Lloyds TSB is an affiliate member of the British Franchise Association and is proud to support the growth of ethical franchising in the UK. Lloyds TSB provides support and guidance to both franchisees and franchisors. Whether you are thinking of becoming a franchisee, or wish to franchise your own business, we can help. Lloyds TSB are one of the major providers of banking and finance to the UK franchise sector. Our dedicated franchise team is available to discuss any aspect of franchising with you. Call our franchise team on 0800 5872379 for further details.

 

The Lloyds TSB Franchise team has in-depth knowledge of the franchise sector. Our Franchise Development Managers are available throughout the UK and will work closely with the local business team to make sure that you have all the support you need. We can tailor our financial schemes specifically for your franchise, using our range of financial solutions which include loans, overdrafts, asset finance, commercial mortgages, corporate cards, merchant services, factoring or invoice discounting. We can support you with the following:

• To buy the franchise
• Purchase fixtures and fittings
• To help you move into suitable business premises
• Stock finance
• Provide working capital
• Improve cashflow
• Acquisition of essential equipment, machinery and vehicles
• Debtor management and finance
• Staff training
• Business expansion
• Protection for you and your business for your peace of mind
• Card processing

All business borrowing is subject to status and the assessment of your application and business plan.

Lloyds TSB has agreed a special deal for prospective franchisees to get the franchise contract reviewed by an experienced British Franchise Association affiliate solicitor at a discounted fixed fee of £370 plus VAT. This is an independent service provided by Nina Moran-Watson at a discounted fixed rate negotiated by Lloyds TSB. For full details of this service contact our Franchise Unit.

 

Lloyds TSB provides all franchisees that open an account with a named Business Manager with direct telephone access to your business banking team. Our range of telephone, PC and Internet banking services allows you to quickly access account information and basic services. You can register for free text alerts to receive account updates sent directly to your mobile phone.

We have business bankers in all our local business centres and most branches. Our managers help around 100,000 new businesses every year. Our dedicated team of franchising experts are available to support you and our network of business managers to ensure that we provide you with sound guidance to help you achieve your business objectives.

If you’re starting out in franchising our business account package will give you the best possible start. You will benefit from our 18 months free banking offer** on day to day transactions. All we ask is that you keep your account within agreed limits, for example not going overdrawn without agreeing with us first. We do not pay credit interest during the free banking period.

 

Before deciding whether franchising is the right step for you it will be advisable to carry out careful research. Attending a bfa franchisee or franchisor seminar and purchasing their guide is a good starting point. It is essential that you receive expert support from a bank that has a specialist franchise department as they can offer practical guidance and impartial advice.

Before you start, we can give you details of where to get help and guidance from consultants, lawyers and accountants who specialise in franchising. For a full list of professionals affiliated to the bfa visit their web site www.thebfa.org or contact us for an introduction to the appropriate professional advisor.

The bank assesses, reviews and monitors the major franchise opportunities operating in the UK and our franchise experts are available to discuss any aspect of franchising with you.

 

We offer financial support to both franchisors and franchisees. Lloyds TSB provides a range of flexible loans, overdrafts* and other financial solutions which can help you take your business forward. We can fund your requirements at preferential rates usually up to a maximum of 70% of the start up costs, including any working capital requirement subject to the strength of the business proposal and status*.

If you are looking to develop your existing business through franchising we can consider financial support subject to the strength of the business proposal and status* to assist with the development costs and pilot operation. When you are ready to launch the franchise opportunity we can develop a banking services and finance package to provide prospective franchisees with the support they need to invest in the franchise.

 

Be honest with yourself – do you have the right skills and attributes to successfully run your own business. Running any business takes a great deal of self-motivation, discipline, tenacity and hard work. Franchising is not right for everyone. For people who value independence or want to run a business without restrictions or to re-invent the wheel, franchising might not be the right option.

 

The franchise relationship must be built based upon mutual trust and respect. Anyone considering investing in a franchise must be prepared to ask some probing questions of the franchisor. Their responses will assist you in deciding whether the franchise is right for you. Contact the Lloyds TSB Franchise Unit for a list of key questions you should ask.

Richard Holden heads up the Lloyds TSB franchise team and is a regular contributor to trade publications and national press. He is on the panel of judges for the prestigious Franchise Marketing Awards and regularly speaks at franchise seminars and exhibitions. Lloyds TSB has specialist Franchise Development Managers operating throughout the UK providing prompt, professional and expert support.

 

Lloyds TSB does not endorse or recommend any franchise opportunity. You should seek independent professional advice before making a commitment to invest.

*Loans and overdrafts are available for business purposes only. Overdrafts are repayable on demand. All credit is subject to an assessment of your financial position. Security may be required. Any property given as security which may include your home, may be repossessed if you do not keep up repayments on your mortgage or other debts secured on it. All loans are subject to status and we will need your permission to carry out a credit check on you and your business. You should not apply for an amount that you cannot comfortably afford to repay.

**New business start ups with an anticipated first year banking turnover below £2million, receive 18 months free banking whether in credit or using an agreed overdraft facility. Certain charges and transactions are not subject to the business account discount. Free business banking includes cheques, standing orders, cash, direct debits, deposits and withdrawals. All we ask is that you operate your account in credit or within agreed limits. For full details, please contact your local Lloyds TSB branch or business team.

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