Home / Business / What Made Businesses Popular in the Philippines?

What Made Businesses Popular in the Philippines?

Loaning is usually an indispensable part of starting a business, particularly for larger businesses. And because of today’s popular trend of starting one’s own business in the Philippines, there have been a number of new loaning firms that offers their services for Filipinos planning to start their own business. A popular example is Bpi business loans.

What Made Businesses Popular in the Philippines?

One of the many reasons why businesses had become a very popular trend in the Philippines is because of the many business opportunities introduced in the country, particularly in franchising. According to business experts, franchise businesses had become popular trend in the Philippines, particularly with the food cart franchise business.

According to the Philippine Franchise Association, or PFA, the number of franchises in the Philippines had grown from 50 in the 1990s, to over a thousand in today’s modern trends. Part of the reason why is because of the many business opportunities that franchise businesses had posed. One of them is because of the benefit of success.

The success of the franchisor is also the success of the franchisee. The benefit of franchise businesses is that it allowed people to start up quickly based on proven trademark as well as the tooling and infrastructure compared to starting a business from the ground-up. These are some of the reasons why franchise businesses had become a very popular trend in the Philippines.

However, there are those that had been unable to start a business of their own, or even franchise a business even though the availability of most food cart franchise businesses are aimed for the middle class of the Philippines. It was because of this that loaning firms and banks had started their own service which aims to assist Filipinos in their business endeavors, such as Bpi business loans.

BPI’s Business Loan Services

BPI’s Ka-Negosyo business loan service is one the latest addition to BPI’s financial assistance services which aims to provide Filipino entrepreneurs a chance to start their own business or to franchise a successful business for their own welfare.

Other than their Home-Loan and Auto-Loan services, Bpi business loans offers a chance for Filipinos to start their own business without having to worry about shortages in capital and in overhead costs. Their services can also cater to the needs of many entrepreneurs that plan to expand their business, but lack the necessary funds to start it. They can also offer fast cash loans for emergency purposes.

Because of the continuously increasing popularity of businesses in the Philippines, either from the ground-up or franchise businesses, as well as the continuous financial assistance that BPI had offered to the Filipino people, many of today’s Filipinos can now rest easy that their futures will be secure with their successful businesses. For more information visit to our site at http://www.kanegosyo.com.ph/

About Author
Anita Gomez is a certified Filipino entrepreneur that owns many small and medium businesses around the country. Most of her businesses involve franchise business in the Philippines such as food carts, computer shops, and even a convenience store. But other than her hobby of managing different businesses, she have also written a number of articles about her experiences in handling a business, from conceptualization to seeking financial support, such Fast cash loan Philippines, from loaning firms and banks such as BPI.
Enhanced by Zemanta
If you enjoyed this article, Get email updates
(It’s Free)

Share/Save/Bookmark

About KJ

Check Also

2681083646_467e833b70_b

How To Get Out Of Debt In 1 Year Or Less!

Don’t act so surprised, Your Highness. You weren’t on any mercy mission this time. Several ...

Leave a Reply

Your email address will not be published. Required fields are marked *


*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>