10 second Case study: Business finance for smaller business and franchises.
The subject of our case study was introduced to us by another finance broker whose client had seen one of my posts. They were a franchisee of a well known group. To assist their cashflow while waiting for payment from their clients they had been given an invoice finance facility with a credit limit of $30,000. The interest rate was 0.86% PER WEEK – that’s 44% pa.
It’s true that many lenders have a preferred type and size of business they like to work with but others are more flexible. Discussing the circumstances with one of our lenders they could see the value of being involved with the franchise group and was prepared to offer an interest rate that was less than a quarter of the client’s current rate.
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Our client came to us looking to purchase a transport business that was complimentary to their existing operation in a nearby area. The business owner