ApplePie Capital to Provide Franchise Financing to School of Rock
JUL 13, 2018 - 7:00 am
ApplePie Capital partnered with School of Rock to simplify the financing process for new and existing franchisees. This collaboration will provide a wide variety of financing solutions for new school development and acquisitions, as well as financing for remodels, equipment and refinancing. The new partnership is effective immediately. With School of Rock as a pre-approved franchisor, ApplePie will minimize approval times and accelerate the time to funding for franchisees.
“As the School of Rock business continues to grow, we want our franchisees to grow with us by making the new school development and acquisition process simpler,” said Rob Price, CEO of School of Rock. “By eliminating the worries many have over lending and financing, we hope this new partnership will extend the growth of new schools across the U.S.”
“ApplePie offers financing options that address the full spectrum of franchisee needs and our proprietary growth products are specifically designed for franchisees of stellar franchise brands such as School of Rock,” said Denise Thomas, CEO and co-founder of ApplePie. “We look forward to aiding in the rapid growth of such an important and educational franchise partner.
Founded as a single school in Philadelphia iin 1998, School of Rock is a music education provider which has become an international franchise operating more than 210 schools in 10 global markets.
Up until I spotted the iceberg looming ahead, it had been a perfectly nice voyage. The CEO and I were both excited to launch a new product in a growing field. However, after my repeated requests to find more beta... read more
What are the things you find most useful when working with funding sources? What do you find least useful? Paul Burnham: Funders, please let the TPO [third party originator] know how important they are to the organization. Answer the phone... read more