£50m fund launched to give franchisees better access to funding
Franchise Finance’s fund will offer loans of £5,000 to £500,000 to help both new and established franchisees
Franchise Finance Ltd has launched a £50m fund that aims to “transform thousands of franchise businesses across the UK” by providing franchisees with access to sufficient finance.
The fund will supply loans of between £5,000 and £500,000 to existing and prospective franchisees looking to “fulfil the potential of existing operations or expand into new locations”.
With a view to improving the process that franchisees face, the fund will offer loans at “competitive rates” with repayment periods of up to five years.
Furthermore, the firm claims franchisees can expect to learn the result of their application within just 48 hours of applying for one of the loans.
Chris Roberts, business development director at Franchise Finance, said: “All too often we see access to sufficient finance as a barrier to growth.
“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.”