Honor Loan for Franchising
The opening of a franchise business is a way off the beaten path in labor markets where unemployment rates are high. In fact, if companies are not able to take on the entire slice of the unemployed population, then part of it will try the way of trade and, to simplify the system, it will probably choose the solution of the franchise.
The costs, or part of them, of start-ups can be financed through a loan of honor for franchising.
Who can apply for a loan of honor for franchising
All those who intend to set up a franchise business will be able to obtain this loan as long as, if they operate through a company, this is a new one, regardless of whether it is a company of capital or people. The other restriction has been linked to higher age, non-employment and residence requirements in Italy for at least 6 months. These requirements must be held by half of the members of the new company. Furthermore, they must have a number of shares equal to at least 50% of the ownership.
Intended use of the honor loan for franchising
Against the capital disbursed in the event of awarding the loan, it will be possible to purchase goods and services identified by the legislator which are: tangible assets such as furnishings for the store, machinery, infrastructure costs for connection to utilities (electricity, gas, telephone), intangible assets with multi-year duration, such as concessions, licenses, advertising expenses.
If the buildings used to operate the business are to be restructured, only 10% of the capital can be allocated to them. This implies a strong attention when choosing the premises on the road that often find themselves in worn conditions and must necessarily be restored.