It goes without saying that finding the right finance product for your new franchise is critical to your success. Franchisee loans can be used to expand a current business or start a new one.
The loan options out there are as wide and varied as the type of franchise businesses the lenders are financing. Choosing the finance product that suits your needs is just the beginning.
What do lenders require?
Before a lender will approve your loan, they often require a lot of detailed information. They’ll want to see real numbers about the business and you.
What they want to know about the business:
- Cash flow.
- Tax returns.
- Sales forecasts.
- Growth potential.
Let’s chat about a franchisee loan
What you need
- Your qualifications and relevant experience.
- Personal assets and liabilities.
- How much you’ll be able to invest.
- It can often be a complicated and time-consuming undertaking.
We’ll guide you
From selecting the right loan to putting the application together and getting final approval. Because we’re in constant contact with most lenders, we’re not only up-to-date on all the available products, we also we understand what lenders need for your application to help maximise your chance of approval.