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CWB Franchise Finance partners with Shoeless Joes Ltd on Development Line and Revolver Facility

MISSISSAUGA, April 16, 2019 – CWB Franchise Finance (CWB), a division of CWB Financial Group, has provided a development line facility and a revolver loan to Shoeless Joe’s Ltd. (Shoeless Joe’s Sports Grill). 

Shoeless Joe’s is based out of Woodbridge, Ontario and is led by President Frank Lopreiato. They currently have 27 locations in Ontario, one in Saskatchewan, and one in Alberta. The funds will be used to assist with future new construction, acquisition, expansion, and renovation projects, as well as to support franchisee renovation and construction projects.
“We continually strive to meet our clients’ short and long-term goals,” said Dimitri Mazur, senior manager at CWB Franchise Finance’s restaurant division. “The financing for Shoeless Joe’s provides them with immediate access to funds for future projects over a three-year period, with approval and documentation completed upfront, so that they can pursue their next stage of growth. We have enjoyed working with Shoeless Joe’s since 2014 and look forward to assisting them with their upcoming projects.”

“We are thrilled with the opportunity we have to expand and refresh our locations,” said Frank Lopreiato, President of Shoeless Joe’s Ltd. “CWB was able to tailor financing not only specific to the restaurant industry, but specific to our operational and growth plans. They took the time to understand our needs, and their expertise and knowledge made for a rewarding experience.” 

About Shoeless Joe’s Sports Grill
The very first Shoeless Joe’s opened in Toronto in 1985. Since then, they have grown across Canada, with a total of 29 locations. Shoeless Joe’s Sports Grill is all about celebrating sports and catering to family and friends, whether customers are celebrating their team’s victory, or a child’s big win. They are committed to delivering an outstanding guest experience through personalized service and a variety of signature items. Visit them online at www.shoelessjoes.ca