News — Franchise
Direct Capital Offers Tech Solution to Hotel Franchisees
Direct Capital said it is introducing a new online platform for Choice Hotels franchisees that makes it easy and quick to obtain financing.
Read more...Date Posted May 15, 2013
GE Capital Franchise Finance Closes Revolver With Lightstone
Lightstone Value Plus said they have entered into a $45 million revolving credit facility with GE Capital, Franchise Finance.
Read more...Date Posted April 30, 2013
Madison Capital Finances Puerto Rico SUBWAY Franchisees
Madison Capital said it completed financing for $600,000 of new ovens for 25 restaurant chain franchisees throughout Puerto Rico.
Read more...Date Posted April 25, 2013
GE Capital: Top 100 Restaurant Chain Sales Reach $210B
In a review of the chain restaurant industry, GE Capital, Franchise Finance said the Top 100 restaurant chains’ system-wide sales were nearly $210 billion, representing more than half of all restaurant sales last year.
Read more...Date Posted April 24, 2013
Balboa Named Preferred Lender For Papa John’s Franchisees
Balboa Capital said it has become a preferred lender for Papa John’s current and prospective franchisees nationwide.
Read more...Date Posted April 18, 2013
Citi Wide Launches Franchise Financing Program
Citi Wide Merchant Funding announced a new small business financing program for franchise owners that offers working capital up to $1 million dollars.
Read more...Date Posted April 16, 2013
GE Capital Provides Facility to Expand P.F. Chang’s in Canada
GE Capital’s Canadian Franchise Finance business said it has established a development credit facility for Interaction Asian Restaurants to expand the P.F. Chang’s China Bistro concept in Canada.
Read more...Date Posted April 9, 2013
GE Capital Leads Del Taco $215MM Debt Refinance
Del Taco Holdings said it has completed a $215 million debt refinance transaction led by GE Capital, Franchise Finance.
Read more...Date Posted April 3, 2013
Direct Capital to Commit $300MM to Franchise Industry
Direct Capital said it will commit $300 million in 2013 to help fuel the growth of the franchise sector and will continue to build new programs that alleviate the challenges faced by franchisees.
Read more...Date Posted March 28, 2013
GE Capital Provides Facility to Burger King Franchisee
GE Capital, Franchise Finance provided $11.3 million to Ghai Management Services, a Burger King franchisee. The funding was used for the acquisition of six Taco Bell locations in northern California.
Read more...Date Posted March 28, 2013
Infinity Franchise, Rabobank to Provide Franchise Lending
Infinity Franchise Capital and Rabobank said they have formed a strategic relationship to provide franchise lending to experienced restaurant franchise operators.
Read more...Date Posted February 20, 2013
GE Capital Provides Facility to Original Joe’s
GE Capital’s Canadian Franchise Finance business said it has provided Original Joe’s Franchise Group with a C$15.3 million senior secured credit facility.
Read more...Date Posted February 7, 2013
GE Capital Provides $4.4MM Facility to IHOP Franchisee
GE Capital, Franchise Finance said it recently provided $4.4 million to Romulus Restaurant Group, an IHOP franchisee, for the acquisition of six stores in Oklahoma.
Read more...Date Posted January 25, 2013
GE Capital Provides $7.17MM to Panera Bread Franchisee
GE Capital, Franchise Finance said it recently provided a $7.17 million loan to The Cain Holding Group, a Panera Bread franchisee.
Read more...Date Posted December 12, 2012
GE Capital, Franchise Finance to Host Healthcare Law Symposium
GE Capital, Franchise Finance and Lockton Companies are hosting a symposium to educate customers on how the Patient Protection and Affordable Care Act might affect their businesses.
Read more...Date Posted December 5, 2012
GE Capital Introduces GE SmartChart at Restaurant Conference
GE Capital, Franchise Finance said it is launching a new web tool, GE SmartChart, to help restaurant owners build their businesses by comparing their performance within a location or segment.
