Jun 27 2006, 12:17 AM
QUOTE(alqa @ Jun 26 2006, 03:04 PM)
the smartest way to deal with a franchise (for those without a truckload of cash) is to go thru certain specific financial institutions. If you're a bumiputra, go to PUNB (Perbadanan Usahawan Nasional Berhad), if you're not bumiputra go to banks (SME Bank, BCB, RHB, etc).
there are two stages to this application:
Stage 1. The Franchisor
must ensure that the franchisor is registered with Malaysian Franchise Association (MFA) and that the business model is approved by the specific institution that you apply from.
Stage 2. The Franchisee
must ensure that the applicant have at least 10% of the total project cost and.... you must have at least one of the following:
i. Collateral up to 25% of the project cost
ii. Skills and paper qualification for the said field of business/operation
iii. certain number of years worth of experience managing this particular operation/field
other terms and conditions may be imposed and pplied by the franchisor / financier. best is to check MFA website and the banks' / institutions business credit dept.
there are two stages to this application:
Stage 1. The Franchisor
must ensure that the franchisor is registered with Malaysian Franchise Association (MFA) and that the business model is approved by the specific institution that you apply from.
Stage 2. The Franchisee
must ensure that the applicant have at least 10% of the total project cost and.... you must have at least one of the following:
i. Collateral up to 25% of the project cost
ii. Skills and paper qualification for the said field of business/operation
iii. certain number of years worth of experience managing this particular operation/field
other terms and conditions may be imposed and pplied by the franchisor / financier. best is to check MFA website and the banks' / institutions business credit dept.
QUOTE(Mavik @ Jun 26 2006, 03:45 PM)
Hey man,
Good explanation, I will see if I can get the mod to pin this part up.
Thank you very much for your contribution towards the forum. We can't really pin up the thread for now (not because of your post), but the lack of more information here Good explanation, I will see if I can get the mod to pin this part up.
However, we really appreciate your contribution and do continue to contribute around the forum and we'll see to it that in the future, your contributions will be recognized.
Thanks.
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