Oct 20, 2015

ApplePie Capital Partners With Six More Franchises

24 Brands Now Participating At Leading Marketplace For Franchise Loans 

San Francisco, October 20, 2015ApplePie Capital, the first marketplace lender solely dedicated to the franchise industry, today announced new partnership agreements with East Coast Wings & Grill, Forever Yogurt, Jersey Mike’s, Pinot’s Palette, Salons by JC, and Uncle Maddio’s Pizza Joint. Each franchise brand has been pre-qualified by ApplePie Capital in order to provide an efficient financing alternative for their franchisees.

The partnerships streamline the financing process for franchisees, enabling them to access loans of $100,000 to $1,000,0000 in 30 days or less to start, expand, remodel, refinance, or recapitalize their businesses. ApplePie Capital offers individual and institutional investors seeking attractive fixed-income returns the ability to invest in those loans through their online franchise loan marketplace.

“These new partners include some of the fastest-growing brands in the franchise industry,” said ApplePie Capital CEO, Denise Thomas. “We’re excited to help these well-established companies achieve their ambitious growth goals through flexible capital and multi-unit financing.”

East Coast Wings & Grill is a fast-growing, casual, family dining franchise that puts the spotlight on buffalo wings. Forever Yogurt is a leading brand in the frozen yogurt industry, bringing healthy, self-serve premium frozen yogurt to the Midwest. Jersey Mike’s is a fast-casual sub sandwich franchise with more than 1,300 locations open and under development nationwide.

Pinot's Palette is a pioneer of the "paint and sip" experience—a revolutionary way to enjoy art and wine, meet new people, and bond with friends. Salons by JC is a unique concept that offers beauty and wellness professionals autonomy to provide services such as hair and nail care within a complex of beautiful salon studio suites. Uncle Maddio's Pizza Joint is a category leader of the create-your-own, fast casual pizza restaurant segment, making more than 2 million gourmet pizzas a year.

“We are always looking for financial solutions that enable our franchisees to open more units faster,” said Charles Willis, President of Pinot’s Palette. “ApplePie provides a new alternative that we think will be attractive, particularly for franchisees with multi-unit development plans who need predictable access to capital.”

With the addition of these new brands, ApplePie Capital now has a total of 24 brands participating in its marketplace. Previously announced brands include 101 Mobility, 18|8 Fine Men’s Salon’s, AdvantaClean, Brain Balance Achievement Centers, The Brass Tap, Brightway Insurance, Capriotti’s Sandwich Shops, Fast-Fix Jewelry and Watch Repair, Marco's Pizza, Massage Green Spa, Metal Supermarkets, Nothing Bundt Cakes, Phenix Salon Suites, Sola Salon Studios, Tropical Smoothie Cafe, and Wetzel’s Pretzels.