Too often we see people deterred from starting their dream business due to financial limitations. It’s true that starting any business will involve some kind of financial investment, however, it’s not impossible to start a business with limited capital. In fact, the founder of Jim’s Group, Jim Penman, started Jim’s Mowing with only $24 in his pocket!
Today, there are a number of ways to secure financing for your small business. There are lots of financial opportunities out there for people who are thinking about starting a franchise business in the coming months. The trick is simply knowing where to look!
So, you’re thinking of starting a franchise
Running your own business can be a hugely rewarding endeavour. When you’re self-employed, you’re able to set your own working hours, you have an opportunity to learn new skills, and you get to keep the majority of the money you earn to yourself.
Starting a business under a franchise model is popular because it takes some of the risk out of the equation. At Jim’s Group, we’ve been perfecting our operating systems and refining our brand for the last 30 years. With over 90% brand recognition in Australia, a Jim’s Group franchise is much more likely to succeed than an unknown home services franchise.
In this article, we’ll share with you some of the financial support services on offer to new franchise business owners. We’ll tell you what you need to know, what resources are out there, and how you can get started today.
What is Jim’s Financial Services?
Founded in 2015, Jim’s Financial Services is Australia’s ‘One-Stop Finance Destination’. With a full and diverse suite of services on offer, our goal is to streamline and simplify the process of accessing financial services. Rather than having to go to separate specialists, our clients can come straight to us for all their financial needs.
Our comprehensive range of financial services include:
- Home loans
- Vehicle leasing
- Financial planning
- Car loans
- Personal loans
- Small business financing
What should you have in order before applying for franchise financing help?
Applying for small business finance can be a time-consuming task, so it helps to have all your documents in order before you meet with your lender. For businesses that have yet to launch, you should have the following documents prepared before applying for any type of franchise financing assistance:
- Cash-flow projections
- Business plan
- Business contract of sale
- Lease agreement (if renting any vehicles)
How can Jim’s Financial Services help?
Finding the money to cover start up costs is a problem that many business owners have had to overcome. However, with the right help, you can secure financing to help you launch your business in no time at all.
At Jim’s Financial Services, our financial consultants will help you create a strong application to pass onto lenders. In many cases, we’re able to get your application approved in as few as 5 business days. That way, you can get your business up and running in less than no time.
We know what it’s like to start a franchise
Over the last few years, Jim’s Financial Services has helped dozens of franchise owners launch their businesses. This means that we have specialised experience with the franchise industry that other financial services brokers may not be equipped with.
To add to that, as a Jim’s Group franchise division ourselves, we have specific working knowledge of the Jim’s Group franchise model. As such, our team is able to provide specialised and industry-specific advice to upcoming Jim’s franchisees.
We have connections in the industry
If you’re a business that is just starting out, it can be difficult to secure a business loan. Many traditional lenders ask that a business is already taking in sales before it can apply for financing.
At Jim’s Financial Services, we have established relationships with a range of marketplace lenders and key industry organisations who understand and trust the Jim’s Group business model. These connections allow us to provide our clients with effective financing solutions with a quick turnaround.
We can get you on the road sooner
One of the advantages of owning a Jim’s Group franchise is that you don’t have to manage and maintain a shopfront. Our franchisees work on the road, usually out of a vehicle. If you need financial help to cover your vehicles and equipment costs, Jim’s Financial Services has a range of fleet vehicles that you can use to get you started. That way, you can get on the road sooner and start making money sooner.
Jim’s Pay For Work Guarantee
One of the biggest points of difference that separates Jim’s Group from other franchise companies is that here at Jim’s Group we offer a unique Pay For Work Guarantee. This guarantee seeks to grant our franchisees with a financial safety net.
Our Pay For Work Guarantee is a kind of safeguard that we provide to all our franchisees. Franchisors will pay franchisees for performing works and tasks for free. By doing this free work, franchisees are able to rapidly build their business and establish their client base.
More questions about financing?
If you’re curious to learn more about the financial services we have to offer at Jim’s Financial Services, get in touch today. We aim to provide all our clients with personalised and high-quality service. To book in for your free consultation, get in touch with us today by submitting an enquiry online or by calling 131 546.
Or to find out more about getting your franchising journey started, contact us about how you can own your own franchise today.
We have regional franchisor opportunities and some pre-loved franchises available Australia-wide.
Select from the drop-down box what division you are interested, and one of our team will call you to discuss the options available for you.
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Customer Contact Centre
Mon – Fri: 7am – 8pm (AEST)
Sat, Sun: 8am – 4pm
Jim’s Group Pty Ltd
48 Edinburgh Rd
National Office Phone
(03) 9780 9998
Mon – Fri: 9am – 5pm (AEST)