Boost your business with a business loan for your franchise
Taking the leap to start a franchise business can be an exciting yet daunting prospect. You can feel secure in knowing that the business model works because it has been tried and tested. Plus, you have the support of the company owner. However, the down side is that franchises usually require a large investment sum upfront, leaving little cash leftover.
Whilst franchisors usually provide training, help you find a suitable location and offer start-up finance options, they do not factor in the continuing costs to Grow and run your business such as marketing materials, stock, uniforms and property maintenance. All of these things are necessary, everyday essentials which you might not be able to afford straight away after your initial outlay.
So once your franchise is up and running, it’s important that you are aware of the different franchise funding options available to you help you manage any cash flow problems you might come across.
Cash advances from Liberis for your franchise
Your first port of call might be the high street bank, but now, bank loans are growing increasingly harder to acquire, especially if your business is in the early stages. And even if a loan is approved, it can take weeks for the funds to be made available to you. In that time, business could be slipping away. This is where an Alternative Funding Solution, like a cash advance from Liberis, can really help your franchise grow.
Cash advances are a Quick and easy alternative to conventional bank loans. Liberis, the UK’s number one cash advance supplier, provides cash from £2.5k to £300k to help grow your business. A business cash advance is an Unsecured Injection Of Cash into your business based on future credit and debit card sales. It’s repaid via a pre-agreed percentage of the business’s card transactions.
Unlike bank loans with fixed pay back plans, pay back is directly linked to your card takings: it only happens when the business earns, so it’s directly linked to cash flow. Cash advances are unsecured as well, meaning your home stays safe too.
Reasons to choose a cash advance for your franchise business
- Apply in minutes for £2.5K-300k
- You pay back only when you earn
- One clear cost no APR
- No hidden fees, charges or costs!
- No monthly penalties as there is no such thing as a late payment
80% of businesses are approved for cash advances and the application process is simple and easy to complete with no paperwork or accounts required. Apply for your franchise business cash advance and finance your future now.
How it works
It’s simple and transparent. Business Cash Advance is an unsecured advance of cash based on future credit and debit card sales and is repaid via a pre-agreed percentage of your businesses card transactions. Because payback is directly linked to card takings, it only happens when your business earns. And unlike many other forms of funding, company or personal assets aren’t required.
What’s more, if the cash advance takes longer to pay off, the originally agreed repayment cost remains the same. No penalties or fees are added, because there’s no such thing as late payment.