FRANCHISEFOCUS
Benefits of Borrowing Lending explained by Hitachi Capital Franchise Finance
debt frighten you. It might not be the right path for everyone but, for many, borrowing money could be used to gain leverage, enabling growth of a new business and the ability to capitalise on immediate opportunities that, without the investment, could be lost. The key is identifying the right time, the right amount to borrow and, most importantly, how and when you'll be able to repay it. Because repay it you must. To ensure
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this, franchisees will sometimes have to put their assets at risk to support a lending application. As a result, it is important to ensure borrowing is affordable for both you and the business. When using your own cash reserves, it's
important to weigh up the pros and cons. While using your own funds would leave you debt free, it may leave you exposed should your business begin to struggle
s a prospective franchisee, you shouldn’t let the idea of borrowing money and building
(and while franchising has a lower rate of failure, It's wise to acknowledge the risk involved in any business.) Many lenders have various repayment options for new or seasonal businesses, to support business owners during start-up or for less profi table times of the year. Hitachi Capital Franchise Finance offers a ‘smart funding’ solution to support seasonal business needs. Flexible payment options are extremely benefi cial for new small enterprises and can be a key driver in building a successful business. You may also be considering
developing your business even further, eg a multi-unit operation, upgrade your
assets or move your site. You may not be able to achieve this solely through your own funds, so building your credit profi le would be crucial towards convincing lenders you’re a credible, dependable borrower – this can only be achieved through borrowing in the fi rst place. Borrowing – what to consider: Ÿ Will you be able to make repayments, even during challenging times?
Ÿ Do the repayment options tailor to your specifi c business needs?
Ÿ Do you see value in building a credit profi le? The rest is up to you. Best of luck!
HITACHI CAPITAL FRANCHISE FINANCE Financial services 01844 355 575
hitachicapital.co.uk/franchise-fi nance fundingteam@franchisefi
nance.co.uk
Supporting your franchising ambitions
Services provided by an award-winning team with over 40 years experience.
• Business planning • Start up and working capital loans • Equipment finance • Business training services • Multi-unit financing
01844 355575
hitachicapital.co.uk/franchise-finance
Hitachi Capital Franchise Finance is a trading style of Hitachi Capital (UK) PLC. Authorised and regulated by the Financial Conduct Authority. Finance is provided by Hitachi Capital (UK) PLC. Hitachi Capital Franchise Finance also offer credit broking services, and may introduce you to a selected panel of third party lenders. Office Address: Beacon House, Stokenchurch Business Park, Ibstone Road, Stokenchurch, Bucks, HP14 3WN. T: 01844 355575
www.hitachicapital.co.uk/franchise-finance Registered Office: Hitachi Capital House, Thorpe Road, Staines-Upon-Thames, Surrey TW18 3HP. Registered in Cardiff under companyno. 1630491
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