Read more...Date Posted November 13, 2012
GE Capital Provides $74MM to Applebee’s Franchisee
GE Capital, Franchise Finance said it provided a $74 million loan to Team Schostak Family Restaurants, an Applebee’s and Burger King franchisee. The financing will be used to fund the acquisition of 65 new Applebee’s units.
Read more...Date Posted November 6, 2012
GE Capital Provides $49.75MM to Wheelock Street Capital
GE Capital, Franchise Finance provided a $49.75 million loan to affiliates of Wheelock Street Capital for the acquisition of six hotel properties in North Carolina, Texas and Illinois.
Read more...Date Posted October 24, 2012
Franchise Business Index Reaches Highest Post-Recession Gain
Franchise.org reported that the franchise industry posted its highest year-over-year gain since the beginning of the recession in September, up 2.2% since September 2011.
Read more...Date Posted October 19, 2012
Direct Capital Partners With Grease Monkey International
Grease Monkey International said it has selected Direct Capital as its finance partner for a nationwide initiative to re-image its franchise locations.
Read more...Date Posted October 12, 2012
GE Capital Provides $16.1MM to Wendy’s Franchisee
GE Capital, Franchise Finance said it recently provided $16.1 million to WendPartners, a Wendy’s franchisee. The facility is being used for the sale-leaseback of nine locations in Texas, New Mexico, Ohio, Georgia and Alabama.
Read more...Date Posted October 9, 2012
GE Franchise Finance Provides $45MM Facility to Raising Cane
GE Capital, Franchise Finance said it recently provided a $45 million senior secured credit facility to Raising Cane’s Chicken Fingers, a Baton Rouge, LA-based restaurant chain.
Read more...Date Posted August 22, 2012
United Capital Finances Acquisition of 12 Papa John’s Eateries
United Capital said it provided $2.2 million in financing to PJ’s East to acquire 12 Papa John’s Pizza locations in the Los Angeles area.
Read more...Date Posted August 3, 2012
United Capital Refinances Debt for Applebee’s Operator
United Capital Business Lending said that it provided $6.33 million in financing to multi-unit Applebee’s owner, Apple Two Associates.
Read more...Date Posted July 13, 2012
GE Capital Provides $6.7 MM to Papa John’s Franchisee
GE Capital, Franchise Finance said it provided a $6.7 million credit facility to Pizzerias, a Papa John’s franchisee. The funding is being used to refinance existing debt.
Read more...Date Posted June 28, 2012
Franchise Business Index ‘Moving in Right Direction’
The International Franchise Association said trends in its franchise business index over the last several months show that the industry is slowly, but steadily, moving in the right direction.
Read more...Date Posted June 21, 2012
GE Capital Provides $7.1MM to Domino’s Franchisee
GE Capital, Franchise Finance said it provided a $7.1 million credit facility to Hishmeh Enterprises, a Domino’s Pizza franchisee. The funding includes a $5.6 million term loan to refinance existing debt and a $1.5 million development line of credit for growth capital.
Read more...Date Posted June 12, 2012
United Capital Finances Multi-Unit Dunkin’ Operator
United Capital Business Lending said that it provided $3.7 million to Dunkin’ Donuts owner, Velocity Brands Holdings. United Capital also said it has committed $100 million to multi-unit Dunkin’ Donuts franchisees over the next 12 months.
Read more...Date Posted June 7, 2012
United Capital Refinances Debt for 33-Store Denny’s Operator
United Capital Business Lending said it provided $7.7 million in financing to Denny’s owner, MDC Restaurants, refinancing 33 existing locations in three states for this CA-based franchisee.
Read more...Date Posted June 1, 2012
GE Capital Provides $80MM to Fox and Hound Restaurant Group
GE Capital, Franchise Finance said it provided an $80 million senior credit facility to F&H Acquisition, a restaurant company majority-owned by affiliates of Newcastle Capital Management and Steel Partners Holdings.
Read more...Date Posted May 11, 2012
United Capital Provides Financing for Southseas Wings
United Capital Business Lending said it provided $2.6 million in financing to Buffalo Wild Wings owner Southseas Wings.
