able to verify if these rates, terms or any other details have changed since.

There are no prepayment penalties, so your franchise can save on interest by paying off the loan before its term of five to 10 years is up. You can borrow between $100,000 and $10,000,000. Use the calculator below to find out how much your loan might cost.

Business loan calculator

See how much you’ll pay

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Fill out the form and click on “Calculate” to see your estimated monthly payment.


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How it works

Generally, only borrowers that have near-perfect credit and have been profitable years will get the most competitive rates and terms. On average, franchises qualify for APRs between 7% and 8%. But if you just barely meet the minimum requirements, you might expect a rate closer to 9%.

What do I need to qualify?

To be eligible for financing with ApplePie, you must meet the following criteria:

  • Operate an eligible franchise
  • Have a personal credit score of 660 or higher
  • Be able to make a 20% down payment — only applicable to financing a new unit
  • Have a personal net worth equal to the loan amount
  • Be profitable for the past six months — only applicable to financing an existing unit

ApplePie Core requires you to put a lien on your business’s assets and a sign a personal guarantee. Franchise operators are also required to take out a temporary life insurance policy with ApplePie listed as the beneficiary.

What information do I need to apply?

The information you’ll need varies widely depending on your franchise, personal assets and what type of financing you’re applying for. You might expect to be asked for some or all of the following:

  • Business and personal bank statements
  • Business and personal tax returns
  • Franchise agreement
  • Balance sheet
  • Profit and loss statement
  • Pay stubs
  • List of your personal assets and liabilities

Typically, it takes about a week to gather all of the documents you’ll need to submit along with your application.

What industries does ApplePie Capital work with?

ApplePie Capital only works with the franchise industry. But it doesn’t specify if any specific types of franchises are ineligible. If your franchisor doesn’t currently have a partnership with ApplePie Capital, reach out to see if it’s eligible.

What other types of financing does ApplePie offer.

In addition to its core program, ApplePie also works as a connection service to help your business find term loans, SBA loan and equipment financing. It partners with over 50 SBA lenders, banks and other providers.

To use the connection service, ApplePie charges a broker fee of $2,500 on top of the other loan fees from your lender. SBA loans also come with a guarantee fee of 2% to 3% of the loan amount. SBA loans can run as high as $5 million.

Pros and Cons

ApplePie Capital isn’t right for every franchise. It’s personalized service might be great for some, but it isn’t ideal if you need money right away.


  • Works with entrepreneurs
  • Specializes in franchises
  • Low maximum APR of 9%
  • Loans up to $10,000,000
  • Direct lender and connection service


  • New unit financing requires down payment
  • Turnaround as long as a month
  • Broker fee of $2,500
  • No loans under $100,000
  • Few customer reviews

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