Benetrends has partnered with Sport Clips Haircuts to provide funding through a new $100 million franchise financing program. As the nations largest franchise dedicated to mens and boys hair care, Sport Clips Haircuts will receive $10 million in funding to drive its expansion across the U.S.
Benetrends $100 million fund was created to help International Franchise Association franchisor members provide qualified candidates with direct access to capital for new store development. Sport Clips Haircuts is the second franchisor selected by Benetrends to participate in the new fund. In January, Hand & Stone, a rapidly growing spa franchise, received $10 million in initial capital to assist with its franchise growth.