Read more...Date Posted May 4, 2012
United Capital Refinances Debt for Popeyes Operators
United Capital Business Lending announced that it provided $700,000 in financing to Popeyes owner, Jivan Foods. United Capital also provided a California-based 17-unit Popeyes owner $2.4 million to refinance debt and re-image several locations.
Read more...Date Posted April 27, 2012
United Capital Provides $1.9MM to Jimmy John’s Operator
United Capital Business Lending said it provided $1.9 million in financing to Jimmy John’s Gourmet Sandwiches owner, J.T. & Company Investments.
Read more...Date Posted April 19, 2012
GE Capital: American Restaurant Industry Traffic Improving
The American restaurant industry is starting to improve, as consumers are spending more on meals and foot traffic at establishments is increasing, albeit from a diminished base, according to the 22nd edition of the Chain Restaurant Industry Review, by GE Capital, Franchise Finance.
Read more...Date Posted March 28, 2012
GE Capital Provides $30MM to Popeyes Franchisee
GE Capital, Franchise Finance provided a $30 million credit facility to Shelton Restaurant Group, a Popeyes Louisiana Kitchen franchisee, to acquire 29 Popeyes units in the Lafayette, LA area.
Read more...Date Posted March 23, 2012
GE Capital Provides $4.5MM to SUBWAY Franchisee
GE Capital, Franchise Finance said it provided $4.5 million to KK Group of Companies, a SUBWAY franchisee.
Read more...Date Posted March 21, 2012
GE Capital Provides $91MM to Restaurant Franchisee JIB
GE Capital, Franchise Finance provided a $91 million senior agented credit facility to JIB Management, a Jack in the Box and Denny’s franchise company.
Read more...Date Posted March 6, 2012
PacLease Opens Seven New Franchises
PACCAR Leasing Company (PacLease) announced the opening of seven new locations in the Midwest and Pacific Northwest as it continues to expand its franchise network in the United States.
Read more...Date Posted February 29, 2012
GE Capital Provides $19MM for Elephant & Castle Acquisition
GE Capital, Franchise Finance said it has provided a $19 million senior term loan facility to Original Joe’s Franchise Group to support the acquisition of all of the assets of Elephant & Castle Group out of bankruptcy.
Read more...Date Posted February 24, 2012
GE Capital Provides $2.7MM to Wendy’s Franchisee
GE Capital, Franchise Finance provided a $2.675 million term loan to QSC Restaurants, a Wendy’s franchisee, for a partner buyout. The funding was provided through GE Capital’s bank affiliate, GE Capital Financial.
Read more...Date Posted February 24, 2012
GE Capital Provides $25MM to Support Pizza Franchise Investment
GE Capital, Franchise Finance said it provided a $25 million credit facility to support an investment in Anthony’s Coal Fired Pizza by an affiliate of The Quilvest Group.
Read more...Date Posted February 22, 2012
CIT Outlook: 2012 Funding Available for Restaurant Industry
The outlook for 2012 is that funding will be readily available for restaurant companies and franchisees, according to CIT’s “2012 U.S. Restaurant Industry Outlook,” featuring Bob Bielinski, managing director and head of the Restaurant Industry.
Read more...Date Posted February 13, 2012
United Capital to Lend $42MM to Popeyes Franchisees in 2012
United Capital Business Lending said it will allocate $42 million to qualified, multi-unit Popeyes franchisees in 2012 and that the Popeyes Louisiana Kitchen chain designated United as one of its lending partners for the franchisor’s 2012 reimaging initiative.
Read more...Date Posted January 27, 2012
GE Capital, Franchise Finance Provides $18MM to Feast Foods
GE Capital, Franchise Finance provided $18 million to Feast Foods, a Jack in the Box franchisee. The financing includes a $16.3 million term loan for the acquisition of 51 Jack in the Box units and a $1.7 million development line of credit.
