Twin Peaks Restaurants announced Monday that it is teaming up with ApplePie Capital—an innovative capital markets partner exclusively focused on franchising—to allocate up to $30 million in debt capital to its franchisees and propel its franchise expansion to new and existing groups.
“It is of the utmost importance for us to ensure our franchisees can continue to develop,” says Twin Peaks CEO Joe Hummel. “This partnership with ApplePie will allow us to help our franchisees grow through a lending program that aids their financial needs. This gives them more opportunity to consider new steps such as remodels or opening new locations. It can also be an option for refinancing when needed. This assistance will be key in driving expansion as we continue to capitalize on aggressive franchising opportunities while we move into new markets nationwide.”
“We are excited to team up with Twin Peaks and their franchisees to make accessing capital easy,” says Denise Thomas, CEO and Co-Founder of ApplePie. “We look forward to helping accelerate the brand’s growth through our competitive financing program.”
Twin Peaks currently has 83 locations in 26 states.
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