Adding to its expansive menu of financing options for new franchisees, Marco’s Pizza, the nation’s fastest-growing pizza company with more than 220 locations in 17 states, announced today that it has been approved for a new national franchisee lending program created by The Bancorp Bank (“Bancorp”), a wholly owned subsidiary of The Bancorp, Inc., and Franchise America Finance™.
The new lending program marks the fifth alternative financing option that Marco’s has announced during the past 18 months to continue bringing new franchise owners into its fast-growing system. In this latest financing program, Bancorp has agreed to provide Marco’s franchisees with up to $9 million to finance new franchise locations, to refinance current owners, and to finance the acquisition of existing stores. Marco’s Pizza is one of the initial franchisors approved by The Bancorp Bank for its new lending, following brands including BrightStar and FASTSIGNS.
“With this additional funding as an option, Marco’s will continue our fast-track for growth,” said Ken Switzer, Chief Financial Officer for Marco’s Pizza.