Thinking of joining the Busylizzy Family and investing in our ‘Business in a Box’? You may also be eligible for a Government-backed startup loan to launch your franchise. There has been much publicity about banks being reluctant to supply loans to businesses in the current economic climate but the start up loan scheme backed by British Business Bank is in place to support new U.K businesses with up to £25,000.
When securing funding for your new business, you will need to provide a business plan and cashflow forecast. This can be a daunting challenge when going alone – especially if you have never written one before. From profitability to gearing, VAT to EBITDA, it can be an intimidating process. One of the many benefits of investing in a franchise is that the business model already exists and with the help of the franchsior, you can replicate the model and the success in your own territory. For this reason, start up loans and business bank loans are more easily secured for franchise candidates that may need them.
At Busylizzy, we also have an excellent relationships with the main high street banks, including HSBC, Lloyds and NatWest. Our detailed financials and business model have been pre-vetted and we can introduce you direct to the franchise teams who will help you raise up to 70% of your required funding based upon our established, successful and replicable business model.
So… if you’re keen to be your own boss but fearful of funding, send us a message now for more details on how we can help you.