The Property Franchise Group (TPFG) has agreed a brand new bespoke lending facility with Barclays to drive development.
This initiative is designed to make it simpler and less expensive for TPFG franchisees to entry funding, empowering them to speed up enterprise development via acquisitions and refinance current debt on extra beneficial phrases.
This initiative immediately addresses the historic challenges franchisees have confronted in securing accessible and cost-effective funding. By leveraging the size and power of the Group, TPFG has been in a position to work intently with Barclays to create a tailor-made facility designed particularly to fulfill the wants and entrepreneurial ambitions of its franchise community.
The brand new lending facility presents TPFG franchisees a transparent and advantageous path to financing, with key advantages together with:
+ Entry to lending of as much as £1.25m topic to straightforward lending standards, to help substantial development plans.
+ Funds can be utilized for brand new enterprise acquisitions or to refinance current loans, with as much as 70% Mortgage-to-Worth (LTV) accessible.
+ Aggressive pricing.
+ The ability is obtainable to all franchisees throughout The Property Franchise Group’s nationwide community.
The bespoke pathway for accessing lending was efficiently piloted with a lot of franchisees from April this yr, demonstrating its effectiveness and enchantment. The success was broadly cut up between funding for brand new acquisitions and refinancing current preparations, together with franchisor-provided loans.
Ben Dodds, chief monetary officer of TPFG, commented: “We all know that entry to the fitting funding has traditionally been a problem for our franchisees, usually limiting alternatives to increase their companies.
“Working with Barclays on this bespoke pathway represents a major step ahead – utilizing the power and scale of our Group to ship actual monetary benefits for our community.
“We’re delighted to now have the ability to roll out this facility to all franchisees, serving to them to pursue acquisitions, refinance current debt and finally speed up their development.”
The ability is now formally launched, and all TPFG franchisees can have interaction immediately with the devoted Barclays franchise staff to discover their funding choices.
Louise Jones, franchise enterprise improvement supervisor at Barclays, added: “We’re proud to work with The Property Franchise Group to create this bespoke lending facility. By understanding the precise challenges and alternatives inside TPFG’s franchise community, we now have been in a position to present an answer that helps open up entry to funding. We look ahead to supporting TPFG franchisees as they increase, refinance, and strengthen their companies.”
