CWB Franchise Finance (CWB), a division of CWB Financial Group, provided financing to the Joseph Richard Group to assist with new premises construction, expansion and renovations of existing premises and other general corporate purposes.

Established in 2002 by founding partners Andre Joseph Bourque and Ryan Richard Moreno, the Joseph Richard Group owns and operates 18 restaurants in the British Columbia lower mainland, including Oak & Thorne Public House, S&L Kitchen and Bar, Townhall Public House and the Oceanside Yacht Club.

“The ability to provide a comprehensive financing package specifically tailored for the Joseph Richard Group’s operations and growth plans is a specialty we’re proud of,” Dimitri Mazur, senior manager at CWB Franchise Finance’s restaurant division, said. “Our approach to financing gives Andre and Ryan access to pre-approved funds from trusted partners, who understand their business and ensures they can work with one trusted lender.”

“CWB’s knowledge of the restaurant business was evident from the start. We saw an opportunity to work with a partner that could develop unique financing for the Joseph Richard Group, and we pursued this partnership,” Moreno said. “We’re now poised to deliver on our vision for growth and expansion, and look forward to a continued, close relationship with CWB Franchise Finance.”

CWB Franchise Finance, a division of CWB Financial Group, is a lender to the Canadian restaurant and hospitality industries, specializing in financing for regional and national franchise concepts.