About the Fund
Business Partners Limited has over 30 years’ experience in the financing of franchised businesses. The franchise industry contributes approximately 9.7% to the total GDP of the country, and as such, forms a significant part of the country’s overall economy.
Business Partners Limited would like to, via the Franchise Fund, afford more opportunities to existing and aspiring entrepreneurs to own and expand their own franchises through finance and mentorship.
Who qualifies for this fund?
All formal franchised business systems, whether registered with FASA or not, as well as informal franchised arrangements such as service stations, etc. These include both franchisees and franchisors who qualify as SMEs.
Applying for finance
To apply for finance, you will need to submit your business plan to one of our Franchise Fund advisors. Alternatively you can send your business plan to enquiries@businesspartners.co.za or deliver it to any of our offices country-wide. You are also welcome to submit a finance enquiry online and one of our investment personnel will contact you.
Fund criteria
| Size of the Fund |
R150 000 000 |
| Geographical Spread |
National |
| Financing Period |
5 – 10 years |
| Minimum and Maximum |
R500 000 – R25 000 000 |
| Entrepreneur – Relevant experience |
Preferable |
| Own contribution |
Commensurate with the risk and financial model |
| Pricing |
Based on overall risk assessment |
| Application documents |
- Business plan
- Annual financial statements
- Up to date management accounts
- Cash flow forecast
- Approval by Franchisor
- CV of entrepreneur/s
|
| Businesses that qualify for the fund |
Small or medium enterprises which include both franchisees or franchisors |
| Exclusions |
Non Franchised Businesses, Non Profit Organisations, Underground Mining, On-Lending and Direct Agriculture |
| Purpose of the funding |
- Expansion
- Working capital
- Equipment
- Revamps
- Takeovers
- Start-up
- Management buy-outs
- Property finance for owner occupied franchises
|
Source: http://www.businesspartners.co.za/
Business Partners (Owner)
