CWB Franchise Finance (CWB), a division of CWB Financial Group, has provided a development line facility and revolver loan to Canadian restaurant franchise system Shoeless Joe’s Ltd.
Funds will be used towards construction, acquisition, expansion, franchisee, and renovation projects.
“The financing for Shoeless Joe’s provides them with immediate access to funds for projects over a three-year period,” said CWB’s senior manager Dimitri Mazur. “With approval and documentation completed upfront, the chain can pursue their next stage of growth.”
Governed by president Frank Lopreiato, the restaurant currently has 29 locations in Ontario, Saskatchewan, and Alberta.
“CWB was able to tailor financing for our unique operational and growth plans. They took the time to understand our needs; and their expertise and knowledge made for a rewarding experience,” said Lopreiato.