#franchise loans

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Franchise Lending

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Atlantic Capital Bank’s Franchise Lending Group provides innovative, customized lending programs to franchisees and customers of industry-leading franchise concepts and distribution companies.

How We Help

At Atlantic Capital, we collaborate with franchisors and distribution companies to tailor financing programs that will help franchisees and distribution customers access capital to grow their businesses and achieve financial success. We help single-location and multi-unit operators across multiple industry verticals execute key strategies such as:

  • Acquisition financing
  • Ownership/Partnership transfer
  • Equipment financing
  • Inventory, accounts receivable, and working capital financing
  • Unit remodeling
  • Real estate acquisition and development
  • Debt consolidation and refinance
  • Cash management

Learn More

Our team is ready to help you find the right financing solution to support your business. To learn more, please contact Mike Smith . Senior Vice President, Franchise Lending Group at (404) 460-4426 or click below to submit an inquiry.

Our Services

Announcements

Economic Review – June 2016

The UK s surprise vote to leave the European Union dramatically raises doubt about the sustainability of the global economic expansion, undermines confidence in European political stability, and challenges 70 years or more of established economic policy orthodoxy. The ensuing global equity markets swoon reflects these.

How can we help?



#hot business ideas

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7 hot start-up ideas that could make you a millionaire

L ooking for that perfect business idea? We’ve done the hard work for you.

1. Anything delivered, anywhere

On-demand is already a massive industry with players likes Uber, Netflix and Just Eat boasting exponential surges in revenue.

But in New York, a handful of start-ups have gone one better, offering an “anything delivered, anywhere” service.

Postmates and Seamless are at the forefront of this wave, and can deliver anything from concert tickets to a Big Mac to a needle and thread to their users. The trend has yet to truly hit the UK (certainly outside London), but is likely to be a huge hit when it does.

2. Drink coolers

V arious material technology companies are working on developing drinks coolers that cool your beverage rapidly on contact and keep your fizzy pop, beer or wine cold as you sip. Once a sound, cost-effective material is sourced, the demand from drinks giants, as well as the leisure and hospitality industries, will be vast.

3. The internet of things

T his trend has already begun, but is still in its infancy. Fridges that can text your phone to tell you you’re out of milk; radiators that keep tabs on your whereabouts to ensure that your house warms up on your way home.

Wifi tagging and radio frequency communication technology can be applied to almost any appliance imaginable. If you can think of an innovative reason to get devices talking to one another, the time is now.

4. Become a drop box

H omes and garages could become the drop-off locations of the future, as internet shopping continues to grow apace.

At the moment, UK organisations like TfL are creating lockers where supermarkets can leave goods bought online, but entrepreneurial types with sizeable property portfolios could explore this niche to make the most of their unused buildings.

5. Virtual reality

F acebook spent $2bn on virtual reality headset maker Oculus Rift in March this year – a serious punt on a nascent industry. This has prompted industry pundits to claim that next year will be the sunrise of VR.

Publishers and production companies are already experimenting with games and apps for the new technology. For engineers and coders looking for a lucrative niche, virtual reality could generate impressive real-world returns.

6. Curation tools

T he internet is a noisy place. Apps and tools that help users cut through the hubbub to find the content and products that are most relevant to them are becoming increasingly popular.

The technology giants are ever on the hunt for new curation tools to add to their portfolios. Summly, which allows users to skim headlines on their preferred news topics, was sold to Yahoo! last year, netting its then 17-year-old founder Nick D’Aloisio $30m (£18m).

7. Next-generation 3D printing

3D printers are becoming increasingly accessible to the man on the street. But there is still scope to come up with new applications for the technology.

I n medicine, for example, 3d printers have been used with stem cells to create heart valves and even whole ears.

Manmade food, spare parts, drone accessories and personalised/customised goods are all areas that can be exploited by entrepreneurial types.



