CWB Franchise Finance partners with the Joseph Richard Group on development line facility
August 10, 2018 --
MISSISSAUGA, Aug. 10, 2018 (GLOBE NEWSWIRE) -- CWB Franchise Finance (CWB), 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,” says 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,” says 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.”
About CWB Franchise Finance CWB Franchise Finance, a division of CWB Financial Group, is a leading lender to the Canadian restaurant and hospitality industries, specializing in financing for regional and national franchise concepts. 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. Learn more at www.cwbfranchise.com.
About CWB Financial Group CWB is a diversified financial services organization serving businesses and individuals across Canada. Operating from its headquarters in Edmonton, Alberta, CWB’s key business lines include full-service business and personal banking offered through 42 branches of Canadian Western Bank and Internet banking services provided by Motive Financial. Highly responsive specialized financing is delivered under the banners of CWB Equipment Financing, CWB National Leasing, CWB Maxium Financial, CWB Franchise Finance and CWB Optimum Mortgage. Trust Services are offered through Canadian Western Trust. Comprehensive wealth management offerings are provided through CWB Wealth Management, which includes the businesses of McLean & Partners Wealth Management and Canadian Western Financial. As a public company on the Toronto Stock Exchange (TSX), CWB trades under the symbols “CWB” (common shares), “CWB.PR.B” (Series 5 Preferred Shares) and “CWB.PR.C” (Series 7 Preferred Shares). Learn more at www.cwb.com.
About Joseph Richard Group
Joseph Richard Group is a collection of 18 unique hospitality ventures located in the British Columbia lower mainland. Since 2002, the Joseph Richard Group team has constantly fine-tuned its concepts according to the needs of its growing clientele. The Joseph Richard Group sets itself apart through dedication to the guest experience; an unwavering commitment to exceptional service and top quality offerings; and a team of likeminded people-loving staff.
|For more information:|
|Ed KhediguianVice President, Franchise Finance|
Phone: (647) 465-0591
Email : [email protected]
|Ryan Moreno |
Co-founder and Partner
Joseph Richard Group
Phone: (604) 503 0055
Email: [email protected]