The UPS Store®, the world’s largest retail system of shipping, postal, print, document and business services, today announced a collaboration with a franchisee lending program created by Franchise America Finance™(FAF) and The Bancorp Bank, a wholly owned subsidiary of The Bancorp, Inc.
The first franchise network in its category to receive funding through FAF and The Bancorp Bank, The UPS Store network has $15 million available for franchisees through this program for the development of new locations as well as an additional $7.5 million for the transfer of current centers to new owners.
“This collaboration creates a national funding source for franchisees and candidates,†said Stuart Mathis, president of Mail Boxes Etc., Inc. (MBE), franchisor of The UPS Store. “By providing prospective small-business owners access to start-up capital, we are able to expand our network while creating jobs in communities across the country.â€