Franchise Loans for Dentists
Dealing with the costs of a dental franchise
Loading
Buying a dental franchise can mean being able to call on new dental technology and powerful marketing - if you can provide the funding required.
Starting your own franchised dental practice - perhaps with a speciality cosmetic technique - can be a sound basis for a business. It gives you the support of an established franchisor and a proven business model but it will mean a substantial investment. Fortunately, Rangewell can help you find the solutions to deal with the costs involved.
What are the costs involved in taking on a franchise?
The costs will vary from one franchise to another.
Most will include a substantial initial franchise fee, on top of your usual start-up costs. 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. 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 their expertise, 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 at 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
REAL EXAMPLES OF WHAT WE CAN DO
Find a funding for an established partnership
Helped arrange funding for a practitioner with adverse credit
Helped a practitioner turn a floundering business into a thriving franchised operation
Found funding for a practitioner to take over an existing franchise
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.
Call us now to see how we can do the same for you.
Meet real franchise owning dentists
Helping you build your profits
Understanding franchising
At 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 lenders
We 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 needs
The 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 terms
You 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 franchise
We work with a range of franchise businesses - including dentists.A simple first step
If 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
What are the challenges of franchising?
Can you afford to start a franchise?
How much funding do you really need - and how can you get it?
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?
Why not all providers can help - finding the one that’s right for you
How to arrange Franchise Finance - the paperwork you need
Key terms explained
The costs of franchising
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.You must be able to demonstrate profitability
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.You may need a Secured Loan
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.Our service is...
Impartial
Transparent and independent, treating all lenders equally, finding the best deals.In-depth
Every type of finance for every type of business from the entire market - over 300 lenders.In-person
Specialist Finance Experts support you every step of the way.Free
We make no charge of any kind when we help you find the loan you need.