Franchises (Over 60 Accredited Franchise systems)
Purpose: Purchase of existing/new franchise out lets, stock and equipment, working capital, equipment and refurbishment.
Maximum Loan Amount:
Assessed on Sector Value Ratios applicable for individual accredited franchise systems.Maximum expenditure under this policy is SSm
Max. Loan Term: Lesser of 10 years, or residual term of franchise agreement
Security: Directors’ guarantee from company borrowers, Fixed and Floating Charge or a Bill of Sale. Right of entry and other tangible security as necessary.