Lloyds TSB
Lloyds TSB is one of the major providers of finance to the franchising sector in the United Kingdom. Our dedicated franchise team is willing to discuss any aspect of franchising with you. We have knowledge and experience to help you and to support our network of Business Managers nationally.
Our Business Managers have access to a comprehensive database of franchise systems operating in the UK and internationally. They combine this franchising experience with their knowledge of the local marketplace to give you dedicated support and guidance and help around 100,000 new businesses get started every year. Whether you are thinking of becoming a franchisee or wish to franchise your own business we can help you.
Lloyds TSB are affiliate members of the British Franchise Association and our Franchise Unit works closely with the BFA to promote ethical franchising within the UK. Richard Holden, Head of Franchising for Lloyds TSB, regularly speaks at BFA seminars and exhibitions promoting benefits and pitfalls of franchising to both prospective franchisees and people looking to franchise their business concept. Richard has also written several articles for trade publications and is often quoted on franchising issues in the national press.
Q How much of my franchise start-up costs can Lloyds TSB lend?
A The amount Lloyds TSB can provide will depend on your own personal circumstances, the amount sought and the specific franchise you would be investing in. Commonly, Lloyds TSB could provide between 50% to 70% of the total start-up funding required including any working capital, subject to status. Contact our Franchise Unit on 0117 943 3089 to discuss your individual circumstances.
Q At what stage should I approach a bank?
A Lloyds TSB can provide initial guidance supporting your research into franchising and the available opportunities. Once you have narrowed down your options, we would be delighted to meet with you to discuss banking and financial support. Call our Franchise Unit on 0117 943 3089 to arrange a meeting with one of our experienced Business Development Managers operating locally to you.
Q What range of services can I benefit from by banking with LloydsTSB?
A Lloyds TSB provides up to 18 months free day to day banking for new start up franchisee businesses with an annual turnover of up to £2 million. We’ll help you plan your business and give you software to simplify your bookkeeping and a free guide to running your business. Moving your existing business to Lloyds TSB is easy and you’ll get up to 6 months free day to day business banking transactions. Customer communication with the bank is important to us and we provide Telephone and Internet Banking services at no additional cost.
Q What information is available for me to learn more?
A Whether you are thinking of becoming a franchisee or wish to franchise your own business we can help you. We can provide prospective franchisees with a free information pack. Call us free on 0800 056 0181 to request your information pack.
To discuss any aspect of franchising, call the Lloyds TSB franchise team on 0117 943 3089 alternatively email franchising@lloydstsb.co.uk or write to Lloyds TSB Franchise Unit, PO Box 112, Canons House, Canons Way, Bristol, BS99 7LB.
