With the Christmas holiday just around the corner, Santa Claus has a new issue on his plate: securing franchise financing. Due to increasing demand on his Workshop, as well as new opportunities for his elves, Santa is looking to make the North Pole more attractive for his elves.
“Ho, ho, ho,” starts Claus. “My elves now have the opportunity to go bake cookies in a tree, manufacture crackling rice cereal, or work at amusement parks. These are some of the hardest working elves in the world, and I want to make sure that they stay in the North Pole. I believe that bringing some high profile franchise concepts here will help me keep my talent.”
Despite a stellar management record, Santa is still finding it difficult to securing the necessary funds. “It’s pretty obvious that Christmas is a seasonal business,” says Claus. “Most of my cash is tied up in inventory right now. I need flexible options, which is what attracted me to the franchise group at Direct Capital.”
Direct Capital, a leading nationwide lender to the franchise industry for nearly 20 years, has been recently announcing financing packages to help franchisees deal with slow months. “Santa is a perfect example of a small business owner that is having issues getting access to funding,” says Robyn Gault, VP of Strategic Accounts for Direct Capital. “We’ve started creating programs to help both single and multi-unit owners maintain their cash flow while getting funding now for their franchise projects and working capital* needs. We’ll make sure Santa gets the financing he needs.”
Photo credit to Surely at http://www.sxc.hu/photo/1247852
*Working capital not available in the following states: AK, DE, ND, VT