Wayback Burgers Strengthens Partnership with Stearns Bank to Help Franchisees Obtain Financing
Better Burger Brand Committed to Supporting its Current and Future Franchisees Nationwide
January 29, 2015 // Franchising.com // Cheshire, CT – Wayback Burgers, recognized as one of the most aggressive and ambitious "better burger" brands in the United States, has announced a strengthened partnership with Stearns Bank, a leading provider of small business loans, business banking and equipment leasing, to assist its franchisees in obtaining bank financing.
Since launching the partnership in 2014, Stearns Bank has provided financing for several Wayback Burgers franchisees across the country.
In an International Franchise Association (IFA) survey, nearly half identified "financing/access to credit" as the top issue of concern for franchise business leaders. Stearns Bank serves as a resource to overcome this obstacle and assist franchisees with getting the financing they need to pursue their dreams. Stearns Bank is a well-capitalized independent financial holding company with an established history of delivering quality financial products and services, outstanding customer service, and the ability to deliver fast local decisions with customized financial solutions.
"Wayback Burgers provides franchisees with ongoing training and support so they can grow a viable business while offering an unparalleled product to the communities they serve," said John Eucalitto, President of Wayback Burgers. "We are grateful to strengthen our partnership with Stearns Bank as we continue to offer programs for our new and existing franchisees in addition to SBA incentives and cost saving benefits to veterans."
As burger concepts continue to thrive, Wayback Burgers has carved out its own distinctive niche in the marketplace, playing homage to a high-quality variety of fresh burgers combined with a family-friendly atmosphere in which burgers are served up the way they used be. The atmosphere hearkens back to a simpler place and time – a time when "customer service" meant something and everyone felt the warmth of the community.
With a presence across 24 states and operations in over 100 locations, Wayback Burgers has plans to surpass 250 units sold in 2015.
For more information about franchising and Wayback Burgers visit http://waybackburgers.com/franchising or at www.facebook.com/waybackburgers
About Wayback Burgers
Wayback Burgers is a Connecticut-based fast-casual franchise with a reputation for serving fresh burgers and thick, hand-dipped milkshakes. Founded in 1991 in Newark, DE, Wayback Burgers currently operates in 24 states with over 100 locations nationally and plans to open in 32 countries throughout the Middle East and Northern Africa, in addition to expansion plans in Argentina, Canada, Mexico, and Pakistan.
About Stearns Bank N.A.
Stearns Bank N.A. is a $1.9 billion financial holding company based in Saint Cloud, Minnesota. Founded in 1912, CEO Norm Skalicky has led Stearns since 1964. Stearns Bank continues to extend the foundation of excellence with bank locations in Minnesota, Arizona, Florida, and Georgia. Our trademark motto is "We Get the Job Done!"
SOURCE Wayback Burgers
William Chemero CFE
Executive Vice President
O: 203-439-7991 ext. 223
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