Spring-Green Lawn Care has launched a new financing program for qualified Green Industry professionals that will allow them to finance as much as 75 percent of the initial investment required to start a franchise.
Recipients can use the financing for payments on vehicles, equipment, supply package, computer software, marketing and working capital. This program is designed to work in conjunction with Spring-Green’s existing lease programs.
The Green Industry financing program is designed for qualified candidates who currently own or are employed by Green Industry businesses. This includes landscape management professionals, landscape maintenance companies, landscape designers, pest control companies, and irrigation/water management professionals.
Spring-Green, which currently has 117 franchises operating in 26 states, said it has welcomed a number of Green Industry professionals since rolling out the company-wide initiatives in 2012. Company executives discovered over the past year and a half that many green industry business owners across the country are thriving but many of them do not have the cash to expand. They believe partnering with Spring-Green will enable these owners to leverage the company’s national brand presence and additional resources.
“We have met with a great number of successful, experienced Green Industry professionals who we believe would achieve the same success as Spring-Green Lawn Care owners,” said Spring-Green President James Young. “Loans under $150,000 are still very hard to come by, especially for start-ups. Offering financing to franchisees gives them one less hurdle to growing their business.”
Many business owners who have achieved success in the Green Industry built their operations from scratch with no financial assistance from banks. The Green Associate Assistance Program applies up to $10,000 of the initial franchise fee toward start-up expenses designated or approved by Spring-Green.
“Without a solid credit history and a relationship with a lending institution, obtaining a loan can be challenging, even for the best operators,” he said. “That is why we are proud to be able to offer this program and others to our franchisees.”
The company also offers a Green Associate Roll-In Program designed for qualified candidates who own independent Green Industry businesses that already provide professional lawn and tree care services and want to convert that portion of their business to a Spring-Green franchise while keeping their existing company. These franchise owners will pay a reduced royalty rate for the first 12 months of operation and are also eligible for the Green Associate Assistance Program.
