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What should you look for to ensure that the bank you choose can meet your expectations?
A National Office team dedicated to franchise banking
First of all, the bank you choose should have a national team, dedicated to franchise banking. You will benefit if a National Team is responsible for franchise banking across the country, as there will be consistency in financing and service options no matter where in Canada your franchised business is located. And the Team should be dedicated, so that supporting franchised businesses is its primary focus, rather than a sideline or add-on.
Franchise focused account managers
Secondly, you might want to look for a bank that has unique "Franchise focused" account managers. Account Managers that have local expertise and knowledge can help you further profile your business, especially if you are not familiar with the neighbourhood. Through their affiliations, they can put you in touch with local business associations and organizations.
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