OakStar Bank Tabbed as Preferred Financier for Franchise Candidates
The franchising arm of Big Whiskey’s American Restaurant & Bar has selected OakStar Bank of Springfield, MO as its preferred lender to offer financing to franchise candidates in North America.
Austin Herschend, CEO of Big Whiskey’s Franchising LLC, made the announcement recently as the company begins its expansion in 2017 by opening its first franchised locations and additional company-owned units. “We’re honored to partner with OakStar Bank to offer qualified franchise candidates another source of funding. This will help expedite our expansion across the country,” Herschend explained.
Charles Hachtel, OakStar’s Senior Vice President, echoed his institution’s enthusiasm with the new arrangement. “We’re excited to be the preferred lender for the Big Whiskey’s franchisees. OakStar Bank is honored to have earned the trust and loyalty of the executives at Big Whiskey’s and we are ready to work hard for future franchisees in effort to expand this successful brand!”
Herschend added that with OakStar’s support, Big Whiskey’s franchising efforts could accelerate, especially for candidates that are inquiring about multi-unit markets. “We’ve had several good potential franchisees meet with us. Many are looking at long term, multiple location strategies and options on financing that growth—now we have the resource in place.”
Big Whiskey’s American Restaurant & Bar currently operates 3 locations in Springfield MO and one each in Ozark & Branson, MO. The first two franchise stores will open in Bentonville, AR and Kansas City, MO early this year. The company also plans to open at least 2 more corporate sites in 2017. More information can be found at www.bigwhiskeysfranchise.com
