Nestlé Toll House Café by Chip has introduced two new franchisor funding programs as part of its expansion plan.
The Capital Improvement Program (CIP) and Café Conversion Initiative (CCI) totals up to $500,000 of available funds for new and existing franchisees.
Qualified and experienced food service operators looking to integrate the Nestlé Toll House Café by Chip brand into their existing quick-service location can participate in the CCI, which allows new self-operators to add a café to their currently operating business as a co-branded partnership.
The CIP is specifically dedicated for qualified existing Nestlé Toll House Café by Chip franchisees who are seeking funds to remodel their café.
"In today's economic environment, most small businesses rely on lenders to provide the capital needed to either open a business or to make capital improvements," said Shawnon Bellah, vice president of domestic and international operations. "Our new financing program addresses the issue of qualified entrepreneurs that are unable to grow their business or make these improvements because of the lack of funding."
The two new financing programs will provide short-term loans between $5,000 and $25,000 for a limited time and were created by utilizing a portion of the company's 2011 profits to be reinvested into approved cafés.
Nestle Toll House Café by Chip features cookies, macaroons, cupcakes and brownies, as well as frozen ice cream treats, premium coffee, frozen yogurt and smoothies.
The brand has more than 100 locations open worldwide, and has plans to continue expanding internationally and domestically.
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