the experience and expertise to provide the professional franchising assistance you’ll need. Consider speaking to a bank or lender that has a specialist franchise team if your own bank doesn’t. If you are seeking financial assistance it’s sensible to present your plan to more than one bank to find the best possible deal for you. The level of finance available from a lender will depend upon the strength of the franchise system as well as the individual business plan. Typically for well-established franchises, a bank may lend up to 70 per cent of the total setup costs, including working capital. For
less-established franchise brands, the amount of finance available may be lower. Franchising offers investors of all sizes the opportunity to build a
successful business whatever your goals or motivations. Franchise specialist banks such as Lloyds can provide invaluable guidance and support to help you deliver your ambitions. l
Richard Holden is head of franchising at Lloyds Banking Group
