There are several excellent finance solutions available for businesses and entrepreneurs operating in the franchising sector. The most popular choices are secured loans, unsecured loans, working capital loans, asset finance, invoice finance, stock funding and start-up loans. Every franchise need is different which is why it is important to have several options available.
Our franchise finance team have worked on a broad range of projects involving the need for funding solutions. Here is a selection of some of our most popular ones:
Project 1 – Working in partnership with a new-to-market leisure brand based in London we secured £400,00 of funding to open some studio Pilate facilities. The franchise has since seen excellent growth with more locations planned to be open.
Project 2 – We supported a national food and beverage franchising business with loans over £1 million which was used to facilitate the opening of 3 new locations.
Project 3 – Having worked with an estate agency practice throughout 2023 we have helped their franchise to purchase 3 new territories in surrounding areas. The project totalled £1.2 million and plans are in place to repeat the process in 2024.
Project 4 – A franchising business which offers van hire have seen lots of growth and decided to invest in a bigger fleet. Thanks to an investment of £250,000 they purchased more stock and were able to offer clients more choice and more availability.
As we prepare for 2024 our franchise funding team are excited to continue to work with both franchisors and franchisees. This year we have seen great success with our 3-step process, something which we know will be important again next year:
- Qualification – this enables us to quickly identify the suitability for each project.
- Business Planning – defining the strategies which need to be deployed whilst also finalising both short- and long-term goals.
- Funding – the final piece in the process which enables the safe navigation through the start-up phase and to also facilitate growth plans
If you have any questions or would like to discuss anything in regard to franchising, please feel free to call us on 01993 706403 or e-mail hello@ngifranchisefunding.co.uk.