How Biz2Credit Arranged Funding For A Multiple Franchise Expansion
Who does not love creamy ice cream, soft pretzels, and fresh-baked cookies? Those are three foods that are guaranteed to put a smile on anyone’s face, which is exactly why Bilal Bhatti decided to make a career centered around these crowd-pleasing foods. Bhatti is the proud owner and operator of several franchises, including Auntie Anne’s Pretzels, Carvel Ice Cream, and Nestlé Toll House Café. He operates multiple stores across several states, including Virginia, North Carolina, Iowa, and Missouri. Since purchasing his first franchise in 2013, Bhatti has devoted over nine years to being a thriving franchisee and providing his customers with their favorite sweet treats.
After spending several years growing his business and purchasing multiple franchises across four different states, Bhatti was eager to find additional opportunities to expand his business. To reach these aspirations, he knew that he would need to acquire additional capital to achieve this desired growth. After considering the different small business financing options available to him, he decided to reach out to his payroll provider, Paychex, and see what advice they could offer him.
"My business was at an idle state and not operating at the fast-growing pace I desired. I was not able to grow my business and I needed money to help with both expansion and general working capital."
After discussing his needs with Paychex, they provided Bhatti with information on Biz2Credit and let him know that they were one of the best small business lenders that would be able to provide him with short-term, working capital. Once Bhatti spoke with Biz2Credit and decided that they were the best lender for his business’s specific needs, he gathered his application materials and applied for funding.
"After submitting my application documents, I received a decision within just three days. After that, I waited about another 5 days and the funds were added straight into my bank account. Applying and receiving financing from Biz2Credit was seamlessly easy. The entire process, from A to Z, could not have been simpler."
Bhatti shared that one of the ways that Biz2Credit stuck out from other lenders was their personal touch they had in every conversation and interaction. "The representatives at Biz2Credit actually gave me their cell phone number, so whatever or whenever I needed something, I could text them at any time and get the information or update that I was looking for."
By receiving this financing from Biz2Credit in such a quick and timely manner, Bhatti was able to take advantage of exciting business expansion opportunities and purchase new franchises.
"Ever since I received my first financing from Biz2Credit, I was able to expand my business instantly because I finally had working capital. Now, getting any additional franchise locations has become a quick process. Biz2Credit has been there every single time I have needed help."
When asked what the secret to success is for running a franchise, Bhatti shared that having a strong motivation and drive for taking care of your customers is essential to success. He also shared that his favorite aspect of being a franchisee is having the opportunity to work with so many supportive and well-known companies. Are you a franchise owner or aspiring entrepreneur that is curious about the different types of financing options available for franchises? Check out this in-depth guide from Biz2Credit!
"Without Biz2Credit, my business would not have expanded as quickly as it did. They provided me with the capital that allowed me to scale and sustain my business growth."
Watch Bilal Bhatti’s customer success story, where he discusses firsthand, his experience working with Biz2Credit Funding Specialists and the entire process of getting his small business financing from Biz2Credit.
Are you a small business owner seeking additional funding to help meet your business goals? Contact a Biz2Credit Lending Expert today!