ApplePie Capital, the first and only online lender dedicated to franchising, recently surpassed $300 million in loans originated to franchise entrepreneurs opening or expanding their businesses.
Driving ApplePie’s momentum are partnerships with more than 40 growing franchise brands, including well-known brands such as Jimmy John’s, Scooter’s Coffee, Camp Bow Wow and American Family Care.
Since it starting lending in 2015, ApplePie has reached multiple milestones, including:
- Over $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 over 80 brands overall
- Creation of over 10,000 jobs through new unit financing
- Repeat borrower rate of over 20%
- Diverse and growing network of capital providers
- Strong portfolio performance as a result of rigorous credit standards
“I am incredibly proud of the work and achievements by the ApplePie team to reach this exciting milestone,” said Denise Thomas, CEO and co-founder of ApplePie Capital. “We founded ApplePie with the mission of helping hard-working, entrepreneurial franchisees achieve their growth objectives with more flexible and strategic financing. Our success is a direct result of listening closely to franchisors and franchisees and innovating to specifically address their needs.”