Franchise Loans: helping you start up an established business
Your key to a new business - that's already a successSpeak to one of our experts020 3318 2613
Scaled for your commitment
- All levels of franchise
- No Maximum
- Competitve rates
- Rates from 2% above base rate
- Variety of repayment schemes
- Adverse Credit – no problem
- Expert support
- Individual arrangements
- Initial fees
- Property costs
- Setup costs
- Ongoing costs and working capital
Talk to Rangewell – the business finance experts
Franchising can mean a profitable business in the shortest possible time, but it also mean a large investment. We know the lenders who can provide the specialist franchise funding you need, and work with you to make sure your plans are affordable.
At Rangewell we recognise your professional status, and we work harder to find you better solutions - which can include 100% finance for many of your needs.
Buying a franchise combines the reassurance of a proven business with the growth potential of a startup.
Starting your own franchised business can reduce risk - because you have the support of an established franchisor and a proven business model. The rewards can be substantial. But opening that franchise and securing those rewards will mean a substantial upfront investment. Fortunately, there are solutions to deal with the costs involved and, at Rangewell, we can help you find them.
What are the costs of taking on a franchise?
The costs will vary from one franchise to another.
Most will include a substantial initial franchise fee. There may be advance rent on premises and shop-fitting costs, equipment purchases, initial stock, and possibly vehicle costs. There will be working capital and promotional costs.
The total expense of taking up a franchise will vary according to the nature of the business and the size and location of the premises. You could invest as little as £20,000, or as much as £500,000. These figures will be just the beginning. There may be a monthly fee and additional expenses to consider once you are up and running, especially in the crucial first few months of operation.
You will also need to think about cash flow going forward to cover simple things such as day to day expenses.
At Rangewell, we can help you find the funds you need as quickly and painlessly as possible.
How Rangewell can help you become a franchisee
Few people have the funds to take on a franchise as cash. Conventional business lenders, such as banks, may not be able to help, as your business is technically a start-up, lacking a business history.
A specialised Franchise Loan package may be essential.
At Rangewell, we know the specialist lenders who can help with purpose-built Franchise Loans. They will look at your experience, your business proposal and the potential of the franchise you have chosen - giving you the chance to benefit from the expertise of their franchise team, as well as the finance you need.
Simply call us to discuss your plans.
Thinking about a Franchise Loan?
You’ll need to answer some key questions:
- What is the total you need to borrow to take on the franchise? Your franchisor may be able to help establish the figures.
- How much can you contribute yourself? Having your own funds in the business can help show lenders you are committed.
- What security can you provide to back up your borrowing?
- How long do you need to repay the loan?
- What are the potential profits? Is the level of investment you need justified? Can you recover the money you have put into it, repay a loan and still see a profit?
How Rangewell can help you find the Franchise Finance deal you need
If you are considering a franchise, getting the necessary finance in place is vital, and needs to be arranged as early as possible.
We believe that it should actually be one of your first steps if you are considering a franchised business.
At Rangewell, our team of business finance experts have an in-depth understanding of the levels of funding required by many of the major franchise providers.
They may be able to explain the sums involved even before you have settled on the franchise you want. They can certainly use their expertise to find you the most appropriate lenders, and to help you secure the funding to support your plans.
Let us find the Franchise Finance you need
We’ve helped many of our clients find the finance they need to take on the franchise they want – and go on to run highly successful businesses. Find the financial help for your new venture with the help of Franchise Finance or new business loans.
Call us now to see how we can do the same for you.
REAL EXAMPLES OF WHAT WE CAN DO
Find a lender to finance a franchise for the UK’s leading fast-food brand
Helped arrange funding for the first British franchise of one of the world’s best known industrial hose providers
Helped an experienced optician convert his floundering business into a thriving franchised operation
Sourced funding to allow a new owner to take over an existing franchised filling station in a key motorway junction location
Found funding for an ex-serviceman to buy a mobile mechanic franchise
Discover our range of finances
Every type of finance for every type of business
Our goal is very simple - to help businesses find the right type of finance as quickly, transparently and painlessly as possible.
Helping you build your profits
Understanding franchisingAt Rangewell, we have helped entrepreneurs take on a wide variety of franchised businesses. Our specialised understanding helps you avoid the pitfalls and secure the funding you need.
Knowing franchise-funding lendersWe don’t simply introduce the lenders that are most sympathetic to franchises. We can put you in touch with specialists in your sector.
Funding scaled for your needsThe level of franchise funding you can obtain depends on a variety of factors, including your credit rating and number of years in business. We can help you increase your chances of securing the funding you need.
Flexible repayment termsYou may need to borrow a substantial sum to take on the franchise you want. Repayment terms can be spread over several years to provide an affordable solution to your needs.
Any franchiseWe work with franchise businesses in a wide range of industries, from retailers and eateries to industrial service providers. Whatever the sector, we can help.
A simple first stepIf you are considering franchise financing, simply get in touch with the Rangewell team. One of our experienced franchise financing professionals will contact you to discuss your needs and answer any questions you have.
Download Rangewell’s free and detailed guide to Starting A Franchised Business
How to find a franchise business
What are the challenges of buying a franchise?
Can you afford to start a franchise?
Why not all providers can help - finding the one that’s right for you
Increase your chances of getting Franchise Loan
What type of funding do you need to start and grow your business as a franchise?
Are there downsides to a Franchise Loan?
How much funding do you really need for a franchise - and how can you get it?
Do I need a business plan and business managers in place before applying for franchise finance?
Is a franchise a good business start-up proposition?
How to arrange Franchise Finance - the paperwork you need
Can I find funding for cashflow and working capital as well as premises and equipment?
Will I have to pay a franchise fee?
Why should I choose a business finance lender regulated by the Financial Conduct Authority?
Is it a safer option to go with a proven business model such as a franchise over starting up a small business from scratch?
Will you need to take on a franchise team when running your business?
Key terms explained
Download your Rangewell Business e-Book
Available in ePub, mobi and .pdf format
The cost of taking on a franchise can be substantial, with an initial franchise fee, training fee, rent on premises, shop fitting, vehicle costs, stock, equipment, working capital and promotional costs to cover.
The money you borrow to set up your franchise will have to be repaid, with interest, from the profits you make. You must be able to demonstrate that your franchise is capable of generating sufficient funds.
Your loan may need to be secured, and your home or other assets may need to be used to provide the security. This means that they could be at risk if your business cannot generate sufficient profits to repay the loan.