ApplePie Capital, the first online lender solely dedicated to the franchise industry, has appointed franchise industry veteran Ronald Feldman as chief development officer and acquired Funding Solutions, LLC, an established national franchise lending consultancy that specializes in SBA, conventional and equipment finance loans. Funding Solutions’ managing partner Randy Jones joins ApplePie’s leadership team as head of originations.
These additions position ApplePie’s financial platform to expand upon its speed, flexibility and efficiency with new product options, an expanded network of lending sources and a wealth of franchise finance expertise for its franchisor partners. Currently, ApplePie serves more than 40 franchisors including Orangetheory Fitness, Jimmy John’s and Jersey Mike’s.
“These developments are a game changer for ApplePie and the brands we serve,” said Denise Thomas, CEO and co-founder of ApplePie. “In addition to accelerating new product innovation, we can now provide comprehensive lending programs to franchisors, eliminating the need for their franchisees to engage with multiple lenders. By combining the $500 million in committed capital we’ve raised for our core growth product with a diverse lender network, we can ensure that our franchisee clients have access to the right financial solutions, wherever they are in their development cycle.“