Osgood Bank is a preferred lender of the Marco’s brand. We’ve attended your conventions and regularly meet with members of the corporate team to stay current on the topics that matter to you, as franchisees.
As of September 2023, Osgood Bank has booked over $30 million in loans to your fellow Marco's franchisees and we are the preferred financing source for your MOMS upgrade.
It is because of the above experiences, we are ready to invest significantly more dollars in you, Marco's franchisees.
Our goal is to finance between $30 million and $100 million with the Marco's brand in the next 3-5 years.
We hope you will give us the opportunity to work with you. To get things started, we want to offer you some financing specials that we've outlined below.
Osgood Bank is headquartered in Western Ohio. We are both a traditional community bank and a national franchise lender. On the franchise side of the house, we typically work with small groups of franchisors, such as Marcos, to establish niche financing programs for franchisees like yourself.
Each bank has their own lending approach. Large banks can be inflexible and their decision makers hard to access. Small banks provide better service, but focus on loans with real estate as collateral. Finally, there are hybrid banks that heavily promote SBA structures. While SBA structures can be attractive, they come with floating rates, typically have higher closing costs, and dealing with a government-sponsored program comes with its own set of headaches.
Osgood Bank is a niche bank that is very focused on franchise lending to only select brands. This allows us to spend more time with the brand as opposed to lending to many franchisors and never really getting to know any single franchise. By taking this targeted approach, we can offer more traditional loan structures rather than promote SBA products. Second, in the rare event that a franchisee struggles and needs to restructure a loan, we already understand their operation. This allows us to be more flexible and a better partner to you.
Our franchise team is comprised of roughly 15 people (lenders, credit, processing, and executive staff) who are dedicated to your success. Considering that the entire bank has 4 branches and 60 team members, our structure is flat enough that you will be talking with the decision makers. Our lending system leverages technology and an experienced staff currently serving customers in 31 states.
