UPS Store lines up $22.5M for franchisee lending program

user-gravatar

The UPS Store announced a collaboration with a franchisee lending program created by Franchise America Finance and The Bancorp Bank, a wholly owned subsidiary of The Bancorp Inc. 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,” says Stuart Mathis, president of Mail Boxes Etc. Inc., 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.”