#franchise loans

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Franchise Banks

whichfranchise Finance

For over 18 years, whichfranchise has been providing prospective franchisees in the UK with information and advice on funding a franchise. We have, and continue to work with some of the leading banks in franchising as well as other franchise finance specialists. In our dedicated section to franchise funding you can enquire about how much money you can borrow as well as how to approach a bank for finance, you can put any franchise finance related questions you have to one of the leading franchise specialist bankers in the UK, identify the true cost of buying a franchise and the importance of having a business plan and what should be included in it.

Enquire about funding a franchise

If you are interested in a franchise and wish to find out more about how much money you can borrow towards it, you can contact Lloyds Bank franchise division for further information and/or an informal chat. Click here to contact Lloyds Bank

Funding a franchise advice

Buying a franchise is a big step and, in a lot of cases, a big investment for most. It is vital that you check how much finance is available to you. Knowing this will also help with your decision as to which franchises are available within your budget. Read more about how to raise finance and funding options available to you

Franchise business plan

The business plan has two main purposes – obtaining finance from the bank and clarifying your aims and objectives. Here we look at the importance of the business plan and what should be included in it. Read more

IN ASSOCIATION WITH

Find out how much money you can borrow

Ask the finance expert

Richard Holden – Lloyds Bank

Richard Holden is Head of Franchising for Lloyds Bank. He has 32 years banking experience and has supported a wide range of businesses in the small business sector for many years. He is responsible for providing support to the Lloyds Bank Business Managers, assisting them in assessing proposals from prospective franchisees. He is also responsible for ensuring that the network of local business managers has up-to-date information on the franchise systems operating within the UK.

Cost of a franchise

When looking at the cost of a franchise it can sometimes be confusing with talk of franchisee fees, deposits, average cost etc. In this section we look at how to identify the total costs of a franchise including explaining the difference between franchise fee, deposits, working capital, as well as how to verify a franchisor’s projections.

  • Real cost of investing in a franchise
  • Franchise deposits
  • Franchise fees
  • Evaluating financial aspects of a franchise
  • How to verify a franchisor’s projections

How to approach a bank for finance

When it comes to financing a business start-up, banks are favorable to franchising. The regard lending to prospective franchisees looking at well-structured ethical franchise systems a safer option than someone starting from scratch on their own.



#franchise loans

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ANZ Franchising

Obtaining a franchise in a successful franchise system is often difficult. The initial capital outlay is normally large, and to fully secure the loan you usually have to mortgage your house.

This is where ANZ can help. We work from the basic belief that franchise businesses are different and usually inherit some strengths and capabilities from the franchisor.

ANZ offers

  • loan assessments made quicker by placing a value on the past performance of the franchise system
  • ANZ Preferred status to selected franchisors to reflect the value of their franchise system
  • ability for franchisees of preferred systems to borrow against the value of their business (including all franchise fees, training costs, stock and business assets) up to a percentage of the purchase price
  • less focus on the franchisee’s personal assets when obtaining finance
  • loan products tailored for franchisees
  • market leading eCommerce services for franchise businesses
  • a full range of services which are customised and priced to reflect the value of the franchise.

Benefits at a glance

Access to credit to fund your business purchase or expansion with or without ‘bricks and mortar’ security.
You can obtain a secured or partly secured loan using an ANZ Business Loan. Or, if your loan is fully secured by residential property, you can use an ANZ Business Mortgage Loan for an even cheaper from of financing.

Assistance with the short-term liquidity needs of your business.
An ANZ Business Overdraft provides a revolving line of credit. It’s ideal for assisting with working capital or funding requirements in the day-to-day running of your business.

A business deposit account to suit the requirements of your business.
We will recommend the most cost-effective solution for your business by looking at your typical transacting behaviour and average balance of funds.

Electronic banking for quick and accurate reporting of balances and transactions, as well as electronic payment capabilities.
ANZ Internet Banking is the smartest way to do your business banking. Without even leaving your desk, you can have control over almost every aspect of your business banking. And there are significant savings in time and money.

Any advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you.

