Franchise Expo > Franchise Information > News > 08/12/2009

Royal Bank Of Scotland Assists New Franchisees

Everyone knows that the banks are reluctant to lend money in these tough economic times but the Royal Bank Of Scotland has shown confidence in a new franchise opportunity and agreed to offer franchisees of The Video Inventory Agency unsecured finance to fund start up and marketing costs of their Video Inventory Agency Franchise

Frazer Fearnhead, CEO of The Video Inventory Agency says, "We have had a phenomenal response from the Franchise Expo site already and are currently talking to around 30 potential franchisees. Although our franchisee start up fees are very reasonable at just £3500, franchisees will also need some working capital, so the offer from RBS to fund our successful applicants is extremely positive news both for us and those that are keen to take advantage of this highly lucrative opportunity but do not have sufficient capital of their own. It is also a very positive reflection on our business model that RBS are willing to make unsecured loans to our franchisees."
RBS have also agreed to include 2 years free business banking for all TVIA franchisees.

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