Wingstop Lines Up $15 Million for Franchisee Lending Program
Wingstop, the rapidly expanding wing chain with almost 500 locations in the U.S. and Mexico, announced a new program designed to provide financing for franchisees. The financing will be provided through Franchise America Finance (FAF), and The Bancorp Bank, a wholly owned subsidiary of The Bancorp, Inc. (NASDAQ: TBBK).
Under the terms of the partnership Wingstop has $15 million available to assist with financing franchisees in the development of new restaurants.
“This collaboration allows us to provide national funding for our current brand partners and new franchise candidates,” said Dave Vernon, vice president of franchise sales for Wingstop. “Wingstop is adding new stores on a regular basis and will open our 500th location this month. This funding will give us even more momentum as we grow the brand in new markets and expand within our core markets.” To find out more click here.