The Bancorp Bank (“Bancorpâ€), a wholly owned subsidiary of The Bancorp, Inc., today announced that BrightStar®, the first franchising company in the United States to specialize in both medical and non-medical care and healthcare staffing, has become the first franchisor approved for a new franchisee lending program created by Bancorp and Franchise America Financeâ„¢.
Bancorp has agreed to provide up to $6 million to start-up franchisees entering the BrightStar system, as well as expansion funding for existing franchisees that are ready to expand their businesses. An acquisition funding program has also been defined for existing franchisees. This capital allows BrightStar franchisees to help stimulate the economy by creating new permanent and sustainable jobs.
“The Bancorp Bank is pleased to offer a streamlined approach to franchise lending. We see the franchise program as a strong source of new job creation to further stimulate the US economy,†said Diane Gallion, SVP of Government Guaranteed Lending for Bancorp.
