Franchise Financing

Franchise Financing In Canada

True North Financing helps entrepreneurs explore franchise financing in Canada for new and existing food and retail businesses. Whether you are opening your first location, purchasing an established franchise or expanding your business, we help you review financing options suited to your plans.

We help you understand lender requirements, prepare supporting information and compare available financing terms. Funding availability, loan amounts, rates and approval depend on the proposed transaction, your financial circumstances and the lender’s assessment.

Financing for New and Existing Franchises

Opening a new franchise: We help you explore financing options for launching a food or retail franchise, including proposed equipment purchases, leasehold improvements, inventory and working capital. Eligible costs depend on the financing product and lender.

Buying an existing franchise: We help you review financing options for purchasing an operating franchise. Lenders may assess the purchase agreement, business financial statements, your experience and your investment in the transaction.

Expanding your franchise business: For existing franchise owners, we help explore funding for additional locations, renovations, replacement equipment and operating needs. Each application is assessed individually.

Food and Retail Franchises We Help Finance

Food franchises: We help prospective and existing franchise owners explore financing for restaurants, quick-service food businesses, cafés, bakeries and other food-service concepts.

Retail franchises: We help entrepreneurs review financing for franchise stores across a range of retail categories, whether opening a new location or buying an existing operation.

Financing options depend on the franchise concept, project costs, business performance and applicant’s financial profile. We review your proposed transaction to help identify suitable options; approval is determined by the lender.

Who Can Apply?

We work with entrepreneurs planning to open a food or retail franchise, buyers acquiring an existing franchise and franchise owners seeking funding to expand their operations across Canada.

When reviewing your application, lenders may consider your credit history, available investment, relevant experience, franchise agreement and ability to repay. New locations may require a business plan and financial projections, while existing businesses may require historical financial statements.

Requirements vary by lender and financing product. Contact True North Financing to discuss your plans and the information needed for an initial review.

Application Process:

Start by telling us about the franchise, its location, whether you are opening a new business or buying an existing operation, and how much financing you need. We’ll discuss your plans and explain what information may be required for an initial review.

Depending on the transaction, supporting documents may include a franchise agreement, business plan, project budget, financial projections, lease details or purchase agreement. For an existing franchise, lenders may also request historical financial statements. We help you organize the information and explore financing options. The lender makes the final approval decision.

What to Review Before Choosing Franchise Financing

Your total investment: Consider the purchase or setup costs, equipment, renovations, inventory and funds needed to support initial operations.

Your contribution: Discuss how much you can invest personally and what additional funding you need.

Financing costs and repayment: Review the proposed interest rate, fees, repayment schedule and any security or guarantee requirements before accepting an offer.

The franchise and location: Prepare information about the franchise agreement, premises and business performance or projections to support the financing review.

Planning to open, purchase or expand a food or retail franchise? Contact True North Financing to discuss franchise financing options across Canada.

Contact

Mohan Malhotra, Mortgage Agent Level 2 (Lic # M11001890)
Lending Hub, Broker#12566
Address: 81 Zenway Blvd. Unit 25,
Woodbridge On L4H 0S5
Ph: 647-456-3424
Email: mohan@tnfinancing.ca