Ellianos Coffee partners with First Federal Bank to secure $25 million in funding for franchisees
Ellianos Coffee, the drive-thru coffee franchise, has announced a new partnership with First Federal Bank, securing $25 million dollars in funding for franchisees. The new partnership will allow franchisees to streamline the lending process to confidently and quickly attain their business loans, allowing their stores to become operational as soon as possible.
Ellianos Coffee is experiencing accelerated growth throughout the southeast in the United States, with 22 stores currently open and over 60 stores in some stage of development. The new partnership with First Federal Bank comes at a pivotal moment in the franchise’s history and will mean even more expedient growth and franchisee satisfaction.
First Federal Bank is a community-based bank founded in 1962 in Lake City, Florida, the same hometown as the coffee franchise. First Federal Bank has grown from four employees in 1962 to over 800 employees in 2022 and offers a complete line of business financial solutions, services, and loans. With lending offices throughout Florida and in multiple states, First Federal Bank is optimally positioned to work with new and existing Ellianos franchisees.
In a recent interview, Rob Hughes, CGGL division president of First Federal Bank, commented on the partnership stating, “Being able to offer flexible programs ensures we can meet the needs of all Ellianos’ franchisees whether they are in startup mode or expanding their existing businesses.”
Ellianos Coffee president, Scott Stewart, spoke on the partnership, stating, “We couldn’t be more thrilled to be working with First Federal Bank. Every member of their team is truly committed to their core values and ready to help our franchisees accomplish their business goals. We’re looking forward to seeing our new and existing franchisees succeed as a result of this key relationship.”