Encouraging Filipinos not to hesitate in putting up a business, BPI Family Savings Bank with its Ka-Negosyo Franchising Loan is off for ‘Franchise Road shows’ nationwide, offering the ‘Best List’ of brands to franchise
‘Franchise Road Shows’ are set to reach the Small and Medium-sized Enterprises (SMEs) or the ‘Filipino Negosyantes’ across the country and help them interact with the franchisors, enabling them to chose which to franchise.
“In those road shows, we, when we go there, it would be a forum composed of prospective investors, you know, those who would like to go into business,” said Noel Altamirano, Consumer Loans Product Marketing Head, on April 24,during BPI ka-Negosyo Best List Congress event at Sofitel Manila, Roxas Boulevard.
He said that over the last several weeks, they have already gone through road shows in some provinces including Los Baños, Lucena, Puerto Princessa, Cabanatuan, and Tagbilaran.
Altamirano added that in the forum, they let the franchisors talk and sell their businesses to the ‘would be’ prospective investors.
There were at least 68 or 69 brands under the BPI ka-Negosyo Franchising Loan and among the brands in the ‘BPI ka-Negosyo Best List’ are 7-Eleven, Adobo Connection, Aqua 2000, Bibingkinitan, and Binalot.
BPI ka-Negosyo Best List includes the brands with good financial standing and provide significant marketing support for their franchisees as accredited by BPI Family Savings Bank.
Those that are in the list are being recommended to the entrepreneurs who are looking for a brand to invest in.
Soon, BPI Family ka-Negosyo will be holding road shows in Pagadia, Iligan, General Santos, Misamis, Butuan, and Tagum.
The BPI Ka-Negosyo Franchising Loan
For the ka-Negosyo Franchising Loan, BPI Family helps Filipinos start a business through franchising, lending financial assistance to entrepreneurs with their chosen franchising brand, each of which offers different packages.
“If fact today parang we are identified as a franchising loan, it’s funny because when they say franchise, they thought that they will go to the BPI Family Bank to get a franchise, but we are just the financing behind the franchise,” according to Cedoy Roces, Ka-Negosyo Loan Business Division Head.
The loan can fund the entrepreneur’s start-up at zero-collateral with a light payment scheme offered at the beginning of the amortization that will ease in managing cash flow.
“Kung meron kang need for a big investment such as you want to invest in a franchise but you foresee That your cash flows will come in not now but in the future that’s when you need to borrow,” stated Ginbee Go, Consumer Loans Head.
Aside from the SMEs, some of their clients are OFWs and future retirees.
BPI Family Bank has partnership with Philippine Franchise Association and Filipino Franchisers, Inc., two reputable organizations who also advocates building financial awareness among Filipinos.
A study showed that 7 out of 10 Filipinos are in to putting up a business yet are afraid to take risks.
“If one wants to get into business fast, the key is, one of the best ways, is to go into franchising,” Altamirano stated.
According to him, franchising is the ‘tried and tested business models’ across the place and the good thing about this kind of business is that franchisor surely offers its full support to their investors.
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