ApplePie Capital announced on Monday it recently surpassed $300 million in loans originated to franchise entrepreneurs opening or expanding their businesses. Founded in 2014, ApplePie Capital described itself as an innovative financial solutions provider dedicated to the franchise industry. The company reported that it provides a wealth of financial choices for franchise entrepreneurs at every stage of their development, with a diverse and growing network of capital providers and financing solutions, including growth capital, SBA and conventional loans, and equipment financing.
“ApplePie’s franchise finance experts are focused on matching clients with the right option at the right time, maximizing their efficiency and reducing the headaches of working separately across individual lenders.”
ApplePie Capital also reported that it has partnerships with more than 40 high-quality and growing franchise brands, which includes Jimmy John’s, Scooter’s Coffee, Camp Bow Wow, and American Family Care. The company funds loans across the U.S. in sizes ranging from $10,000 equipment loans to $10 million multi-unit acquisitions and refinancings. Since it starting lending in 2015, ApplePie has reached multiple milestones, such as the following:
- More than $300 million in cumulative originations across ApplePie Core, SBA, conventional, and equipment loan products
- Integrated partnerships with over 40 leading growth brands, in many cases serving as the one and only financing partner
- Completed transactions in more than 80 brands overall
- Creation of over 10,000 jobs through new unit financing
- Repeat borrower rate of over 20%
Speaking about the latest milestone, Denise Thomas, CEO and Co-Founder of ApplePie Capital, stated:
“I am incredibly proud of the work and achievements by the ApplePie team to reach this exciting milestone. We founded ApplePie with the mission of helping hard-working, entrepreneurial franchisees achieve their growth objectives with more flexible and strategic financing.” Thomas continued, “Our success is a direct result of listening closely to franchisors and franchisees and innovating to specifically address their needs.”