Start-Up Funding Available

REQUEST A PROSPECTUS

Start-Up Franchisee Funding Available

When you choose a Pink Spaghetti Franchise, we genuinely support you every step of the way – including assistance with accessing and applying for a Government-backed Startup Loan.

Our experience team at HQ possesses extensive knowledge in business startups. The process is simpler than you might imagine, and we also collaborate with an independent, specialist team who can guide you through and expedite the process.

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Complete support

Pink Spaghetti is committed to providing you with all the assistance and support necessary to turn your business into a true success story.

We recognise that contemplating a franchise opportunity is a big decision, accompanied by numerous factors to consider. These include assessing the suitability of the business model for you, determining your commitment to a 5-year agreement, and, most importantly, understanding the potential financial implications it may have on your lifestyle.

Transitioning from a stable monthly salary to becoming self-employed and establishing a business can be an intimidating prospect. Pink Spaghetti are dedicated to offering everything you’ll need to make your business a real success story.

Fast Track Your Franchise Launch With Government Backed Funding

We often come across individuals who are exploring franchise opportunities and are in search of financial support, which can become a bit of blocker in not knowing where to start. That's why we have collaborated with an independent business advisory firm, to extend our support in this area. The independent business advisory firm specialise in partnering with government-backed funding providers. Our dedicated contact has been assisting both franchisors and franchisees for 25 years, ensuring you receive the reassurance and guidance necessary throughout your journey.

You can receive support with getting funding for a Start Up Loan, which is a government-backed personal loan available to individuals looking to start or grow a business in the UK. In addition to finance, successful applicants receive 12 months of external free mentoring and exclusive business offers to help them succeed. The loan is unsecured, so there’s no need to put forward any assets or guarantors to support an application. Some of the benefits of the Government backed loan are listed below:

Funds are provided by a third-party bank, not the high street banks

You can borrow between £500 – £25,000

The loans are specifically designed to encourage business start ups

The loan will look at the cost of the franchise fee, any working capital that may be required such as equipment, and how much is required to remain solvent for the first 12 months

An example of repayments for a £10k loan over 5 years at 6%, would be £193 a month

You can pay off your loan early at no extra cost as your business with Pink Spaghetti grows

What's The Process?

The process is straightforward. Firstly, once you’ve requested a Pink Spaghetti franchise prospectus, you can reach out to our support team to request information about the Government backed funding. We will then put you in touch with our contact at the business advisory firm.

You’ll need to complete a short enquiry form and then you can expect to hear from an independent advisor who will contact you via telephone for a non-obligatory discovery call where you can understand the process and ask questions.

If you decide to proceed, together you will go through various stages of the process such as your financial situation, a credit check, a business plan and realistic cash flow projections. Don’t worry, you will receive support throughout if you get stuck.

After that, you’ll submit your documents and expect to hear back within a week as to whether your application has been granted. From there, within a few days you can expect to draw down your loan. The process can take between 2-3 weeks, however in some cases it can take longer, and to do it independently can take up to 12 weeks.

By using a business advisor, you’ll have ongoing advice, assistance with responses to the provider’s questions, a streamlined process for quicker completion, and expertly crafted business plans and cash flow projections to meet loan company preferences.

Alternatively, you can go through the process yourself by looking online at Start-Up Loans.