Funding for the Franchise Sector is core to the CFI Finance DNA. Our advanced accreditation model and strong network of franchisor relationships allows us to make finance easy and stress free for Franchisees and Franchisors alike.
If you’re looking to drive network growth, support new franchisees, refresh or roll-out new equipment, or just to maximise the potential of your franchise brand, CFI is the finance partner you’ve been looking for.
Why Get Accredited With CFI?
The old saying ‘Time kills deals’ is particularly true when onboarding a prospective franchisee. Nothing is more frustrating for the franchisor and franchisee than waiting 3 months for an approval from a traditional lender. Momentum and motivation comes to a halt and the likelihood of the deal falling over increases over time.
At CFI we can often approve applications within 48 hours which enables both the franchisee and franchisor to maintain momentum and enthusiasm with the onboarding process.
Refurbishment finance can be some of the hardest finance to obtain, and franchisees can be reluctant to part with hard earned capital. CFI are the refurbishment finance experts, we know how important maintaining current branding and a fresh look is for a franchise network.
With CFI you turn capital expenses into manageable weekly payments and removes any arguments about affordability.
A franchisee’s ability to own multiple sites/ territories can be stunted by traditional lenders. Most bank lending is underpinned by residential real estate and the equity a borrower has. Franchisees seeking additional funding from banks run the risk of ‘poking the bear’ which can be problematic if a borrower has existing exposure to the bank or if property prices are declining.
CFI Finance takes a different view and supports multisite ownership by assessing applications on their commercial merit and looks favourably upon borrowers that are existing franchisees looking to grow.
Introducing a new piece of equipment, technology or a signage upgrade to a franchise network can often be met with resistance from franchisees.
CFI can support seamless national roll-outs with blanket approval criteria and simple documentation. And of course breaking down the up-front payments into an affordable weekly cost can significantly improve uptake across your network.
The Accreditation Process
Step 1 – Apply Online
The simple online application will step you through the requirements and allow you to upload documents. You will need to have the following handy:
- Latest Franchise Disclosure Document & Franchise Agreement
- List of equipment and fitout items in a standard franchise setup
- Financials for the franchisor entity Gross sales figures for all trading locations
- Franchise info pack (that you provide to prospective franchisees)
Once you complete the form one of our Franchise Specialists will get in touch with you to start the process.
Step 2 – Assessment & Consultation
The CFI Credit Team will review your submission and recommend appropriate funding parameters tailored to your franchisees, and to the needs that are unique to your franchise brand.
We work in consultation with you to ensure that the funding products and approval amounts are right for your network, and that borrowing power is balanced with cash-flow, particularly for new franchisees.
Step 3 – Rollout
Your accreditation is confirmed, and your franchisees (and prospective franchisees) can take advantage of your new approval status.
We provide you with an accreditation pack and work with your marketing team to prepare customised communications and collateral, such as EDM’s for existing franchisees and for new site prospects.
Your relationship manager will check in regularly to ensure our products and services are adapting if needs change, and to keep you informed of financing activities.