Financing comparison
ApplePie Capital vs Oak Street Funding
How ApplePie Capital and Oak Street Funding compare for wellness franchise operators — side-by-side specs and our verdict on which fits which concept.
Short answer
Two direct lenders with different franchise appetites. ApplePie Capital lends specifically against franchise concepts — 200+ brand relationships and $3B+ funded — with conventional-style loans that close faster than SBA and underwriting that already understands unit economics for approved brands. Oak Street Funding (First Financial Bank) is a specialty lender rooted in cash-flow lending to professional and healthcare-adjacent businesses, relevant for acquisitions and expansion where the collateral is the business itself. A buyer opening units of an established brand on ApplePie's list should price it against SBA — speed and less paperwork cost some rate. A multi-unit operator or med-spa-adjacent acquisition with strong cash flow but thin hard collateral may fit Oak Street's model better. Neither replaces comparing against your local SBA lender's terms.
Side-by-side
| ApplePie Capital | Oak Street Funding | |
|---|---|---|
| Funding type | Conventional | Conventional |
| Direct lender | Partial | Yes |
| Typical terms | SBA, conventional and equipment; varies by brand | Custom — revenue-model-based underwriting |
| Best for | Franchisees of brands ApplePie already partners with, and multi-unit developers | Clinical-adjacent concepts (med-spa, IV therapy) needing specialty underwriting |
| Differentiator | Underwrites around franchise brand performance rather than generic small-business credit | Specialty lender underwriting around healthcare/licensed-provider revenue models |
Full profile
ApplePie Capital
Franchise-specific lender with over $3B in loans funded and partnerships with 200+ franchise brands.
Full profile
Oak Street Funding
Specialty lender for healthcare and franchise-adjacent business acquisitions.
See more options in our roundup of the best financing for wellness franchises.