Denny’s, a full-service family restaurant chains, announced a loan program to support Denny’s domestic unit growth.
The program will be managed by Pinnacle Commercial Capital, a nationwide lender to the franchise industry. Pinnacle is partnering with BancAlliance, a bank-controlled cooperative managed by Alliance Partners which helps member banks diversify loan portfolios across a broader range of asset opportunities, and other participating lenders to provide up to $100 million to new and existing franchisees that open new restaurants in Denny’s under-penetrated markets in the U.S.
Indianapolis, IN-based Pinnacle Commercial Capital is a privately owned, specialty commercial finance company focused on providing loan products and sponsored programs to multi-unit franchisees, franchisors and other branded retail businesses.
BancAlliance is a cooperative network of community and regional banks working collectively to address the business model challenges that an over-reliance on real estate assets created.
No tags available
First let me say “congratulations” to my colleague and Monitor author Bill Bosco on his retirement. It’s been a privilege to know Bill and to work with him for more than 25 years, and I hope that I can fill... read more
In certain circumstances, a lender providing equipment financing may be unable or unwilling to obtain or rely on the super-priority lien afforded to a purchase money security interest under §9-324 of the Uniform Commercial Code. In these circumstances, the lender... read more