Finance Companies for Franchises
If you’re expanding your franchise business to a second or more locations or starting out a new franchise business, you may be weighing up your financing options.
With all the finance companies for franchises out there, deciding on the right option to finance the commercial equipment for your start-up or expanding franchise business can be confusing.
At Cashflow It® we aim to take the confusion and the hassle out of your asset financing. We do this through our simple and fast application process, transparent contract, manageable payments, excellent customer service and solutions to suit your needs.
Instead of purchasing the equipment you need outright at the start and using up valuable capital which may be needed at a later stage to promote or expand the business, get franchise equipment funding through us.
Types of Finance Companies
Before deciding on the best equipment financing option for you, it’s a good idea to know what types of equipment leasing companies are out there and the options available to you.
The 2 main types of finance are debt finance and equity finance.
- Equity finance is money sourced internally by the business.
- Debt finance is simply funding provided from an external source such as a bank or credit union.
Examples of equity finance include offering family and friend’s partnerships in exchange for funding, private investors, venture capitalists who typically require a controlling share of the business, crowdfunding for the more innovative businesses and government funding for business expansion.
If you are a start-up franchise business who cannot obtain government funding, or don’t have the backing of private investors, don’t have an idea innovative enough for crowdfunding and don’t want to give away a controlling share of your business, there is another option available – debt finance.
Finance companies offering debt finance include, retailers, suppliers, banks and equipment finance companies such as Cashflow It®.
Franchise business owners starting a new business or expanding to a second or more locations probably won’t want to give up portions of their business or pay interest to investors down the line. It can also become problematic when investors want to have a say in the running of the business.
The benefit of debt financing is that as long as you are making your payments on time, financiers won’t get involved in the running of your business.
Also financing aspects of your business, for example the commercial equipment needed, allows you to free up your capital to spend on running and promoting the business, perhaps even expanding sooner than you expected.
Why Choose Commercial Equipment Financing?
Ultimately the biggest benefit of finance companies such as Cashflow It®, is that we can fund your commercial equipment, which would otherwise require a large cash payment to purchase outright.
We have rental, leasing and business loan solutions available to suit your requirements, whether you need just one piece of equipment financed or an entire store fit-out of equipment or store refurbishment. For example, as one the best commercial kitchen funding finance companies, we can completely equip and fit out your commercial kitchen with all financing options and get your franchise up and running.
How It Works:
- Find the commercial equipment you need from a reputable supplier in Australia and obtain an invoice or quote.
- Apply online on our website and submit your invoice/quote. Choose the lease, rental or business loan option that suits you.
- We will process your application quickly and usually have you approved within 24 hours. We will raise the contract and email it to you. The contract is written in plain English and is easy to understand.
- We will pay the supplier and the commercial equipment will be delivered to your premises.
We offer the following solutions:
Rental – terms range from 12 to 24 month minimums. You have the opportunity to change requirements without getting locked into a long term contract.
Lease – lease the equipment and at the end of the term it is yours. 3,4 or 5 year terms are available.
Business Loans – with this option, you own the equipment from the start of your contract and pay off your loan over 3, 4 or 5 years.
For more information, call 1300 659 676
Why Cashflow It®?
Cashflow It is in the top best equipment finance companies for franchises in Australia.
With competitive rates and manageable payment options, more franchise owners are choosing to have their commercial equipment financed through us.
The entire process is quick and convenient. The application process is completed online.
Our customer service representatives are friendly and experienced, available to assist you anytime night or day. We don’t stick to business hours, we’re available 24 hours a day, 7 days a week.
In most cases, we don’t require any personal security and repayments can be 100% tax deductible.
We can fund one piece of commercial equipment or entire store fit-outs and equipment.
We finance serialised, non-serialised and even custom-made equipment for a range of businesses including hospitality businesses, gyms, pharmacies etc. Examples of equipment we can finance include ovens, freezers, fridges, display cabinets, furniture, point of sale equipment etc.
Cashflow It® is the leading franchise finance company in Australia and our directors have over 20 years of experience in the field.
To find out how we can help you finance your commercial equipment, call us on 1300 659 676 today.