OMAHA, Neb., Jan. 17, 2020 /PRNewswire/ -- Scooter's Coffee, the Midwest-based coffee franchise experiencing enormous nationwide growth during the past year, has worked with KeyBank, one of the nation's largest SBA lenders, to further streamline the lending and approval process for franchise partners.
Scooter's Coffee finds itself in a strategic growth phase as it expands throughout the Midwest and the United States. The U.S. coffee market is a recession-resistant industry estimated at $48 billion a year. Scooter's Coffee aims to be the nation's #1 drive-thru coffee franchise. The company is targeting to have more than 1,000 profitable stores across the country in the next five to seven years.
"We're in a period of phenomenal growth and our relationship with KeyBank will be a big part of our continued success," says Scooter's Coffee Chief Executive Officer Todd Graeve. "KeyBank aligns perfectly with the core values of our business and their SBA products are ideal for helping our franchising partners secure the financing they need."
"KeyBank is dedicated to meeting the financial needs of small business owners to help them thrive and this relationship is another example of that commitment," says SVP, National SBA & Franchise Manager James Fliss. "We are delighted to work with Scooter's Coffee and be part of their growth initiatives by offering their franchisees tailored financial solutions."
KeyBank's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $146.7 billion at September 30, 2019. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of over 1,100 branches and more than 1,400 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC. Equal Housing Lender.
About Scooter's Coffee
Founded in 1998 by Don and Linda Eckles in Bellevue, Nebraska, Scooter's Coffee roasts only the finest coffee beans in the world at its headquarters in Omaha, Nebraska. In more than two decades of business, Scooter's Coffee's success is simple: stay committed to the original business principles and company core values. The Scooter's Coffee Brand Promise, often recited to franchisees, customers and employees is: "Amazing People, Amazing Drinks… Amazingly Fast!®" It represents the company's business origins from 1998 and reflects a steady commitment to providing an unforgettable experience to loyal and new customers.
Scooter's Coffee is at the dawn of a strategic growth phase in the Midwest and nationwide. The U.S. coffee market is an estimated $48 billion a year recession-resistant industry, and Scooter's Coffee is striving to become the #1 drive-thru coffee franchise in the nation. Visit ownascooters.com to learn more about the benefits of owning a franchise of a well-established company.
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SOURCE Scooter's Coffee