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CWB Franchise Finance Provides Financing to the Joseph Richard Group

August 13, 2018, 07:00 AM
Filed Under: Franchise Finance

CWB Franchise Finance, a division of CWB Financial Group, has 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,” said Dimitri Mazur, senior manager at CWB Franchise Finance’s restaurant division. “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,” said Ryan Moreno. “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.”

Acquired by CWB Financial Group in 2016, CWB Franchise Finance has established a successful track record over 14 years, supporting more than 800 clients with upwards of 1,525 locations. To date, more than $3 billion has been invested in the Canadian hotel and restaurant space.

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