Banjo Loans’ fresh focus on franchise funding

Australian small-to-medium enterprises (SMEs) seeking franchise funding opportunities up to $2 million now have leading non-bank lender Banjo Loans in their corner.

The International Trade Organisation reports that Australia has more franchising outlets per capita than any other country except New Zealand, with almost 90 per cent of franchises being Australian developed. Furthermore, independent research and advisory firm FRANdata says there are currently around 1,221 franchise profiles in the country.

Against this growing backdrop, Banjo Loans CEO Guy Callaghan says the lender feels the time is right for Banjo to promote its lending capability for franchise-related needs.

“The franchise sector in Australia presents a significant opportunity for growth, with many franchise businesses actively looking to expand, refinance, fit-out or acquire,” Callaghan said. “Through our solutions, we’re aiming to solidify our presence with existing partners, while also opening conversations with brokers and referral partners who specialise in franchise business financing.”

Leveraging the established intelligence of FRANdata, Banjo Loans has launched an accreditation program to assess which franchise groups they will be able to support, considering such factors as the number of franchises a group may have, and the length of time they have been operating in Australia.

Banjo Loans is Australia’s favourite non-bank lender offering franchise funding solutions between $500,000 to $2 million, providing quick access to time-critical funding.  Non-property backed loans up to $250,000 require only bank statements, while also boasting tailored terms with up to five-year repayment periods.

To learn more about how Banjo Loans can help franchise, visit Banjo Business Lending Solutions website or call 1300 22 65 65 to speak with a dedicated Banjo Franchise BDM.