News

McAlister's selects lenders for expansion strategy

March 24, 2014

McAlister's Deli has partnered with several lenders for franchise expansion nationwide. According to a news release, First Franchise Capital, Balboa Capital and Franchise America Finance have committed to financing new construction and remodels, as well as POS upgrades and equipment.

"As we continue to drive aggressive franchise development across the U.S., we have established finance solutions that will assist new and existing franchisees with acquiring the necessary capital to grow," said Jeff Sturgis, McAlister's Deli chief development officer. "The development of this program is a testament to the strength of the brand and the confidence lenders have that McAlister's is a sound, long-term investment for business owners."

McAlister's plans to open 25 new restaurants this year in Ohio, Texas, Pennsylvania, Wyoming, Arizona, New Mexico, Virginia and Florida.