The franchise company FiltaFry is now collaborating with the nationwide and centrally-operated CRONBANK AG, a direct bank specialising in associated groups and system head offices as well as their trading and franchise partners. All franchisees of the mobile fryer service in Germany now have the opportunity to obtain their start-up financing or a loan to develop their operations without complicated, months-long appraisal procedures.
Long-term uncertainty is over
“I am delighted about this partnership and that we have found a bank which, apart from attractive interest rates, provides FiltaFry franchisees all over Germany with the advantage of having a contact partner, enabling all our queries to be handled centrally”, says Jos van Aalst, Managing Director of FiltaFry Germany.
“Whereas previously each franchisee had to arrange their own financing at a local bank and was subject to continual checks as well as providing personal information, now only the personal information of the franchisee is required – the details of the franchise system no longer have to be explained.” This vastly accelerates the appraisal process and the decision is made within a much shorter period, creating a bigger advantage for both the franchisor as well as the franchisee.
Before and during the appraisal process, the franchisee receives professional support. For years FiltaFry has relied on Succeed GmbH and Mathias Mundt’s team: “Taking care of our franchisees’ financing needs has always run smoothly: from the joint preparation of the business plan to the successful transaction at the bank. Having a neutral partner inside this process like Mr. Mundt is invaluable”, says van Aalst.
