Laying the Foundation to Build a Successful Franchise | ZOOM DRAIN and The Bancorp
Words: Paul Pollock, Director, Leasing Sales, The Bancorp Commercial Lending
Every business owner needs support. Whether it’s financial support or professional development guidance, having a solid foundation that an owner can rely on can make a significant difference in a company’s trajectory. When The Bancorp Commercial Lending team partnered with ZOOM DRAIN eight years ago, ZOOM DRAIN’s dedication to the success of its franchises was evident. It matched The Bancorp’s commitment to advocate for small business owners and help them get the funding necessary to help their businesses grow. At the time, ZOOM DRAIN was an emerging company in a niche market. Since then, ZOOM DRAIN has experienced substantial growth. The Bancorp has had the opportunity to support the scale of the company and its franchises by providing owners with customized trucks and financing options to meet customer demand.
What makes this partnership successful? First and foremost, the cultures of both companies closely align. ZOOM DRAIN sets its franchisees up for success by providing owners with a structured plan for operating and growing their franchises. And, from our perspective, it’s working. We have witnessed businesses grow at a greater pace than franchisees anticipate, and when that happens, The Bancorp is available to help obtain the vehicles to keep up. Like ZOOM DRAIN, The Bancorp wants franchisees to succeed and aims to make financing fleet vehicles as simple as possible. Working together with ZOOM DRAIN, The Bancorp can develop leasing agreements that roll all expenses into one payment for the business owner and can adjust the agreement as their business grows. By offering flexibility to business owners, new business opportunities are created.
Another successful facet of The Bancorp and ZOOM DRAIN partnership is our mutual understanding of the importance of finding the right financing partner to provide the end-to-end service to set franchisees up for success. With years of experience partnering with ZOOM DRAIN franchisees, The Bancorp Commercial Lending team can anticipate the future needs of new and growing franchises. Because of this, The Bancorp’s Commercial Fleet Leasing team always has multiple trucks outfitted and ready to go when a franchisee is prepared to expand their business. This process only works because ZOOM DRAIN exemplifies how franchising funding can run smoothly. This is a unique partnership in which both companies understand how they can benefit one another and work hard to support the franchisees’ success.
Now, with approximately 100 ZOOM DRAIN trucks leased from The Bancorp on the road, as partners, we remain focused on the growth and success of the franchisees. As our partnership continues to grow, ZOOM DRAIN and The Bancorp’s Commercial Lending team will seek new opportunities to support franchises and help set a strong foundation that franchise owners can use to build their business aspirations.