CrowdOut Capital completed a term loan and a delayed draw growth facility to Wild Wing Cafe. Founded in Hilton Head, SC, Wild Wing Cafe owns and operates a successful restaurant franchise with 44 system-wide restaurants across nine states, predominately across the Southeast.
“CrowdOut was the flexible capital source we were looking for,” said Steve Weigel, CEO of Wild Wing Cafe. “We are excited to be partnering with them as we continue to grow our corporate owned and franchise base of restaurants. The CrowdOut partnership is exactly what we were looking for to position our company for the next phase of growth,” said Mr. Weigel. “As we endeavor to continue to build on our strong base business, develop new restaurants and onboard new franchisees, CrowdOut demonstrated a deep understanding of our business and worked with us to establish a transaction structure that aligns with our long-term objectives.”_x000D_
Founded in 1990, Wild Wing Cafe provides a family atmosphere and a wide-ranging contemporary menu well beyond its world-famous chicken wings and bold sauce flavors.
CrowdOut Capital’s tech-enabled marketplace provides a solution for companies seeking non-bank lending while offering family offices, institutional and accredited investors the opportunity to invest in private debt on a deal-by-deal basis.