Read more...Date Posted January 17, 2012
GE Capital Provides $11.9MM to Wendy’s Franchisee
GE Capital, Franchise Finance said it provided $11.9 million to BalRod Enterprises, a Wendy’s franchisee. The facility is being used to refinance existing debt and to purchase real estate.
Read more...Date Posted January 10, 2012
Olympus Partners Acquires Pizza Hut Franchisee NPC
Olympus Partners said it has acquired NPC International, the largest Pizza Hut franchisee and the largest franchisee of any restaurant concept in the U.S.
Read more...Date Posted January 3, 2012
Quiznos in Restructuring Deal, Seeks to Avoid Bankruptcy
Closely held sandwich chain operator Quiznos said it reached agreement with a significant majority of its lenders on a financial restructuring plan as it seeks to avoid filing for bankruptcy protection.
Read more...Date Posted December 28, 2011
United Capital Commits $40MM to Denny’s Franchisees in 2012
United Capital Business Lending said it will allocate $40 million to qualified multi-unit Denny’s franchisees in 2012.
Read more...Date Posted December 16, 2011
GE Capital Provides Financing to Buffalo Wild Wings Franchisee
GE Capital, Franchise Finance provided $2.8 million in financing to Four M Capital, a Buffalo Wild Wings Bar and Grill franchisee, for two new store openings and to supplement an $8.7 million financing extended in 2010.
Read more...Date Posted December 8, 2011
GE Capital Provides $21.5MM to Dunkin’ Donuts Franchisee
GE Capital, Franchise Finance said it provided a $21.5 million credit facility to The Beekman Group’s portfolio company, TBG Food Acquisition, a Dunkin’ Donuts franchisee operating company.
Read more...Date Posted December 6, 2011
Franchise America Provides Financing for Wingstop Franchisees
Franchisor Wingstop announced a new program designed to provide financing for its franchisees. The financing will be provided through Franchise America Finance and The Bancorp Bank.
Read more...Date Posted December 2, 2011
United Capital Refinances Debt for Five Guys Operator
United Capital Business Lending said it is providing $2 million in financing to Five Guys Burger and Fries owner, Wholesome Enterprises. United Capital refinanced ten existing stores for the Ohio- and Pennsylvania-based franchisee.
Read more...Date Posted November 17, 2011
GE Capital Provides $20MM to Zoe’s Kitchen
GE Capital, Franchise Finance said it provided a $20 million credit facility to Brentwood Associates’ portfolio company Zoe’s Kitchen to fund additional growth.
Read more...Date Posted November 10, 2011
United Capital Refinances Debt for Multi-Unit SUBWAY Operator
United Capital said it is providing $1.35 million in financing to SUBWAY owner Ccreations, refinancing eight existing stores and providing funding to relocate and remodel newly acquired locations.
Read more...Date Posted November 10, 2011
United Capital Provides Financing to Dunkin’ Donuts Operator
United Capital Business Lending said it is providing $2MM in financing to Dunkin’ Donuts owner, Raguveer.
Read more...Date Posted November 2, 2011
United Capital Provides Financing to Firehouse Subs Operator
United Capital Business Lending said it is providing $405,000 in financing to Firehouse Subs owner, Harris Restaurant Group. United Capital refinanced one existing store for the Alabama-based franchisee and will also provide funding to open additional Firehouse Subs locations.
Read more...Date Posted October 26, 2011
United Capital Provides $3MM Financing to Wingstop Franchisee
United Capital Business Lending said it is providing $3 million in financing to Wingstop owner, CNL Wings. United Capital refinanced 17 existing stores for the franchisee and will provide funding to open additional Wingstop locations in Texas and Arizona.
Read more...Date Posted October 20, 2011
GE Capital Provides $18.5MM to Golden Corral Franchisee
GE Capital, Franchise Finance said it provided GC Partners, a Golden Corral franchisee, with an $18.5 million credit facility for store remodeling, new unit development and debt refinancing.
