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Many of us seek greater financial freedom and wealth, and this can become a reality. If you're someone who can take a franchise business start-up seriously and likes new challenges, you most certainly have a very good chance of making your new business a success, especially when you have a well established strong franchiser at your side like the Time For You Group.
How often have you seen an interesting franchise opportunity and felt, 'if only I had enough finance', I would love to try that!
Small business guides to funding a franchise are widely available. Financing packages and franchising fees for start-ups, that you can rely upon with complete confidence, are just one step away.
Want your own business & become your own boss?
It's perhaps worth remembering that franchising a proven brand can allow you to work in an industry where you've had no previous experience, because you will be given all the training you need and we will always work with you by giving product and management support if you need it, so you can relish in the opportunity of 'running' your own business with the support of a large organization like Time For You!
Unless you have sums readily available to you to invest in a franchise business, you will need to secure significant funds from other means to cover the upfront and daily running costs associated with any franchise.
Remember 999 out of every 1,000 businesses
started on borrowed money!
Raising finance to buy your franchise opportunity
All banks recognise that franchising is a much safer way to get into business, banks are prepared to lend, in many cases, for a franchise opportunity, one can borrow up to 70% of start-up funds required from the banks and that includes working capital.
Almost anyone with a proper proposal, a good credit history, a detailed business plan and a "sense of business acumen" can raise the capital he or she needs.
Many of the main banks have a dedicated franchise section in place who are only too willing to provide finance to a would be franchisee, however, it must be noted that borrowing rates on any lending do vary depending on the security and track record of the individuals concerned.
These types of lending can also be arranged at your local Business Centre.
Other funding help
If for some reason you cannot raise all the capital needed from your local bank, don't despair because if you don't have assets for the bank to guarantee its security, they can and do seek up to 75% of the amount borrowed, from the Department of Trade and Industry's Small Firms Loan Guarantee Scheme. This is referred to as unsecured borrowing.
To help you grow and prosper we are here to put you on
the right track with the necessary planning and strategies.
If you do not have enough funds readily available to purchase a franchise, then please call our finance department on 01908 221194. There are a number of different finance packages available that could help you get started, to ensure that you get the right business opportunity that is just right for you.
We'll also help you put together an important
business plan to help you succeed.
For a friendly and professional service - contact us today. You will always be given full and frank answers whenever you ask us for information, whether it's advice about our 3 franchising services, or just about funding a general franchise opportunity.
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