Dynamic Business:

With small businesses often facing issues obtaining financial support from major financial institutions, Snap-on Tools has implemented a new credit program aimed at assisting prospective franchisees by allowing it to finance the start-up costs of a new franchise for an initial investment by a prospective franchisee of a minimum of $37,000.

Snap-on Tools ANZ Managing Director Ajit Ponnambalam said the program is centred on helping franchises become successful.

“This program will allow us to invest in and support people who we see as being ideal candidates for a Snap-on franchise but are facing financial obstacles in starting their business,” he said. More.