SUITABLE BUSINESS LOANS & COMMERCIAL FINANCE
Franchise Loan
Buy or expand a Franchise
We can provide you with flexible Franchise Loan options so you can buy into a new or existing franchise and start benefiting from an established business and brand presence.
Deep Industry Expertise
We have deep industry expertise and knowledge gained through actual hands on experience in industry. We build long standing relationships with customers and can understand your business and industry sector.
Broad Industry Experience
Unique to Suitable Loans we have actually worked in industries such as Building and Construction, Materials, Manufacturing, Telecommunications, Music, Arts & Entertainment, Retail, Government, Automotive, Education, Information Technology, Healthcare, Financial Services
We are your
Trusted Advisor
You have our Business & Commercial Finance team behind you to support you through the financing process and beyond. We negotiate with lenders and look after your best interests.
Becoming a Franchisee
- Established business model - the independence of small business ownership supported by big business operation
- Existing operating methods - the Franchisor (brand/product owner) provides the Franchisee (branch/store owner) with the training and guidance on how to run the business day-to-day using the Franchisor's business model.
- Track record of success - by comparison a Franchise business can have a higher success rate that a start up business that is not a Franchise. A Franchise lets you jump on board an existing reputation in the industry, management and work practices, sales and marketing campaigns, and purchasing and distribution as applicable.
- Lower start up cost - it may cost less to buy a franchise than start your own business of the same type. Costs to consider include franchise fees, fit out or renovation, supplies, equipment, inventory, staff wages, property fees/costs, utilities , services, and store maintenance.
- Getting finance - trying to get finance for a franchise store can be easier than finance for a completely new business start up. Especially for franchises that are household names with a lot of success over many years.
- Length of Finance - the length of any loan is usually the same as the length of the franchise agreement term between the Franchisor and you, the Franchisee.
- Eligibility for Finance - typical factors that influence eligibility include how many stores the brand has, the type of industry it's in, and the brand's reputation in the marketplace.
- How much can I borrow? - without security you can typically borrow up to approximately 50% of the existing store's business value and with security such as property it may be possible to borrow up to 100% of the store's business value.