CWB Franchise Finance (CWB), a division of CWB Financial Group, has provided a development line facility to Flock Rotisserie + Greens.
CWB provided a full refinance of Flock’s existing bank debt, leases, shareholder loans, as well as a financial assistance program for future growth.
Flock is a growing Toronto-based Fast Casual brand with a focus on salads and rotisserie chicken.
“At CWB we love to see regional brands grow and succeed,” says Jacob Mancini, assistant vice-president (AVP), restaurants and breweries at CWB. “We’re proud of our ability to identify these brands in the early stages of their lifecycle, and provide financial products to help them recapitalize and take the next step in their growth.”
Mustafa Yusuf, president and co-founder of Flock adds: “Flock is a company that values trying new things and incorporating a passion for healthy, fresh food. As our brand expands, we needed a bank that understands who we are and what we want to accomplish. CWB took the time to do just that. They helped merge our vision for the future into reality.”