New £50m fund announced for the Franchise Industry
Posted 22/02/2017 : By: Debbie Dennis
A dedicated £50 million fund has been launched this month for existing and prospective franchisees, looking to develop their franchise businesses or expand into new territories.
Finance is available for amounts between £5,000 and £500,000 at competitive rates, with repayment periods of up to five years and credit decisions typically conveyed within 48 hours of receipt of a completed application.
The fund is accessible exclusively through Franchise Finance Ltd, a firm which specialises in funding, business planning and financial training services for SMEs, and is provided by a highly regarded global finance organisation. Loans, equipment leases and hire purchase options are available to franchisees who are seeking growth or to refresh existing operations.
Franchise Finance business development director, Chris Roberts, said: “This fund promises to transform thousands of Franchise businesses across the UK. All too often we see access to sufficient finance as a barrier to growth, with franchisees unable to fulfil the potential of existing operations or expand into new locations.
“Because this fund is specifically for the Franchise market, such frustrations are set to be a thing of the past for ambitious franchisees with strong business plans. We have a 95% success rate in arranging finance for our clients and we’re now in a position to support many more people to achieve their long-term retail goals.”
Founded in 1979, Franchise Finance has forged a strong reputation in the burgeoning franchising sector, with a team that includes several former senior bankers.
Roberts added: “We’re passionate about helping people to start and grow their businesses with sufficient and easily accessible funding, and look forward to helping franchisees maximise their opportunities in the coming year.”
More about Franchise Finance here