Transmit & TFA - A Strong Partnership
Since its official launch only last month The Franchise Alliance in partnership with the Transmit Start Up Loans Company has helped several entrepreneurs to realise their dream of business ownership.
From car valeting in the North East to property claims management nationally the TFA & Transmit have enabled individuals to purchase their own franchises via start up loans which Transmit as a delivery partner can offer at an interest rate of only 6%. unsecured.
When so many are finding it increasingly difficult to qualify for a loan through the usual channels the availability of such a scheme is proving to be of real benefit to the business community.
Franchises are particularly attractive to lending organisations given that their success rate far outstrips that of regular start ups. Some studies show that franchises have asuccess rate of approximately 90 percent as compared to only about 15 percent for businesses that are started from the ground up. Whatever the statistic it makes sense that if an individual has the benefit of independent research and matching then the chances of business success are greatly increased.The Franchise Alliance assists both franchisors and franchisees to explore the opportunities available within this ever expanding market place and additionally offers ongoing mentoring, support and guidance to its accredited members.
Transmit have made their application process very straightforward and with the generous lending criteria in place applicants are finding this to be a useful alternative to the more traditional sources of lending. What’s more the whole process typically takes around only 6 weeks from application to receipt of approved funds. Applicants are assisted with business planning and financial forecasting by an experienced business advisor so this is responsible lending at its best. Even after the loan is granted there is additional support in the form of mentoring and referral strategy training via The Franchise Alliance’s independent suppliers at no additional cost.
After granting more than 1000 start up loans so far and guiding their applicants every step of the way Transmit are experts in their field.
If you are interested in learning more about Transmits start up loan scheme please click here
and to find out more about how The Franchise Alliance can help you please click here.