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How to apply for a franchise loan?
Create an account by signing up here. You will proceed with the loan application once an account has been created.
Our team will process your application by validating and verifying all your submitted information and requirements. The process usually takes 24-48 hours if all needed requirements are submitted.
Once your loan has been approved, it will be forwarded to our lenders for funding.
You will be notified when a Lender decides to fund your loan.
Questions? We have answers
What is a franchise loan?
A franchise loan or a business loan is a kind of financial assistance offered by banks, and other financial entities to help fund a borrower’s business venture. This franchise loan allows its borrower to pay for franchise license fee which in effect also allows the borrower to provide services and products under the name of the franchisor and its business. Now, franchise loan or business loan is being offered for the Filipinos and by the Filipinos anywhere in the Philippines.
How do franchise loans work?
Franchise loans are often offered by banks and non-bank financial institutions (NBFI). An example of NBFI is franchisor financing, wherein the franchisor offers the funding and terms for the franchisee. This enables the franchisor and franchisee to directly connect and communicate regarding the franchise.
Through franchisor financing, they could converse on how much and how often they need to settle repayments. Other source for franchise loan is peer-to-peer funding and that’s what Blend PH offers—an alternative and convenient way of franchise loan applications done online for people who want to venture the field of startup business.
Is it hard to get a business loan?
Franchise loans or business loans are easy to apply to as long as you have your complete set of documents and information. With complete requirements, you are guaranteed that your application will be processed therefore, you will definitely get results. However, even though you have complied to all the submissions, these lending entities will always check your credit scores so, make sure that you have an average to good credit score. Your credit score will define your loan application eligibility, and once you have a clear and good rating, this will increase your chances of being approved to your desired franchise loan product.
How can I get a loan to start business?
One of the ways to get a loan for your business is through Blend PH. Blend PH offers franchise loans accessible anywhere in the Philippines since it is accomplished online. Just log on to www.blend.ph and check your eligibility for your chosen online franchise loan or business loan. Once done, you can now sign up as a borrower and submit all the necessary documents and information asked. If you have submitted a complete set of requirements, your application is guaranteed to be processed between 1 to 2 days.
Blend PH’s online franchise loan is the best online loan for every Filipino. Its terms and repayments are flexible and the loanable amount ranges from PHP 50,000 to PHP 2,000,000 with an interest rate of 2 to 3 percent. With a low-interest rate, you can avail of your dream franchise from Blend PH’s set of franchise partners. Repayments are set to be settled from 12 to 36 months. A perfect deal for a business-minded person like you. If you want to avail of a small or even a medium business for franchising, Blend PH’s franchise loan is here for you.
Plus, once you are approved, your borrowed capital will be disbursed directly to your chosen Blend PH franchise partner. Skip the lines of processing and start your online franchise loan application without leaving your doorstep.