MANILA, Philippines - Franchising stands as a premium investment for Filipinos and proves to be a robust sector by remaining on top of the game despite recent local and global economic difficulties. And early this year, as the small and medium enterprise (SME) sector shows optimism and readiness for expansion, franchising turns up to be a great deal.
Kicking off the entrepreneurship hype among Filipinos and the franchise industry, BPI Family Savings Bank or BPI Family pioneers a business loan catering this emerging business trend.
Called the Ka-Negosyo Franchising Loan, BPI Family zeroes in on Filipinos who want to venture into franchising.
“We are starting the year right for Filipinos by pioneering a product that will empower more and more entrepreneurs in their business ventures. We are capitalizing on our strength to make it easy for Filipinos to start-up and sustain their business through the Ka-Negosyo Franchising Loan,” Jose Teodoro “TG” Limcaoco, BPI Family Savings Bank BPIFSB president, said.
The first franchising loan in the market, the Ka-Negosyo Franchising Loan, introduces the “lite mode” in which clients pay interest on the first six months and start paying for the principal payment on the 7th month.
With loan amounts starting at P500,000, clients can easily start and sustain a business. Ka-Negosyo Franchising Loan makes it easy for starting entrepreneurs as its freed up cash flows can be allotted for the other starting-up costs.
As new business prospects roll out this year, BPI Family gets ahead the entrepreneurship drive among Filipinos by giving them wider access to business financing.
Further strengthening this thrust, BPI Family partners with the Association of Filipino Franchisers Inc. (AFFI) and the Philippine Franchise Association (PFA) to make sure Ka-Negosyo clients get the best deals for their investment and provide a seal of authenticity to franchise businesses that client get into.