Read more...Date Posted October 18, 2011
GE Capital Provides $9MM to Famous Dave’s Franchisee
GE Capital, Franchise Finance said it provided Blue Ribbon BBQ, a Famous Dave’s of America franchisee, $9 million for refinancing of existing debt and a partner buyout. Funding was provided through GE Capital’s bank affiliate, GE Capital Financial.
Read more...Date Posted September 29, 2011
Caterpillar Global Sales Up 34%, But Pace of Growth Slows
Caterpillar released its latest dealer reported global machinery sales for the three-month rolling period ended August 2011 that showed worldwide retail dealer sales were up 34% year/year. The trend, however, was down from 35% in July, 45% in June and 52% in May.
Read more...Date Posted September 21, 2011
GE Capital Provides $13.2MM to Jack in the Box Franchisee
GE Capital, Franchise Finance said it provided $13.2 million to J&D Restaurant Group for the purchase of 37 Jack in the Box units throughout Central and East Texas. Funding was provided through GE Capital’s bank affiliate, GE Capital Financial.
Read more...Date Posted September 20, 2011
Hilco to Advise on Sale of Giordano Restaurant Properties
Hilco Real Estate, along with William Blair, said it has been retained to advise the debtors on the sale of 14 company-owned properties of bankrupt pizza restaurant chain Giordano’s.
Read more...Date Posted August 29, 2011
GE Capital Provides $2.15MM to Domino’s Pizza Franchisee
GE Capital, Franchise Finance recently provided $2.15 million to Pizza Project, a Domino’s Pizza franchisee. The facility included a $1.45 million term loan for the acquisition of existing Domino’s units and a $700,000 line of credit for the development of additional stores.
Read more...Date Posted August 24, 2011
Shane’s Rib Shack to Offer Franchise Financing Program
Shane’s Rib Shack, a Petrus Brands concept and national barbecue chain, said it established a comprehensive financing program with The Brand Banking Company as its preferred lender, as Shane’s plans to add a minimum of 100 stores in the Southeast.
Read more...Date Posted August 22, 2011
GE Capital Provides $12.4MM to Hilton Operator
GE Capital, Franchise Finance provided $12.4 million to Lynchburg Hotel Group, a unit of Paragon Hotel Company, to refinance a Hilton Garden Inn located in Lynchburg, VA.
Read more...Date Posted August 10, 2011
GE Franchise Finance Provides $13MM To Wild Wings Franchisee
GE Capital, Franchise Finance completed a $13.9 million transaction with Wings Across America, a Buffalo Wild Wings franchisee to fund refinancing and new unit development.
Read more...Date Posted July 6, 2011
GE Franchise Finance Provides $28MM to Subway Franchisee
GE Capital, Franchise Finance provided a $28.9 million credit facility to Rottinghaus Company, operator of SUBWAY franchises. The facility includes a $24.5 million term loan and a $4.4 million revolving line of credit.
Read more...Date Posted June 30, 2011
Guidant Financial, Entrepreneur’s Source Ease Franchise Financing
Guidant Financial and Entrepreneur’s Source announced a new strategic partnership to streamline the process by which franchisees are able to obtain capital through online and customer-focused services.
Read more...Date Posted June 28, 2011
United Capital Finances Jimmy John’s Operator
United Capital Business Lending said it is providing $600,000 in financing to Jimmy John’s Gourmet Sandwiches owner Quain Enterprises. The funds will be used to refinance an existing store and to open additional locations.
Read more...Date Posted June 14, 2011
United Franchise, Franchise Finance Enter $5MM Lending Program
United Franchise Group said it reached an agreement for a franchisee lending program with Franchise Finance. The program will lend financial support to UFG franchisees, offering exclusive access to $5 million of development capital.
Read more...Date Posted June 7, 2011
United Capital Refinances Seller’s Note for SUBWAY Franchisee
United Capital Business Lending said it has provided $783,000 in financing to multi-unit SUBWAY restaurant owner, Bermudez Shorts, enabling the franchisee to refinance the remaining balance of seller notes from its original acquisition of four SUBWAY units in New Mexico.
