Why borrow from a bank with a franchise division?

Potential franchisees often want to stay with their personal bankers when looking for finance but when looking for finance to purchase a franchise, its best to speak to those banks with a specialist franchise unit. Of the high street banks HSBC, Lloyds TSB and RBS/NatWest all have dedicated franchise teams.

The main benefit of approaching one of these is that they understand franchising and the benefits of this business model compared to a conventional start up. This added to the lower risk of franchising, means that funding is more likely to be available.

One of the key roles of HSBC’s specialist franchise unit is to understand the business model and the wide range of franchises available and share this knowledge with our lending managers who will assess a potential franchisee’s application for finance. So you can be confident that when you sit down with the manager, they will be able to have a meaningful conversation with you about the business and your aspirations.

In addition, the franchise team can provide valuable guidance and will be able to point you in the right direction to obtain the professional advice and support you need in making your decision.