Derek Parson’s Top Tips for securing finance for your franchise business

Following are a few tips to help you prepare for a successful finance approval process:

Ensure your financial statements are current

The lender will require copies of (including but not limited to):

Ensure your credit history is clean

If you have any defaults on your credit file, the lender will require a full explanation and written confirmation that the default has been cleared.

Tip: You can obtain a copy of your Credit File from

Clear all outstanding tax debt

If you have any tax outstanding or a repayment arrangement with ATO, it is unlikely the lender will approve your loan and they will require a record of your last 12 months’ worth of tax transactions for company/trust and directors personally. Your accountant will be able to provide this.

Have a thorough Business Plan

The lender will require a copy of: 

Franchise Finance doesn’t need to be difficult

While your bank manager or mortgage broker may have helped you with home finance previously, securing finance for a franchise opportunity is quite specialised and it pays to find a professional finance broker with a proven track record in franchise finance who will: 

For more guidance on finding better finance for your franchise business opportunity get in touch with your Green Team business finance broker.



THE FINEPRINT: The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. While all care and attention are taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances.

Green Finance Group Pty Ltd ACN 145 035 221 is authorised under LMG Broker Services Pty Ltd ACN 632 405 504 Australian Credit Licence 517192.

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Meet the Author

"Owning and running your own business is an exciting, daunting, challenging and rewarding endeavour all rolled into one. Just like the physical premises of your business, your success hinges on your foundations, starting with getting the right finance at the right price. That's where I can help."

Derek Parsons

Finance Consultant
  • Commercial Finance, Equipment Finance

Fortitude Valley, Brisbane

An award-winning small business and franchise finance specialist who's on your side when it comes to finding a better finance deal.

Prior to joining the Green Team in 2018 I worked behind the scenes at some of the country's largest finance institutions, including Westpac and BankWest, primarily helping small and medium sized businesses to secure competitive finance.