10
Franchisenews
APRIL 2009
Government offers hope to franchisees wanting loans
■ DURING THIS difficult time for The EFG has replaced the Small Firm the banks requirements to leverage the much
businesses across the country, Business Loan Guarantee Scheme (SFLG) and the needed funding.
Advice Bureau reports that there are real Government has pledged guarantees to the By successfully obtaining this type of
positives in the unsecured loan funding banks to the tune of £1.3 billion. finance, the franchisor is far more likely to
market. This is good news for franchisees with strengthen its business by way of additional
With the recent announcement from up to £1 million available to all eligible funding, not only for its existing network
the Government of the Enterprise businesses. of franchisees, but also in attracting new
Finance Guarantee Scheme (EFG) and Business Advice Bureau considers its franchisees.
increased funds available through Regional services key to the franchise industry in With the announcement of these new
Development Agencies across the country, regard to raising this finance. funding initiatives and the unfortunate
Business Advice Bureau is already seeing By working closely with franchisors and redundancies that we are seeing in the job
success, first hand, in obtaining this funding their franchisees, Business Advice Bureau market, Business Advice Bureau predict that
for the SME market, particularly the will produce the required business plan the franchise industry is better placed than
franchising sector. designed specifically to tick all the boxes of most to capitalise on all these opportunities.
Ex-RAF man joins cleaning franchise
■ WITH 27 years of Royal Air Force (RAF)
experience behind him, entrepreneur Mark
Dawson has embarked on a new chapter of his
career and moved into franchising with Chem-
Dry. During his military career, the aircraft
engineer was posted to various military sites in
the UK and Germany. While at RAF Leuchars
in Fife he developed a good local knowledge of
the region, which has stood him in good stead
as the new franchisee for Tayside.
Many military people who decide upon a
future career in franchising tend to possess few
Xxx
business skills. Mr Dawson realised this factor
could prevent his franchise from developing, so to find solutions to problems that might be can call fellow Chem-Dry franchises or Chem-
he spent five months learning the basic skills encountered throughout the working day. Dry Franchising.”
of franchising and gaining a comprehensive “My Royal Air Force background means Mark Richardson, Chem-Dry marketing
understanding of skills needed to run his I am able to work in continuously changing executive, said: “Franchising attracts
own business. Time spent with Chem-Dry’s working environment as part of a team,” said a wide diverse group of people from
Edinburgh-based Castle & Kingdom franchisee Mr Dawson. “Like the RAF, no two days are different backgrounds, with different skills,
David Hunt provided vital experience. the same, which any member of the Forces circumstances and business experiences. I
Franchises from a military background tend will appreciate. Although I’m relatively new believe Mark’s local knowledge of his licence
to possess skills such as discipline, attention to franchising, there are skills I have learnt area and time spent being mentored by fellow
to detail and process management skills. Due from my military background I have already franchise Castle & Kingdom Chem-Dry will
to the controlled and structured environments been able to utilise as my franchise business be put to good use as his franchise business
they have experienced, franchisees are able develops. If I ever need assistance or advice, I grows and develops.”
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April 2009 www.businessfranchise.com
BF008-011_News_Apr09.indd 2 26/2/09 11:25:13
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