Franchise Funding

When considering raising the money to become an Animals at Home Franchisee, and if you require a Bank loan we will work with you, but here is some initial advice.

Most Banks have a Franchise division which is a specialist unit within their main office, and it only deals with Franchise businesses. Your Local Branch may not be aware of Animals at Home or how we operate so you may get the opinion of a local manager rather than the opinion of the bank. So approach the Franchise division not the local Branch.

Animals at Home have been accredited by these Franchise divisions as a well run Franchise Network. To quote a couple:

• Lloyds TSB. " We have a number of Animals at Home Franchises banking with us and running successfully, so we welcome more applicants"
• Nat West RBS " From our experience of Animals at Home Franchises, we are happy to receive applications for new Franchises"

There is also a Government scheme call the Small Firms Loan Guarantee scheme. This is for businesses who have a good business plan but no security (or cannot make the security available) The level of the guarantee has been extended to 85% and more funding made available.

Key features and benefits of Small Firms Loan Guarantee:

• A Government business loan guarantee which secures bank loans to young and growing businesses, covering 75% of each qualifying loan.
• Available for sums of £10,000* to £250,000.
• The loan can be repaid over any period between two and ten years.
• Individually negotiated interest rates and fees.
• Choice of fixed or variable interest rates.
• 2% annual fee payable to the Government.