Small Industries Development Bank of India (SIDBI) and Franchise India has been collaborating to provide financial support to established franchisors as well as to start-up franchisors. This collaboration was started as a funding initiative to help entrepreneurs make franchising models of businesses, which are less intimidating. SIDBI is an institution that helps franchisors procure funds for their business. NBFCs would also be willing to lend to businesses who need funds to expand.
Getting a loan depends on a few factors like how well your business is running, the volume of your property and your credit history. Your credit history will play an important role in getting loan approval. If you have been defaulting on your payments, this negative issue will reflect on your credit score. If your credit score is low, lenders usually don’t approve loan applications.