Do I wait until I have been on the induction course to organise funds to pay for the franchise?
No, this will only delay the start of your new business. As am sure you appreciate we cannot incur expenditure forming a company buying data and so on until you have paid for the franchise. It is therefore far more advantageous to talk to either your own bank or Nat West before you come on the course. Ideally you need to know that the loan has been approved in principal before attending the course. If after being on the course you decide not to purchase the franchise you will not incur any bank charges for having the loan agreed in principal. It is only if you draw down the loan that you start to incur costs and interest.