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Australia and New Zealand Banking Group Limited (ANZ) 2015 ABN 11 005 357 522. ANZ’s colour blue is a trade mark of ANZ.



#business plan model

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Business Model vs. Business Plan vs. Business Planning

What s a business model? How does it relate to a business plan? Or, better yet, business planning? They live together. They synchronize. Your business planning makes your business model happen. And your business plan is a regular step in your business planning. It isn t business plan vs. business model, the way some people seem to think. The business model is like a destination. The planning is how you re going to get there.

Alan Gleeson sent me a copy of the book shown here, Business Model Generation. It s also a website. and perhaps most important, a collective work on what a business model is and how to use it. With an excellent website and a very intriguing way of sharing the work, the thoughts, and the collective creativity. That part of it is fascinating, well worth the visit, even if it weren t also an excellent summary of the business model.

Just to give you the idea, here below I ve taken just a blog-sized clip from a proposed one-page business model summary. That s. taken from the web (you can click it to go to the full-size original ):

I m so glad to see this new work on business model. I confess, I ve thought of the phrase business model as just a trendy buzzword for how you make money in the business. While I think that s still true, at least to some extent, this kind of organized thinking is obviously valuable, if you use it right.

Alan, who is managing director of Palo Alto Software s UK Subsidiary, recently answered the business model vs. business plan question in a quest post on TechCrunch :

it is worth clarifying the difference between a business plan and a business model. A business plan details the business opportunity you are seeking to exploit. A business model takes the form of either a simple verbal description or a one page visual representation.

Alan also adds this important note about what a business plan really is:

modern business planning is flexible, agile and concise, and more about goal setting than bound physical documents. This planning process brings numerous benefits for the entrepreneur, not least an ability to look at the operation holistically, to ensure internal focus and to ensure that cash flow management is a key priority.

I said above that the business model is like a destination, and the planning is how you get there. Let me add that the planning I recommend isn t just a map, or a route; it s that plus a GPS and real-time traffic and weather information. And in that analogy, the business model is the destination.

Thanks for the reminder. I actually got a copy of this book a few months ago and it promptly got buried under more books. This makes me want to use for a new project I m working on.

I think business planning needs to take a step beyond both business plans and the business model concept.

My understanding is that business models are that which establishes a business mission, process, marketing strategy and executes them to test viability strengths and ultimately success. Once the test is done return to the model to improve it.

That said I believe one should simply make use of a tried business plan build the model, around it restructure retry until it is found sound. Such a model can be used and reused as a template for businesses in that particular industry/market.

The one-page Business Model contains no numbers or mention of competitors or risks. Its purpose is to explain the landscape and the mission. The Business Plan s purpose is to convince (e.g. potential investors and partners) that the mission is attainable (despite the competitors and risks). The Strategic Plan provides the details of the how to achieve the goal the actual path and timeline. I would like to see a unified process defined for creating the three documents in sequence.

simplulo, thanks for the comment, but I disagree with the business plan s purpose is to convince . The situation and context defines the purpose of a business plan. For example, my favorite business plans have the purpose of setting the steps into the right sequence, and defining the metrics, and layout out meaningful projections, to help manage and steer the business; to be used by the business owners. Of course some business plans do, indeed, have the purpose you suggest; but that s far from universal. And a lot of us would define a strategic plan differently than you do, but there again, you re definition is as right as anybody else s, as long as you don t try to say that s universal. I don t think of a strategic plan as defining the actual path and timeline. My point: it s not as simple and well defined as you suggest.

Agreed, but it wasn t my intention to provide details, rather to express the need that led me to this page (and many others). I gave three sentences, one for each document in a sequence, followed by the takeaway: I would like to see a unified process for creating the three documents. Among the many business-plan structures I found was one whose sections mapped neatly to regions of the Business Model Canvas: 1. Marketing Plan, 2. Operational Plan, 3. Financial Plan. That was a start.

How LivePlan makes your business more successful

If you re writing a business plan you’re in luck. Online business planning software makes it easier than ever before to put together a business plan for your business.

