News

Wingstop partnership secures franchisee lending program

December 1, 2011

Wingstop has announced the launch of a new program designed to provide financing for franchisees. The financing will be provided through Franchise America Finance (FAF) and The Bancorp Bank, a wholly owned subsidiary of The Bancorp Inc.

Under the terms of the partnership, Wingstop has $15 million available to assist with financing franchisees in the development of new restaurants.

“This collaboration allows us to provide national funding for our current brand partners and new franchise candidates,” said Dave Vernon, vice president of franchise sales for Wingstop. “Wingstop is adding new stores on a regular basis and will open our 500^th location this month. This funding will give us even more momentum as we grow the brand in new markets and expand within our core markets.”

Franchise America Finance (FAF) is a full service, small-to middle- market commercial franchise finance firm that was founded in 2010 with a focus on franchising and SBA lending.

The Bancorp Inc. is a bank holding company that operates The Bancorp Bank, an FDIC-insured commercial bank that delivers a full array of financial services and products both directly and through private-label affinity programs nationwide.