Franchising
Enterprise Finance Guarantee from Natwest
Finding the right solution for your business
Sometimes, especially in challenging economic times, it can be difficult to access the working capital required to help your business.
Natwest are keen wherever possible to support small businesses, but of course to lend responsibly, they need to be sure that your business has the assets behind it to secure a borrowing facility.
But what if you don’t have the assets needed to secure this, yet we agree that the ongoing viability of your business is not in doubt? There is a solution that could be right for your business.
The Enterprise Finance Guarantee
To help ensure that businesses can obtain the finance they need to expand or to meet day-to-day working capital requirements, we are participants of the Enterprise Finance Guarantee (EFG) scheme, an initiative operated by the Government. It is available to firms with robust business proposals that can’t get conventional finance due to lack of security, and can be accessed by way of a loan, overdraft or invoice finance, to help meet your individual requirements. By you paying a premium to the Government’s Department for Business, Innovation & Skills (BIS), they will issue a guarantee to the bank, so that we have the security we need to offer you the facility.
BIS only guarantees 75% of the facility. There are certain conditions that you will need to meet to benefit from EFG funding. These include:
Turnover
The scheme is available to firms with a turnover of less than £25 million in the last 12 months.
Types of business
The EFG is open to sole traders, partnerships, franchises, co-operatives and limited companies. You should either be trading already or prepared to start trading in the near future. You should, of course, be a business operating in the UK in order to be eligible for the scheme. The EFG is particularly suited to assisting franchise businesses, as we recognise that such enterprises often have insufficient security for conventional finance, but with the support of the franchisor, have robust business proposals. EFG finance can be used to assist in the set up of brand new franchises, transfers of existing businesses, or to assist in general trading expenditure for ongoing businesses. Natwest’s dedicated franchise team will be happy to discuss how they can assist you. Please contact them on 0800 092 9117
Resources
Why choose the pet industry?
Do you love animals?
Types of dog businesses
Key doggy statistics
What’s in it for me?
It’s not all a walk in the park
Are you fit to play?
The legal and regulatory landscape
Dog-care licensing
Licensing and professional guidelines
Professional guidelines for Dog Walking (UK)
Guidelines for Home Boarding and Day-Care (England)
Guidelines for Commercial Day-Care (England)
Guidelines for Home Boarding (Scotland)
Guidelines for Commercial Day-Care (Scotland)
Planning permission
Professional guidance
Franchise partners we're looking for
Preparing your business plan
Starting a dog business
When can I ‘Go Live’ with my dog business
What next?
What is a franchise?
What should I look for?
Franchise support
Franchising advantages
Franchising disadvantages
Types of business franchise arrangements
Evaluating a franchise
Franchise costs and returns
Final reality check
Market research
Enterprise Finance Guarantee from Natwest
Starting a Dog Business (PDF Download)
Videos
60 seconds introduction: Starting your own dog business, partnering with MyWaggyTails
Alfie says ‘we need your help’
Behind the scenes – home boarding for dogs with MyWaggyTails
Why do businesses (and dog businesses) fail and what you learn?
Setting up your dog business in 28 days
Tips on starting your own dog walking business
Thinking about starting your own dog business? Why it’s difficult to quit your job.
MyWaggyTails – the Director’s Bloopers
An introduction to a MyWaggyTails home boarding franchise
A lesson I learnt from Sir Richard Branson
Navigate
Discover
Contact
Tel: 0203 962 20020
MyWaggyTails Business
Registered address: PolkaDot Consulting Limited, 3rd Floor, 86-90 Paul Street, London EC2A 4NE
MyWaggyTails is fully insured. Licensed for Home Boarding and Day-Care by South Oxfordshire Council – Licence Number: 20174
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MyWaggyTails Business is a trading name of PolkaDot Consulting Limited. Registered number: 10747574
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