ApplePie Capital Partners With Three More Franchise Brands
Eleven Franchisors Now Participating At Leading Marketplace For Franchise Loans
San Francisco, March 31, 2015 – ApplePie Capital, the first marketplace lender solely dedicated to the franchise industry, today announced partnership agreements with Brain Balance Achievement Centers, Brightway Insurance and Capriotti’s Sandwich Shop.
Each franchise brand has been pre-qualified by ApplePie Capital in order to provide a fast and efficient financing alternative for their franchisees. ApplePie Capital provides qualified franchisee borrowers with loans of $100,000 to $1,000,000 to start, expand, remodel, refinance, or recapitalize their business. ApplePie Capital then enables individual and institutional investors seeking attractive fixed-income returns to invest in these opportunities on their franchise loan marketplace.
“Our new franchisor partners are all leaders in their respective industries, and have proven, well-established business models and support systems that help franchise entrepreneurs create successful small businesses,” said ApplePie Capital CEO Denise Thomas. “Partnering with ApplePie Capital will help their franchisees quickly and efficiently access capital to finance their new or existing businesses and for the brands to achieve their growth objectives.”
Brain Balance Achievement Centers help children overcome the symptoms of childhood learning and developmental issues at over 70 locations nationwide. Brightway Insurance offers a full range of personal insurance products through more than 100 franchise locations. Capriotti’s Sandwich Shop provides specialty sandwiches, with more than 100 restaurants across the country.
“ApplePie Capital will deliver a new capital source to our franchisees that can simplify and accelerate their funding process,” said Bruce Evans, VP of Franchise Sales at Capriotti's. “Our partnership with ApplePie furthers our commitment to provide our franchisees the tools they need to succeed.”
"Many of our franchisees are seeking a financing solution not only for their next location, but for their next several locations," said Debra Jonsson, VP of Business Development at Brain Balance. "ApplePie Capital's strategic approach provides a clear path for owners to finance multiple units."
With the addition of these new brands, ApplePie Capital now has a total of 11 brands participating in its marketplace. Previously announced brands include AdvantaClean, Einstein Bros Bagels, Fast-Fix Jewelry and Watch Repair, Marco’s Pizza, Nothing Bundt Cakes, Phenix Salon Suites, RNR Tire Express, and Sola Salon Studios.