SAN FRANCISCO, July 10, 2015 /PRNewswire/ — ApplePie Capital, the first marketplace lender solely dedicated to the franchise industry, today announced new partnership agreements with 101 Mobility, Metal Supermarkets, Massage Green Spa, and The Brass Tap.
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 then offers individual and institutional investors seeking attractive fixed-income returns the ability to invest in those loans through their franchise loan marketplace.
“We’re thrilled to have the opportunity to work with these high-quality brands, representing such a diverse cross section of American small businesses,” said ApplePie Capital CEO Denise Thomas. “We look forward to helping these companies and their franchisees quickly and efficiently achieve their growth targets.”
101 Mobility helps people regain mobility and independence in their homes, cars, pools, and elsewhere through state-of-the-art accessibility equipment and highly-trained personnel. Metal Supermarkets is the world’s largest small quantity metal distributor with locations in the US, Canada, and the UK.
Massage Green Spa offers innovative and affordable health and wellness treatments in eco-friendly, luxury spas. The Brass Tap is an upscale craft beer bar that offers hundreds of varieties of beer along with music, entertainment, and the best in sports broadcasting.
“We’re excited to be working with ApplePie Capital,” said Joel Brenner, Manager of Strategic Initiatives at 101 Mobility. “This partnership reaffirms our commitment to ensuring that our franchisees have access to everything they need for independence and success – including fast and efficient financing.”
“ApplePie Capital will provide flexible financing options for our franchisees,” said Massage Green Spa founder, Allie Mallad. “We have aggressive growth plans, and ApplePie’s ability to offer upfront multi-unit commitments will give our franchisees the confidence they need to plan their multi-year rollouts.”
With the addition of these new brands, ApplePie Capital now has a total of 18 brands participating in its marketplace. Previously announced brands include 18|8 Fine Men’s Salon’s, AdvantaClean, Brain Balance Achievement Centers, Brightway Insurance, Capriotti’s Sandwich Shops, Fast-Fix Jewelry and Watch Repair, Marco’s Pizza, Nothing Bundt Cakes, Phenix Salon Suites, RNR Tire Express, Sola Salon Studios, Tropical Smoothie Cafe, and Wetzel’s Pretzels.
SOURCE ApplePie Capital