NatWest Bank are prepared to support prospective Junk Hunters franchisees by providing funding of up to 70% of the required capital.

Junk Hunters Managing Director Harsha Rathnayake is pleased to announce that, following a positive meeting, NatWest Bank are prepared to support prospective franchisees by providing funding of up to 70% of the required capital, to get their businesses ‘on the road’. In addition they will consider lending up to £50,000 on an unsecured basis. Both of these options will be subject to status and the bank’s usual checks.

Harsha commented; “We recognised that we had to disappoint some good prospects who simply didn’t have the initial level of funding required to get started. With the excellent support that NatWest have offered, a Junk Hunters franchisee can now get their business up and running for a minimum investment of £18,000. I’m confident that, with the bank’s support, we will get many more individuals on the road to building a substantial business. If you are interested in finding out more about funding then please contact us at Junk Hunters Head Office and we will put you in touch with a member of the NatWest Franchise Team.”

The NatWest Offering

Whether you are just starting out as a Junk Hunters franchisee or are an established franchisee looking to grow your business, our franchise team can offer you a complete Business Banking service. Available from 9am-5pm, they are on hand to support your growth and development ambitions complimented by either a local franchise manager or a 24 hour a day, 365 day a year central team. The central team provide a telephony account opening service which can be completed at your convenience.

We can help your franchise by offering:

• 18 months of free banking available to businesses that have been trading for less than a year and with an annual turnover under £1 million.
• Business loans: borrow from £1,000 and above subject to approval from between 1 and 5 years (rates depend on circumstances and loan amount).
• No annual fee for the NatWest Business Credit Card for the first 12 months (available subject to status).
• Fee free overdraft facility of £500 (available subject to status).
• Our mobile banking app, available to download on iOS, Android, Blackberry10 and Windows. You must be registered for NatWest Online Banking to use this service.
• Card processing facilities through Worldpay enabling you to take credit/debit card payments.
• Guidance, training and 24/7 advice on employment law, environmental law and health& safety regulations and tribunal representation.

Free banking means that the charges for the day to day running of your account (known as your ‘service charge’) will not apply during the free banking period.

At the end of this period, you will automatically move to the Standard Tariff. Charges for “Additional Services” and “Unarranged Borrowing” are not part of the free banking offer. Free banking applies to businesses that started trading within the past 12 months with projected or existing annual turnover not exceeding £1 million.

*Security may be required. Product fees apply. Over 18s only. Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it. You should take independent professional advice in respect of any aspect of franchise licensing.