News

Shane's Rib Shack launches lending program

August 17, 2011

Shane’s Rib Shack, a Petrus Brands concept, has brought in former Church’s CFO Carl Jakatis to architect a new financing program to fund franchisees in their pursuit of business ownership.

To build its lending program, the company has established a comprehensive financing program with The Brand Banking Company as its preferred lender. The Brand Banking Company is a fullservice community bank headquartered in Georgia with a dedicated franchise practice.

“The benefit of working with The Brand Banking Company is its expertise with SBA lending and their commitment to serving Shane’s Rib Shack franchisees who qualify for a loan,” Jakatis said. “Typically it can take months for a franchisee to go through the process of getting an SBA loan themselves. Since The Brand Banking Company understands Shane’s Rib Shack’s business model and concept, their knowledgeable experts are able to guide our franchisee through the process typically within 30-45 days.”

Read more about restaurant operations management.