Can you get a franchise business loan with bad credit?

A franchise business loan can provide you with the financing needed to purchase a franchise of your choice. Typically, it is easier to get financing to purchase a franchise of a business with an excellent profit history than to finance a new business venture. However, the financing is still not easily extended. Typically, costs to purchase a franchise location can run in the hundreds of thousands of dollars. To secure this funding with bad credit, you will need to supply a large amount of the purchase price yourself, and you may need to accept costly financing terms such as a high interest rate or adjustable interest.