Is there a list of approved lenders that Budget franchisees must use?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
Budget expects franchisees to finance 100% of the purchase price of their fleet, and expects that you will provide security for this financing using the fleet, your (or your owners') personal guarantee, and, perhaps, certain of your (or your owners') personal assets.
If you finance the fleet, you will make finance payments to financial institutions you select to provide the financing.
Source: Item 10 — FINANCING (FDD page 37)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, franchisees are expected to finance 100% of their fleet purchase. Budget expects franchisees to provide security for this financing using the fleet itself, a personal guarantee from the franchisee (or their owners), and potentially some of the franchisee's (or their owners') personal assets.
Budget does not specify or require franchisees to use a list of approved lenders. Franchisees are free to select financial institutions of their choosing to provide the necessary financing for their fleet.
This arrangement is typical in the franchise industry, where franchisees often secure their own financing. Prospective Budget franchisees should consider this when evaluating their financial resources and business plan.