Sterling National Bank’s franchise finance group provided senior secured credit facilities totaling $3.4 million to M.A.C. Pizza Company, a Domino’s Pizza franchise. The credit facilities will be used to support the company’s growth through acquisition and new store development.
The transaction was originated by Lindy Baldwin, a managing director for Sterling located in New York.
M.A.C. Pizza, which opened in 1994 and is headquartered in Anchorage, AK, now operates 17 stores in Canada and Alaska.
Sterling National Bank’s franchise finance division is a cash flow lender that offers up to 100% financing on solutions from $500K to $10 million.