Owning and running a business means no longer being tied to the grind that employees are subjected to every day. No wonder many professionals dream of getting out of the rat race. Likewise, many Overseas Filipinos (OFs) want to ensure that their hard-earned money is invested in a self-sustaining, profitable venture that can secure their families’ future.
But, did you know, 7 out of 10 Filipinos who aspire to have a business are too afraid to go for it? While the idea of financial freedom is very attractive, becoming an entrepreneur can be intimidating for several reasons: 1) the lack of capital, 2) inadequate knowing and training in running a business, 3) limited time to work on the potential business, and 4) simply because people don’t know where and how to start.
Unknown to many, the dream of entrepreneurship is very much within reach because BPI Family Savings Bank’s (BFSB) Ka-Negosyo Franchising Loan can provide funding, especially for the initial capital for a franchise, for budding business owners. The terms, assures Ms. Cedoy Roces, Ka-Negosyo Loans Business Division Head, are both reasonable and achievable. “We have customized financing, which depends on the borrower’s cash flow, amount of loan, and payback period of the particular franchise brand.”