Obtaining a Franchise in a successful franchise system is often difficult. The initial capital outlay is normally large, and to fully secure the loan you usually have to mortgage your house.Franchisee
This is where G-Force Finance can help. We work from the basic belief that franchise businesses are different and usually inherit some strengths and capabilities from the franchisor.
Along with the really important decision of which franchise system suits your passion, skills and desired lifestyle, you will need to give serious consideration to financing this investment not only the franchise royalty fees but inventory and working capital as well.
At G-Force Finance Solutions, our consultants are experienced in securing franchise funding. We have strong business relationships with a number of financial institutions and banks that can help make your investment happen.
We know how to present your loan application in order to maximise your chances of getting approval
Our consultants understand what lenders are looking for
Buying into a franchise is generally considered to be more stable than starting a business from scratch because the franchise model has been tried and tested. Banks and major lenders have accreditation systems for selected franchise systems which means they are willing to lend up to 80 percent of the required finance without the requirement of security over property.
Franchise Acquisition Finance
If you are looking into a new or existing business franchise opportunity, G-Force Finance Solutions has strong relationships with a number of lenders that offer tailor made franchise financing packages for accredited franchise systems. In many instances we can obtain unsecured business loans for up to 80% of the purchase price, depending on the quality of the franchise system.
Generally the term of the Franchise business loan is limited to the length of the lease (if applicable) which can be up to fifteen years. Depending on the strength of the application, the right financial institution and the right business franchise system, interest only business loans are also available. We have access to all lending options available to market covering most scenarios.
Refurbishment or Fit-Out Finance
Franchises typically undergo a refurbishment when a lease or franchise term expires, which is usually between 5 and 7 years. This can be anything from a coat of paint to a complete fitout, as franchisors continually upgrade their image. We have a wide range of Lenders who specialise with Refurbishment Finance and Fit Out Financing
Financing the equipment for your restaurant, cafe or bar can prove even more difficult. Many traditional lenders can require past financial history and experience. As a new startup business this can prove challenging. We have a wide range of Lenders who specialise in Franchise Equipment Financing with speed and ease.
Get good advice
Often the person who knows your financial position best is your accountant. Their advice on GST, capital gains tax, business structure and depreciation of fixed assets can put you in a great financial position before you even begin financing your new franchise business.
We’ll work with you, your accountant and solicitor to achieve the best banking solution for you.
We will consult with you on the following:
- Sit down with you to discuss the franchise system you choose
- Talk to you about how to manage your business and balance family or personal needs
- Arrange for a valuation of a business you buy or sell
- Help you with finance to purchase or expand your business
- Use your business assets for any loan security, not your house (subject to credit approval)
- Help you keep your business and personal finances separate
Our finance advisors take into consideration, tax and cash flow requirements and can assist approaching banks, trying to get them to understand your business. Why get caught up filling out paperwork when you can just pick up the phone and let us do it all for you?– we seek to understand your short, medium and long term goals.
Visit our Loan Calculators today and take the next step by clicking the “Quick Quote” Button and our finance advisers will then get to work on sourcing you a tailor-made package from our trusted panel of lenders and will work tirelessly to get you the right solution.
Specialist Lending support is only ever a phone call away on 1300 755 464 or click “Contact Us” button now!