GE Capital Franchise Finance Funds $9.6MM Milano Facility

GE Capital Franchise Finance announced it provided a new $7.6 million term loan and $2.0 million revolving credit facility to Milano Restaurants International. The funds will be used primarily to develop its new fast-casual pizza concept, Blast 825°.

Milano’s first Blast 825° unit opened in 2013. It currently has four locations open and two more in development in California.

GE Capital has had a relationship with Milano’s since 2005.

“Over its 50+ year operating history, Milano’s has shown that it knows how to build a loyal customer base and successfully compete with nationally known brands,” said Bill Kraus, a senior managing director with GEFF. “Although pizza is a highly competitive segment, we believe the management team is well-equipped to expand the Blast 825° concept.”

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