Financing for Jack in the Box Franchisee Closed in Under Three Weeks
SCOTTSDALE, Ariz.--01 September 2009-- GE Capital, Franchise Finance announced today that it provided a $4 million credit facility enabling RDSL to acquire and develop seven Jack in the Box franchise restaurants in greater Dallas. GE Capital only took two and a half weeks to approve and close the deal with RDSL.
Uniting four franchisees from across the country, the franchise ownership company, RDSL, was founded by Rabi Viswanath, David Beshay, Sam Fong, and Lee Su. RDSL currently owns and operates 19 Jack in the Box franchise units in the Dallas and Southern Oklahoma areas.
"We're thrilled GE Capital provided certainty of close," says Rabi Viswanath, partner, RDSL. "Their knowledge of this industry and their client service skills allowed them to complete the deal in a short time frame."
Based in San Diego, Jack in the Box Inc., is one of the nation's largest hamburger chains, with approximately 2,200 restaurants in 18 states.
"GE Capital, Franchise Finance met the challenge head on," says Dave Stansbery, vice president, GE Capital, Franchise Finance. "This is a great example of a full team performance. This is also another strong indicator that GE Capital is lending and providing great customer service."
About GE Capital, Franchise Finance
GE Capital, Franchise Finance is a leading lender for the franchise finance market via direct sales and portfolio acquisition. With over 30 years of experience and $15 billion in served assets, we serve over 5,000 customers and over 22,000 property locations. We provide financing for all your business needs. More information is available at www.gefranchisefinance.com or by calling 866-GET-GEFF (438-4333).
GE Capital offers consumers and businesses around the globe an array of financial products and services. GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. Visit the company's Web site at www.ge.com.
Christine Roe
GE Capital Solutions
[email protected]
1-480-563-6260
Yvette Pistorio
Arment Dietrich Inc.
[email protected]
(312)-787-7249