Funding your franchise: a guide for franchisees

Updated: December 15, 2021 at 5:38 am
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    Whether this is your first franchise or your fiftieth, Swoop’s finance experts will make your life easier.


    You want to become part of a franchise because you want the security of a tried and tested business model, a recognisable brand and support in growing your own business. 

    To do this, you will need to run a business that has the resources needed to meet the brand standards of the franchise you have chosen, but getting the funds required to open and equip a franchise, train staff and market the business to customers can be challenging. Swoop is a funding platform that helps businesses find the money they need to get started, grow and succeed.  

    What is franchise finance?

    Franchise finance is a loan of money to enable you to buy and open a franchise. It could cover the cost of premises, equipment, licencing, marketing and may include running costs for a period of time until the franchise is generating income. 

    Franchises are attractive businesses because they allow entrepreneurs to buy into an established brand. Customers like to buy from brands they already know, which is why franchises will have guidelines on how premises and signage should look, the equipment it should contain, the uniforms the staff wear and even software used to run the business. 

    Buying a franchise is a very established path to building a successful business, but the costs of starting up can be higher than for other similar businesses (for example, non-franchise companies may be able to choose their suppliers while franchises will have an approved list). 

    Most franchisees can’t cover these costs up front and have to borrow: this is called financing. 

    Although lenders can be more enthusiastic about lending startup costs to a tried and tested franchise rather than an unproven new business, getting finance can be a challenge: there are hundreds of lenders in the marketplace and they all have different attitudes towards who they will lend to. If you have been turned down by your bank, you may think that’s the end of the road for your dream of opening a franchise of your own.

    Enter Swoop: Swoop has access to lenders from traditional banks to specialists in the franchise finance sector who may be more willing to lend than your own bank. All you have to do is answer a few simple questions and Swoop will match you with a lender who can give you the money you need to make your dream a reality. Swoop is dedicated to serving the needs of small and medium sized businesses and is staffed by experts on business finance who are ready to help business owners.

    Swoop saves you time and worry looking for funding in a big and complex marketplace. The platform’s automated service gets results fast and offers you the best chance to get your business funded.

    And that’s not all. 

    Swoop is also able to help you if you are looking to refurbish, re-equip or expand your existing business by finding the funds required to do so. If you have a track record of successfully opening and operating a franchise, lenders will be more enthusiastic about lending you the money to carry out a refurbishment, re-equip or grow your business. And even if you aren’t looking to expand now, Swoop’s technology could find you a better deal on your utility bills, making your business more profitable by saving you thousands of pounds a year. 

    Swoop makes finding and saving money fast and easy for franchise holders, leaving you free to do what you do best – run your business and make your customers happy. That’s why we created Swoop: to help every SME access the finding they need to grow. Sign up today

    Don’t waste time, there’s plenty of funding and saving solutions to help your business grow

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