What is a Franchise Loan?
Franchising allows you to become part of a larger network of businesses that all share a common identity, appearance and market share. Although franchising is a great way of maintaining competitiveness and increasing your bottom line, it’s not without its costs. However, there is a form of business finance that could help in this endeavour. Franchise Loans are designed to help both franchisors and franchisees support the cost of starting, buying, joining or running a successful franchise. So, if the cost of franchising is too much for your business, know that you don’t have to bear it alone. Applying for a Franchise Loan could offer you the necessary support you need to both move forward with your goals and succeed. In this blog we’ll cover:
Why a Bridging Loan is the best option for your business
Cash has always been a vital resource in business, but ensuring that you have access to sufficient amounts can be tricky. This is especially true when dealing with issues regarding real estate, which typically carries a high retail value. But this is where Bridging Loans can help. Bridging Loans are secured business finance products that can help you borrow large lump sums for all matters involving property. So, if you wish to expand your portfolio or carry out vital redevelopment projects, here’s why you should consider applying for a Bridging Loan:
What is Cashflow Financing?
Regardless of how big your business may be or which sector you operate in, maintaining and pushing beyond your bottom line is a difficult but necessary task. Yet, as your business continues to operate, you may encounter seasonal trading periods which see you earning less revenue. If the pattern continues, living up to your financial obligations could prove challenging, especially if aid isn’t sought in a timely manner. But with Cashflow Finance, you could gain access to a wide range of finance solutions that can help support your business during this difficult time, making sure that you have the necessary funds to cover your operating costs. So if you believe that your business could benefit from Cashflow Financing, here’s what you need to know.
Questions to ask when thinking about Inventory Financing?
In order to provide the high-quality goods and services that your customers have come to expect, you must ensure quick access to fresh stock, supplies, ingredients and raw materials. This means spending money to replenish your inventory to keep your business moving. But if you’re an SME business working to a budget, getting the goods that you need to operate isn’t always straightforward and can put pressure on your finances. This is why more and more business owners are turning to Inventory Finance for support. With Inventory Finance you can use your existing inventory to receive a line of credit, allowing your business to access an allowance that could be used to acquire more stock, refresh what you’re currently offering or even support your existing cash flow. But before submitting an application, here are some of the questions you need to ask about Inventory Financing.
What is Cashflow Finance?
Is cashflow becoming an issue? Need additional support during slow trading periods? As fun and enjoyable as running a business can be, it’s also a big responsibility. You always need to be prepared for any potential issues that could negatively affect your cash flow, from an unexpected bill or equipment malfunction to simply scaling up. So if you’re worried about your business’ cashflow, Cashflow Finance could be the answer you need. This is a collective term used to describe a variety of specialised finance products that include, but aren’t limited to:
What are Secured Loans?
For both developing and established businesses, a Secured Business Finance solution could provide the funds necessary for further success, growth and sustainability. They offer a way of accessing external funding opportunities through the use of valuable business assets. But what does this actually entail, and could it benefit your business?
Why grow your business with a Franchise Loan?
Growth and sustainability is something that every business owner strives for, but there are many ways in which you can achieve this. Often considered a means of gaining a faster rate of development and larger market shares, one pathway you can take your business along is franchising. Whether you’re intent on becoming a franchisee or even a franchisor, franchising is all about growing as part of a network that enables your goods and services to reach out to more customers. However, doing so may incur a range of costs, which is where a Franchise Loan can help. By choosing to grow your business with the aid of a Franchise Loan you can spread out the cost of franchising through the use of a wide range of business finance products.
How to apply for Inventory Financing
If you operate in sectors such as catering, retail, manufacturing or apparel, your inventory will no doubt play a vital role in your business’ day-to-day operations. Without access to a constant supply of fresh stock, your business won’t be able to offer the goods and services that your customers desire. Although your business might be operating on a tight budget, the answer could lie with the contents of your inventory. With Inventory Finance, you can apply for a short-term line of credit (LOC) secured against your business’ stock, supplies, ingredients and raw materials. Much like a credit card, Inventory Finance could grant your business access to an allowance each month that can be used to acquire additional stock, refresh the contents of your inventory or even support your cash flow. So if you feel that your business could benefit, you need to answer the following questions:
How to apply for a Franchise Loan
Whether you’re an existing SME owner or wish to bypass the challenges of growing a startup, investing in an established franchise and becoming a franchisee can be a useful way of scaling up and facing off your competitors. Whilst there are a great number of benefits of becoming a franchisee, including buying into a proven business model and benefitting from the additional support it brings, joining a franchise will incur a variety of costs from the franchise owner. These costs can include an initial franchise fee, refurbishments, equipment costs, supplies and freight charges. Depending on the size of your premises and your local area, the overall cost to join a franchise could total anywhere between £100,000 to £350,000, or beyond. This is why many business owners choose to apply for a Franchise Loan. But in order to apply for a Franchise Loan, you need to know what products are available and what criteria your business must meet for each, including:
5 benefits of Commercial Mortgages
Having a permanent premises is a crucial requirement in many UK sectors, providing an essential space for producing, manufacturing and selling your goods and services. However, for many developing SMEs, who traditionally aren’t cash rich, acquiring property or carrying out development projects is no small feat.
What is Inventory Finance?
Maintaining a well-stocked inventory is crucial to your operations. But as your business grows more popular, so does the strain upon your goods and services. Ultimately, this may mean purchasing more stock and adding to your operating expenses. But, in order to make the most of the opportunities available and avoid customer dissatisfaction, applying for Inventory Finance could offer you a solution. Inventory Finance is designed specifically towards the purchasing and selling of goods and services. So if you’re considering supporting your business with Inventory Finance, here’s what you need to know: