How to start your own financial business with less than EUR 2,500

There are many franchise offers available on the market. Few of them, however, are in the financial sector, maybe with the exception of those related to insurance. The partnership with Lenno gives you much more.

How to start your own financial business with less than EUR 2,500

At Lenno, we want to be close to our clients in Bulgaria and all other countries in which we operate. This is why we have decided to develop a partnership program and give the opportunity to entrepreneurial individuals to establish their own business in the field of mortgage, business and payday loans, investments, insurance, payments and more.

1. Why chose the franchise model when starting your own business?

If you have a unique business idea and you can finance it, do it immediately before someone else beats you to it. If you, however, prefer to invest a smaller amount in a proven business model, then you should choose the franchise partnership.

The financial sector in the EU is heavily regulated. In order to establish a loan company you will need a few million EUR and at least one year to obtain all necessary licenses.

At Lenno, we have developed a business partnership which is suitable for professionals who want to build their own financial business without having to invest a fortune – and within just few weeks.

2. How much will you need to invest?

Lenno will provide the branding (advertising board, stickers), office furnishing and technical equipment, training and advertising materials.

You will have to cover: the rent of the space, the maintenance (when necessary), all monthly expenses. Unlike most franchise partnerships, Lenno doesn’t charge an enrollment fee nor a commitment fee. This way you can open your Lenno office with less than EUR 2,500.

How to open a franchise

To open your Lenno office, you can write to us at franchise@lenno.com.

3. How much will you earn?

As a Lenno partner you will earn a percentage for each granted mortgage, business or payday loan, as well as each time an installment has been paid. The same goes for each insurance policy, debit/credit card or other service sold.

Your income will mainly depend on the location of your Lenno office, your potential clients and your business skills. Think in the long term and treat each customer with care. The results will come.

4. What are the requirements?

The Lenno brand and our reputation are of essential importance and we don’t compromise with them. This is why we carefully choose each partner. Our main requirements are: good credit history, clean criminal record, entrepreneurial spirit and good communication skills. For everything else our team is at your disposal.

5. How to set up your Lenno franchise?

Take the first step by sending an email to franchise@lenno.com. We will contact you as soon as possible. After the initial approval, you will be invited for a face-to-face meeting at Lenno’s headquarters.

You can expect the final approval within 3 business days after which you will need to find a suitable office space. This is the most crucial step. We advise you that it is between 20 and 40 sq. meters, ground floor with at least 3 meter showcase windows, on a busy street or a boulevard, certainly with a radius of at least 1 km from another Lenno office.

After signing all documents, we will provide you with everything necessary within 2 weeks, during which we will carry out your initial training.

Start servicing your clients and earning money.

6. More about Lenno

Lenno is a financial holding located between London, Sofia and Plovdiv, with assets of more than EUR 15 mln. Lenno JSC is a financial institution, registered with the BNB in 2013. Lenno Global Advisory JSC is an investment intermediary licensed by the FSC for the first time in 1999. We have many interesting products to offer to your customers.

7. Want to learn more about the Lenno franchise?

Write to us at franchise@lenno.com.

Trade Responsibly: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.17% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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