All Topics / Finance / Franchise Financing

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  • Profile photo of luke24luke24
    Member
    @luke24
    Join Date: 2004
    Post Count: 6
    June 26, 2004 - 8:18 am

    Hi

    I wanted to know if anyone has access to lenders who lend funds to purchase an existing franchise?. I am looking at a loan size of about $70,000, with an $80,000 cash deposit (total price of franchise $150,000)

    Thanks

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493
    June 26, 2004 - 8:33 am

    Most commercial lenders will do this if it is an established and successful franchise.

    Profile photo of luke24luke24
    Member
    @luke24
    Join Date: 2004
    Post Count: 6
    June 26, 2004 - 8:58 am

    it has been established for over 15 years and it is showing very good returns.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    June 26, 2004 - 1:14 pm

    I think it will be very hard as there is basically no security. I have heard that Westpac will do loans for big brand franchises such as McDonalds etc. Vendor finance is another option.

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 4 posts - 1 through 4 (of 4 total)

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