Quote:
Originally Posted by stephen6848
Right now I don't know much about it but if i will get any information i will tell you.
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Nice input
Manaquin, what is the franchise name ?
By reading your post id also agree with IP2 that the total is £145k by the way you've worded your question, however i believe you mean you need to find £45k?
The franchisor will recommend a bank - such as RBS - and the franchisor should assist you with a business plan if you require but the onis is on you, not the franchisor, for approaching the bank. Personally i do not see any alarm bells ringing at all from the franchisors perspective.
If it is a proven brand this will certainly give credibility by the bank as long as its the bank recommended by the franchisor. That way the bank will already have thorough knowledge of the business model.
Another alternative is a personal loan. Could be cheaper than a business loan but for obvious reasons you couldnt divulge the loan was for a business. Very risky tho.
If anything further i can help you with, guidance etc just shout.
