Franchisee can struggle to find the funding required to succeed. Franchise owners can make life easier for them - with Swoop
Like all businesses, franchisees need to ensure that their finances are in good order with enough money to pay the bills, maintain operations and cover workers’ wages. How can the Franchise help their members achieve this?
“Franchises are a natural partner for us at Swoop, because we are committed to meeting SMEs where they are financially and finding solutions to their funding needs. Swoop gives busy business owners one less thing to think about.”
So says Andrea Reynolds, Founder and CEO at Swoop, a company set up to help SMEs access funding across grants, borrowing and equity.
Swoop has already agreed partnerships with a number of franchises including Baskin Robbins and F45 fitness clubs. Laree Smith, an F45 franchisee, is typical of the customers Swoop is able to help.
Laree was struggling to find a refinancing deal at a good rate for an existing loan. Swoop's partnership with F45 provided the platform Laree could access which showed her that there were more options available than just contacting her bank. She says:
“Swoop was straight onto finding me the best possible option. I would highly recommend them.”
Andrea adds that more franchises are offering Swoop as a solution to their members:
“Swoop knows the finance markets inside out. For a business owner like Laree, the smart move is coming to us for fast answers she could not have found by herself. Franchises are seeing the value of working with Swoop to help their members get the funding they need quickly, leaving them more time to run their business.”
While franchises are very clear on what funding is needed to get started, they don’t always have a funding partner to send franchisees to, potentially losing business along the way.
Swoop is able to access the lenders who will get fledgeling franchisees up and running.
For more mature businesses, Swoop can help franchisees access funding to update equipment, branding, refurbish, or even open another franchise.
Swoop's access to the funding landscape opens up options from invoicing financing to commercial mortgages for franchises. Partnering with Swoop will give your franchisees access to the best deals on the market, save them time and help them grow successful businesses.
To discuss how you can partner with Swoop to help your members, book an appointment with our Head of Business Development and Operations