As you ll see in a moment LivePlan is more than just business plan software though. It s a knowledgable guide combined with a professional designer coupled with a financial wizard. It ll help you get over the three most common business hurdles with ease.

Let s take a look at those common hurdles and see how producing a top notch business plan sets your business up for success.



#office depot business

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What’s Next for Staples? Put Office Depot Out of Business

Staples (SPLS ) is pretty angry the federal government blocked its deal to buy smaller rival Office Depot (ODP ) and will now take several actions to try and put its competitor in the dirt.

U.S. District Court Judge Emmet Sullivan blocked the merger between the two companies Tuesday evening, saying the combination would create anti-competitive forces. The decision effectively ends the second attempt by the two office supplies companies to merge in an attempt to thwart off competitors including Amazon (AMZN ) .

“The Federal Trade Commission (FTC) met its burden of showing that there is a reasonable probability that the proposed merger will substantially impair competition in the sale and distribution of consumable office supplies to large business to business customers,” Sullivan wrote in a three-page order.

Obviously, execs at Office Depot and Staples saw it otherwise.

“While we are respectful of the court’s decision to grant the FTC’s request for a preliminary injunction to prevent our merger with Staples, we are disappointed by this outcome and strongly believe that a merger would have benefited all of our customers in the long term,” said Office Depot CEO Roland Smith in a statement. adding, “We do not intend to appeal the Court’s decision and the two companies plan to terminate the merger agreement effective May 16, 2016.”

Smith said the company will hold a conference call with investors on May 16 to discuss its future as a stand-alone company.

“We are extremely disappointed that the FTC’s request for preliminary injunction was granted despite the fact that it failed to define the relevant market correctly, and fell woefully short of proving its case,” said Staples Chairman and CEO Ron Sargent in a statement. Staples said it will pay Office Depot a $250 million breakup fee.

But Staples wasted no time outlining strategies that may help jump-start weak sales and profit in the wake of the merger saga ending, while at the same time stealing share from Office Depot. TheStreet takes a brief look at three things.

1. Here comes lower prices for some office supplies.

Staples said it will pursue market share gains in core categories such as office supplies, ink, toner and paper. To support this effort, the company will invest in lower prices and work to make its supply chain quicker.

2. Staples looking to divest European operations.

Staples plans to explore strategic alternatives for its struggling European operations, which is the main component of the company’s international operations. The company operates about 278 retail stores in Europe, with the largest concentration being in the United Kingdom, Germany, the Netherlands and Portugal.



#selling business

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smallbusiness.wa.gov.au

Selling a business

Selling a business will require planning to make sure you receive the best possible price.

You will need to understand your obligations before selling or closing your business .

Generally, selling a business involves the following steps:

Determining whether selling is the right option

Before deciding to sell check whether you:

  • really want to sell or if you just need a break from your business
  • have considered options such as bringing in outside management
  • have the support of family and friends
  • have considered if the market conditions are right for selling
  • will make enough money from the sale to support yourself until a new income source is secured
  • will be restricted from trading in a similar business once you have sold
  • fully understand the implications of selling, by consulting your financial adviser, accountant or lawyer.

Preparing your business for sale

Ideally, you will begin preparing for sale well before you put your business on the market.

This could include:

  • Making sure you document processes and policies, making it easier for the new buyer to operate the business.
  • Ensuring employees have documented job descriptions.
  • Obtaining written agreements from suppliers and review contracts to make sure they don’t expire during the sale.
  • Selling obsolete or slow moving stock.
  • Reviewing plant and equipment and selling anything not required.
  • Making sure premises are well presented.
  • Reviewing your lease agreement to ensure it doesn’t expire during the sale and includes provision to transfer the lease to a new owner.
  • Collecting outstanding debts and paying your creditors.
  • Obtaining audited financial statements for at least the previous three financial years.
  • Reducing employee leave liabilities by encouraging them to take leave, if possible.

