How does the service work?
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Before any transaction can commence,
the franchisee needs to sign a document known as an engagement
letter. It authorises Franchise Finance to represent the
franchisee vis-à-vis the banks.
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The dedicated Franchise Finance originator
manages the entire loan application process. He or she
will also assist franchisees with the correct completion
of the documentation and the drafting of a business plan.
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On receipt of the loan offers from
the various banks, the loan originator will analyse them
carefully and explain their respective merits and demerits
to the franchisee. The franchisee has the final say on
which bank to use.
The vision of Franchise Finance is to enhance
the efficiency and optimise the conditions relating to franchise
lending services. We plan to do this for the benefit of the
franchise sector while at the same time building a viable
business for ourselves. |