Funding Solutions
Franchise Purchase Finance When the Bank Wants a Business Plan You Don't Have Yet
Buy the franchise, without waiting on the paperwork
You've found the franchise. Banks typically want a full business plan and financial projections on the specific site before they'll fund a franchise purchase, even from experienced operators. Flexy lends against equity you already hold in a property instead, so the purchase doesn't stall waiting on paperwork.
Up to $150,000
Offers within 24 hours
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How Flexy helps
We lend against the equity in a property you already hold, without disturbing your existing bank mortgage. Because we assess your equity and how the loan gets repaid rather than requiring a full business plan and projections on the new site, we can usually move faster than a bank's franchise finance process.
Your repayment plan might be interest only while trading history builds toward a refinance, or steady weekly repayments if the franchise's income guarantee covers you while you get established. Either way, that's what we assess the loan against.
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Which Flexy loan is right for you?
Both loans release the equity in your property. The difference is how you repay. Pick the one that matches your cash flow and your exit.
Product
2-Year P&I Equity Release
Borrow up to $50,000 against your property equity and repay it steadily through regular principal and interest payments over up to 24 months. Your balance reduces with every repayment and your bank loan stays in place.
Eligibility criteria: You will need sufficient cash flow to support regular repayments to qualify.
Term: Up to 24 months
Repayments: Principal and interest
Principal: Repaid progressively
Product
Short-Term Equity Release
Borrow up to $150,000 against your property equity for 3 to 12 months, with interest-only repayments and the principal repaid as a lump sum at the end. Your bank loan stays in place, no refinancing required.
Eligibility criteria: You will need a suitable lump-sum repayment plan is required to qualify
Term: 3-12 months
Repayments: Interest only
Principal: Repaid at end of term
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Why it worked: An experienced operator, funded without a business plan
The situation
An experienced franchise operator wanted to buy into a new franchise, in a business they already knew how to run, but the bank wanted a business plan and financial projections on the new site before it would lend.
What we did
We funded $50,000 against the equity in their property, interest only, with a plan to refinance to the bank once six to twelve months of trading history was established.
The outcome
They were trading again within weeks, with the refinance to the bank on track once trading history is in place, as planned from the outset.
Why it worked: A guaranteed turnover clause covering repayments from day one
The situation
A first-time franchise buyer wanted to become their own boss, and the franchise came with a guaranteed turnover clause, topping up weekly income for the first year if trade fell short.
What we did
We funded the purchase with $29,000, repaid through weekly repayments over two years, covered by the guaranteed turnover clause while the business became established.
The outcome
The business is trading, with the loan being repaid steadily over the two-year term.
How Flexy lending works
01
Apply online in minutes
Provide your property address, the amount you need, the purpose of the funds and your repayment plan.
02
Fast assessment
Flexy reviews your available equity, LVR and ability to service the loan. Once we have a complete application, we aim to issue a loan offer within 24 hours.
03
Receive your funds
Accept the offer, complete the remaining requirements through your online portal, and Flexy arranges settlement. Caveat loans can fund within days. Repeat clients can be funded same day.
Related purposes
Read about the other purposes Flexy can fund, and find the right option for your situation. Flexy offers two pathways, depending on your exit strategy: a short-term loan with a lump-sum repayment, or a 2-year option you repay gradually as you go.
Instant estimate
How much can I borrow?
See what your property equity could unlock. Enter a few details for a free, instant estimate, with no obligation and no effect on your existing bank mortgage. It takes about a minute.
Flexy is a direct lender, so you deal with the decision-makers directly. Your existing bank loan stays in place, no refinancing required. No tax returns or profit and loss statements to gather, and loan offers are issued within 24 hours of a complete application.
Frequently asked questions
Do I need a business plan or financial projections on the franchise to apply?
Can I buy a franchise if the bank has already said no?
Does a franchise's guaranteed turnover clause count toward my repayment?
Does my bank need to know about this loan?
What happens if I can't refinance to the bank within the expected time?
Prefer to talk it through?
Call 021 294 8742 or email hello@flexy.co.nz
Lending is subject to approval. Loans are available to New Zealand companies and trusts for business or investment purposes only. Interest rates, fees and lending criteria may change without notice. Flexy Limited, FSP1006845. Terms and conditions apply.
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Is this your situation?
You've found a franchise, but the bank wants a business plan and projections on the new site
The franchise comes with a guaranteed turnover clause, or a payment top-up, that covers your repayments while trade builds
There's equity in a property, and the business's income, or its income guarantee, can cover the repayment
You'd rather not touch your existing bank mortgage to get there
If any of these sound familiar, we can usually give you an answer within 24 hours.
What situations we help with
