Adding to its expansive menu of financing options for new franchisees, Marcoâ€™s Pizza, the nationâ€™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 (â€œBancorpâ€), a wholly owned subsidiary of The Bancorp, Inc., and Franchise America Financeâ„¢.
The new lending program marks the fifth alternative financing option that Marcoâ€™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 Marcoâ€™s franchisees with up to $9 million to finance new franchise locations, to refinance current owners, and to finance the acquisition of existing stores. Marcoâ€™s Pizza is one of the initial franchisors approved by The Bancorp Bank for its new lending, following brands including BrightStar and FASTSIGNS.
â€œWith this additional funding as an option, Marcoâ€™s will continue our fast-track for growth,â€ said Ken Switzer, Chief Financial Officer for Marcoâ€™s Pizza.