When you are ready to invest in a franchise, you will need to finance your purchase. So how easy is it to do this?
For most people, a cash purchase really isn’t an option.
Financing your investment is likely to come from either friends and family, or a banking institution.
In this short video, NAB franchising specialist Simon Ovenden takes a snapshot look at franchise finance from the perspective of a lender. In his view, it is generally not that difficult to secure the appropriate finance – but you will need to meet certain requirements.
For starters, bankers like to see applications from organised franchise buyers.
Check out what else bankers are looking for: