The Property Franchise Group (TPFG) has announced the launch of a new bespoke lending facility, created with Barclays.

This initiative aims to make it easier and more cost-effective for TPFG property franchisees to access funding, accelerate business growth through acquisitions and refinance existing debt on more favourable terms.

Benefits include access to lending of up to £1.25m (subject to standard lending criteria) to support substantial growth plans and the ability to use funds for new business acquisitions or to refinance existing loans, with up to 70% Loan-to-Value (LTV) available.

Ben Dodds, Chief Financial Officer of The Property Franchise Group, commented: “We know that access to the right funding has historically been a challenge for our franchisees, often limiting opportunities to expand their businesses.

“Working with Barclays on this bespoke pathway represents a significant step forward – using the strength and scale of our Group to deliver real financial advantages for our network.”

Pilot proves success

The bespoke pathway for accessing lending was successfully piloted with a number of franchisees from April this year, demonstrating its effectiveness and appeal. The success was broadly split between funding for new acquisitions and refinancing existing arrangements, including franchisor-provided loans.

The facility is now formally launched, and all TPFG franchisees can engage directly with the dedicated Barclays franchise team to explore their funding options.

Louise Jones, Franchise Business Development Manager at Barclays, added: “By understanding the specific challenges and opportunities within TPFG’s franchise network, we have been able to provide a solution that helps open up access to funding. We look forward to supporting TPFG franchisees as they expand, refinance, and strengthen their businesses.”

This new facility marks a significant new financial initiative for TPFG, further strengthening its proposition and aiming to provide its franchisees with a distinct competitive advantage in the UK property market.