Read more...Date Posted May 20, 2011
United Capital Finances $1 Million for Five Guys Burgers Operator
United Capital Business Lending announced it is providing $1 million in financing to Five Guys Burger and Fries owner Franchise Kings to refinance two existing stores and to open one new location.
Read more...Date Posted May 13, 2011
GE Capital Provides $26.5 Million to Dairy Queen Franchisee
GE Capital, Franchise Finance has provided a $26.5 million credit facility to Frauenshuh Hospitality Group, a major Dairy Queen franchisee. The facility includes a $24 million term loan and a $2.5 million development line of credit, and will be used to finance the acquisition of 58 additional Dairy Queen units.
Read more...Date Posted April 15, 2011
First Financial Names Schuldt President, Franchise Capital
First Financial Bank announced Tom Schuldt as the new president of First Franchise Capital Corporation.
Read more...Date Posted April 11, 2011
GE Capital Debuts Mobile App for Restaurant Franchise Customers
GE Capital is rolling out WattWise, a new mobile application, to its franchise restaurant operator customers in the U.S., to analyze the lighting energy consumed at their establishments.
Read more...Date Posted March 31, 2011
CIT Features Restaurant M&As in Podcast Series
CIT’s Bob Bielinski, head of the Restaurant Industry Practice within Corporate Finance, noted that the restaurant sector is gearing up for a potentially strong year of M&A activity and expects private equity firms will be cautious with leverage and franchising.
Read more...Date Posted March 30, 2011
Financing Challenges Still Remain for Franchise Small Businesses
According to a report released by the International Franchise Association, over 80,000 new jobs and over $10 billion in economic output could be lost in 2011 unless credit flow to franchised small businesses increases.
Read more...Date Posted March 28, 2011
GE Capital, Franchise Finance Provides $100 Million to Five Guys
GE Capital, Franchise Finance provided a $100 million credit facility to Five Guys Holdings, a franchisor of Five Guys Burgers and Fries. The facility includes a $55 million term loan and a $45 million revolver, and will be used to finance expected growth.
Read more...Date Posted March 24, 2011
GE Capital Co-Agents $600 Million ABL for Winn-Dixie
GE Capital, Corporate Retail Finance announced it is co-collateral agent on a $600 million asset-based revolving credit facility for food retailer Winn-Dixie Stores. GE Capital Markets served as joint lead arranger.
Read more...Date Posted March 23, 2011
CIT Features Restaurant Industry’s Comeback in Podcast Series
Suffering from “frugality fatigue,” American consumers are ready to get back to spending money in restaurants this year, according to Bob Bielinski, head of the Restaurant Industry Practice within Corporate Finance at CIT. He discusses this and other insights in the next installment of CIT’s podcast series.
Read more...Date Posted March 17, 2011
GE Capital Lends $13.2 Million to Hardee’s Franchisee Ponder Enterprises
GE Capital, Franchise Finance provided $13.2 million in financing to fast food franchisee Ponder Enterprises, one of Hardee’s largest franchise operators. The credit facility, consisting of an $11.2 million term loan and a $2 million development line of credit, will be used to refinance existing debt and fund capital expenditures. Mike Record, vice president, GE [...]
Read more...Date Posted March 9, 2011
CIT, Crystal Financial Provide Financing to Piggly Wiggly
Crystal Financial announced it has provided a term loan to Piggly Wiggly Holdings, a regional supermarket chain that was arranged by CIT Group. “Piggly Wiggly is a very strong brand, with one of the most recognized names in the grocer market in South Carolina and Georgia, and has sound fundamentals,” said Andrew Hettinger, managing director [...]
Read more...Date Posted March 3, 2011
Winmark Capital’s Zola Named to Company’s Board
Winmark Corporation announced that Steven C. Zola, the president of Winmark Capital, was named to the company’s board of directors. His nomination will be put to shareholder vote at the 2011 annual shareholder’s meeting. Winmark also said that Brett D. Heffes was named president of Winmark Corporation. Previously, Heffes was president, finance and administration. John [...]
Read more...Date Posted March 2, 2011
