With 99 per cent of its past funding applications being successful, NGI has proved to be a safe bet for franchisors and franchisees
Finding the right finance can be a real stumbling block for prospective franchisees – and a major challenge for franchisors hoping to recruit them.
Without the right savings or finance package, most people can’t afford to become new franchisees, and without them, the franchised business model is going nowhere.
“That’s a cycle that NGI Franchise Funding is dedicated to breaking by drawing on our vast experience in business finance and having worked with successful franchise businesses,” explained Chris Morris, co-founder of NGI Finance and NGI Franchise Funding.
The company has an in-depth understanding of the lending landscape, devising lender-friendly business plans for new franchisee recruits as well as aiding in raising finances.
Its track record speaks for itself, with 99 per cent of the company’s past funding applications being successful thanks to its strong connections with a wide range of funding providers across the UK.
“NGI develops business plans for franchisees bespoke to their circumstances, assessing their potential performance and suggesting ways of making the business as financially efficient as possible. This helps to save money and drive performance every step of the way,” said Chris.
“A diverse panel keeps up to date with trends across brands and industries which helps with adding significant value to initial meetings with prospective franchisees. NGI can delve into the detail of a candidate’s financial background and quickly establish if there is a potential match to the panel, or whether the finance hurdle is slightly too significant.”
Funders’ tastes and willingness to lend can turn on a sixpence, so using NGI as a financial partner can save a lot of wasted effort and, more importantly, a lot of wasted time when franchisors need to get new franchisees up and running.