Potential buyers will want to undertake their own due diligence into your business. However, it is a good idea to prepare a buyer’s information pack outlining key information about the business and what is included in the sale.

As a general guide the pack should include:

  • confidentiality agreement
  • description of your business
  • customer or client profile
  • industry information including how your business performs against industry benchmarks
  • detailed list of business assets and their value – these may include documented procedures and systems, plant and equipment, stock, intellectual property, client list, lease information, employees’ skills and qualifications, key business relationships and contracts.
  • testimonials from suppliers and customers
  • audited financial statements for at least the previous three financial years
  • offer and acceptance form
  • contract of sale.

Setting the right sale price

Determining the value of your business can be very difficult. You may want to obtain advice from your financial adviser, accountant or a registered business broker with experience in selling similar businesses.

TIP: Only a business broker licensed under the Real Estate and Business Agents Act 1978 is permitted to act as an agent for a business owner in the sale of their business in Western Australia.Generally businesses are valued using one of the following methods.

Return on investment (ROI)

This is the most common method for valuing a business. The following formula is used to calculate the selling price:

Sale price = (net annual profit x 100) ÷ ROI percentage

TIP: To find the ROI percentage for your industry talk to your accountant or contact us

Asset value

This method adds all the assets of the business together to determine its value. Assets may include stock, plant and equipment, property, vehicles, furniture, intellectual property, established client list and goodwill. The following formula is used to determine the asset value:

Sale price = assets of the business + goodwill

TIP: Valuing goodwill can be difficult, seek advice from your financial adviser or accountant.

Market value

This is most commonly used to value professional practices such as legal, veterinarian or insurance brokers. It is rarely used to value retail businesses.

The following formula is used to determine the market value:

Sale price = turnover x industry multiple

TIP: Make sure you have a good understanding of the current market and are aware of industry standards. Research the market for businesses similar to yours, compare prices and set a price that is competitive.

Making the sale

Selling your own business requires specific skills and resources; a licensed business broker or commercial real estate agent can assist you.

If you decide to sell your own business, here a few matters to consider:

Marketing

Use your immediate networks of competitors, clients, employees, friends and family to promote the sale of your business; you never know who could be interested.

Your accountant may have clients looking to buy an established business.

Advertise the sale of your business using:

  • websites dedicated to the sale of businesses
  • local, state or national newspapers
  • industry publications, trade journals, or specialist publications.

TIP: Use general terms to advertise your business and don’t disclose the business name.

Ensure potential buyers sign a confidentiality agreement

When selling a business it is common to receive applications from non genuine buyers. They could be competitors, suppliers, employees or clients trying to find out who is selling. Before giving your business information pack to potential buyers make sure they sign a confidentiality agreement first.

Negotiate the sale

Once a potential buyer has conducted due diligence, they may want to discuss terms before making a formal written offer. Prepare yourself for negotiation by considering:

  • What conditions do you want from the sale?
  • What are you prepared to compromise on?
  • At what point would you stop negotiating and walk away from the sale?

Finalise the sale

It is a good idea to involve a professional business broker, settlement agent or lawyer in the sale of your business. This will prevent problems and make sure the sale is valid.

A contract for sale of a business as a going concern should include all the details, and terms and conditions, negotiated and agreed with the buyer.

More information



#unsecured business loan

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Get an Unsecured Business Loan in Just Days!

If you own a small business, you need access to capital to help your company grow and prosper. A great option for you to consider is an unsecured business loan from Balboa Capital. Unlike a traditional loan from a bank, an unsecured business loan can be approved without collateral or a near-perfect credit score. Plus, the application process requires far less paperwork. Our online loan application takes just minutes to complete, and we will provide you with a decision quickly. That means you won’t have to wait long to find out how much you might qualify for.

