FRANCHISE AND FINANCE
APPLICATION
| SECTION
A |
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| Initial
franchise application to be completed by
the representative shareholder.
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|
| SECTION
B - Personal application |
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|
Personal applications to be completed
by every shareholder/surety related to the
application.
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| SECTION
C - Business application |
|
| To
be completed upon franchisor approval.
Personal applications
to be completed by every shareholder/surety
related to the application.
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|
This application and the
information contained therein may be used by both the
franchisor
and the financial institution (if applicable) for their
respective evaluation and approval
procedures.
IMPORTANT TIPS on completing your application:
- On submission of the applications to the banks,
the entity in which the business will trade, must
have been incorporated and CIPRO's confirmation of
members, directors, shareholders must have been received.
In the case of new business, the formation of a new
entity is advised.
- Should a property be offered or requested as security
it is important to note that bond registration will
be done by a legal firm appointed by the bank involved.
- If a third party offers any security on behalf of
an applicant the bank will request a personal balance
sheet and documented proof of residential address
as per FICA from the individual.
- Please complete documentation legible and comprehensively.
Please liaise with your Franchise Finance Consultant
regarding any aspect of the application which may
not be clear.
- Please ensure that all applicable annexure have
been collected and attached with the application.
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