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There are many popular types of businesses in the Philippines today, and some of the most popular according to many Filipinos are franchise businesses like food carts businesses. And to make it easier for many Filipinos to franchise a business, many loaning firms and banks had started to offer different business loan services for Filipinos. A popular example is BPI’s Ka Negosyo franchise and business assistance services. Benefits of Franchise Businesses There are many reasons why franchise businesses became popular in the Philippines. One is because of the advantage of franchise businesses for franchisees in which they are given the benefit of starting up quickly based on a proven trademark, and the tooling and infrastructure as opposed to developing them. But other than that, another reason why franchise businesses became a popular trend in the Philippines is because these businesses allows Filipinos to easily establish their own business without having to think about its concepts as well as how to make their business successful. This is usually because most franchisers care about the success of their franchisees due to the fact that most of the company’s income comes from their franchisees. However, not all franchise businesses in the Philippines are known to provide such luxuries to their franchisees. Others normally offer cheaper franchise costs, but the success of their franchise business depends on the capability of their franchisees. This is the reason why many business experts highly recommend franchise businesses that had established a firm name in the market. Although beneficial, most of these types of franchise businesses are expensive. And this is the reason why business loan service providers such as Kanegosyo franchise and business assistance services by BPI had gained a lot of popularity among many Filipino entrepreneurs. Benefits of Ka Negosyo Ka Negosyo franchise and business assistance services are a new addition to BPI’s loan services. Other than their Home-Loan and Auto-Loan services, which specialized in providing financial services for Filipinos to own a car or a house respectively, BPI had also introduced Ka-Negosyo services to cater to the growing needs for business loans. The main advantage of the service is that it allows Filipinos to own a business even though they lack the necessary advantage for it, such as franchising a new business as well as to cover it’s overhead costs. Another benefit of this business loan service is that it also gives financial support to Filipino entrepreneurs planning to expand their business. Because of BPI’s new service, the Ka-Negosyo business service, many Filipinos were finally given the chance to start their own business or to franchise a business which would help them financially, particularly for the future of their family.
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