  • Easy Application/Quick Credit Decisions
  • Get up to $250,000 with Basic Information
  • Get up to $2 Million with Full Financial Package
  • Absolutely No Hidden Fees
  • Fast Processing
  • Flexibility for More Cash
  • No Restrictions on How You Can Use Your Loan
  • Perfect Credit Isn’t Required


#business help

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Find a variety of business resources by using the search below, or use the links to the left to help start or grow your business.

Starting Smart

Need help finding the on-ramp for the road to success? Here are some excellent vehicles to help fuel your business drive:

Prime Services

Entrepreneurship Manitoba
Offers a range of services to businesses and entrepreneurs at every stage of the business life cycle, including business name and corporate registration, general business counselling, financial assistance programs, online tools and resources, as well as workshops and seminars.

Manitoba Business Gateways
Provides single-window access and referrals to a wide array of business and employment information and services including business starts, licences and permits, financial programs, business planning, recruiting, training and managing employees, business expansion and growth, exporting and more.

Companies Office
Get on-line information and forms about registering your business and corporation.

One Business, One Number
To simplify business dealings with government, Manitoba has adopted the Business Number (BN) to replace the multiple numbers currently used to identify the same business.

Growing Opportunities – Rural Communities
Find out about the programs available for rural and northern economic development.

Workers Compensation Board
The workers compensation system is a mutual injury and disability insurance system for workers and employers, paid for by employers. Report claims and accidents, and request clearances on-line.

Employment Manitoba Centres
Employment Manitoba addresses current and future labour market needs through partnerships with community, industry and employer groups.

Employment Standards
Manitoba s Employment Standards Branch helps employees and employers define and protect their rights and responsibilities in the workplace.

SAFE Work Manitoba
One stop shop for programs that can help you make your workplace a safer one.

Business Start Programs

Starting a Small Business in Manitoba
Entrepreneurship provides a range of programs and services to help you start your small business.

Manitoba Business Start Program
Offers training and loan guarantees for starting a new business in Manitoba. The links contains a program description, terms and conditions, eligibility criteria and applications.

Tools

Manitoba Marketing Network
Provides business mentoring services to qualifying Manitoba small businesses.

BizPaL
An online, one-stop service for entrepreneurs that simplifies the process of finding information on business permits and licences from all levels of government.

BizPaS Directory
Easy to use online directory of programs and services for business.

TAXcess
Convenient and secure online access to your tax accounts.



#business savings account

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Business Savings Accounts Trend

Business Savings Accounts

Business savings accounts help small businesses and organizations manage their finances. As cash management technologies continue to progress, these accounts will help managers and owners operate more efficiently and effectively as they handle payments and pay for expenses. Business checks, business ATM cards, and online banking are a few features that usually come standard with these accounts. Click the plus button to the left of the institution’s name in the rate table above to check out account requirements and features that come with a particular offering.

Opening a Business Savings Account

If you own any type of business with a tax ID, you’re most likely eligible for a business savings account – that includes corporations, limited liability companies (LLCs), sole proprietorships, partnerships, non-profits and other small organizations. However, depending on the type of business, you may have to go into a physical branch to open an account, as opposed to opening one up online. Telemarketing, precious metal dealers, gambling operations, and government organizations are a few examples of business types that banks will generally require you to be physically present to open.

Most account offerings have minimum balance requirements in order to avoid a monthly fee and come with a limited number of free transactions. There are a few things to consider based on the size of your business. For FDIC or NCUA insured institutions, each account is protected up to $250,000 per depositor, per bank or credit union.

Business Money Market Alternative

Another thing to consider before opening a business savings account is whether a business money market might be a better business account option. Though very similar as far as function goes, sometimes a money market may offer a higher rate of interest on the funds in the account, and also may come with higher maximums on account balances.

Maintain a Good Relationship with the Institution

Another thing to consider before opening a business savings account is whether a business money market might be a better business account option. Though very similar as far as function goes, sometimes a money market may offer a higher rate of interest on the funds in the account, and also may come with higher maximums on account balances.

* The APY shown is based on the deposit amount selected. Expand the listing to see APYs for other deposit amounts.
The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank’s headquarters.