May success story
This month, NGI Franchise Funding is pleased to share how we supported two domiciliary franchisees in securing the funding required to successfully launch a new franchise territory. We recently worked closely with the clients to prepare a comprehensive business plan and successfully obtain a £50,000 business start up loan for two of the Directors, helping provide the financial support needed to begin trading with confidence.
The need: Funding support to launch a new domiciliary franchise territory
Our clients were preparing to launch a new domiciliary franchise territory and required funding to support the initial start-up costs. As with many new franchise launches, securing the right finance at the outset was essential to ensure the business could begin operating effectively with the appropriate infrastructure, recruitment, marketing and working capital in place from day one.
The franchisees required support not only in obtaining the funding itself, but also in presenting the opportunity clearly and professionally to lenders. This included the preparation of a detailed business plan that demonstrated the viability of the business, the strength of the franchise model and the Directors’ ability to successfully establish and grow the new territory.
To support the launch, funding of £50,000 was required through the Government-backed business start up loan scheme, providing valuable financial assistance to help the Directors progress with confidence as they begin their franchise journey.
The solution: A tailored business plan and £50,000 business start-up loan
NGI Franchise Funding worked closely with the franchisees from the outset to understand the business opportunity, funding requirements and launch plans. We supported the franchise owners in preparing a detailed and lender-ready business plan that clearly outlined the business model, projected performance and funding needs.
Using this as the foundation for the application, we successfully secured a £50,000 business start-up loan for two of the Directors, providing the financial backing needed to move ahead with the launch of the new domiciliary franchise territory.
The funding package enabled the franchisees to:
- Secure funding to support the launch of the new territory
- Cover key start-up and operational costs
- Present a strong, lender-ready business plan to support the application
- Move forward with a clear financial structure in place from day one
- Launch the business with confidence and appropriate working capital available
This tailored funding solution provided the franchisees with the confidence and financial support needed to establish their new domiciliary franchise on solid foundations and focus on building a successful business from the outset.
Why NGI Franchise Funding?
At NGI Franchise Funding, we specialise in helping franchisees access the right funding to support every stage of their journey, whether launching, expanding, investing in equipment, or strengthening working capital. Our experience in franchise finance and strong lender relationships allow us to structure practical, tailored funding solutions that work around each business’s goals and funding requirements.
We are proud to have supported these domiciliary franchisees in securing the finance needed to launch their new territory and take the next step towards building a successful future in franchising.
For more information or assistance, please call us on 01993 706403 or email hello@ngifranchisefunding.co.uk.