Funding allows multi-unit development throughout the Southeast
SCOTTSDALE, Ariz.--Tuesday, May 25, 2010-- GE Capital, Franchise Finance provided $19.35 million in financing to Tappan Street Restaurant Group, Inc., owners of Taco Mac, based in Atlanta. The financing included a $13.35 million term loan to refinance general operating debt and a $6 million revolver for new-unit development. Funding was provided through GE Capital, Franchise Finance's bank affiliate, GE Capital Financial Inc.
SCOTTSDALE, Ariz.--Tuesday, May 11, 2010-- GE Capital, Franchise Finance recently co-led the funding of a $36 million debt facility for the acquisition of Wingstop Restaurants, Inc. by an affiliate of Roark Capital Group, an Atlanta-based private equity firm specializing in franchising. Funding was provided through GE Capital, Franchise Finance's bank affiliate, GE Capital Financial, Inc.
Funding allows for remodeling, purchasing of underlying land, and refinancing
SCOTTSDALE, Ariz.--Tuesday, March 23, 2010-- GE Capital, Franchise Finance recently provided a $3.5 million credit facility to New-Wen, Inc., owners and operators of six Wendy's units in Ohio. New-Wen used the proceeds to refinance its existing debt structure in order to help in remodeling some restaurants and to purchase the underlying land at one of their existing Wendy's locations.
Funding allows the acquisition of seven Taco Bell units in the Baltimore area
SCOTTSDALE, Ariz.--Friday, February 19, 2010-- GE Capital, Franchise Finance recently provided a multi-million dollar credit facility to Taco Bill, Inc., whose owners, William Mullin and Christopher Walsh, operate multiple Taco Bell franchise units in California and Maryland. The loan helps Taco Bill acquire seven new units throughout the Baltimore area. Funding was provided through GE Capital, Franchise Finance's bank affiliate, GE Capital Financial, Inc.
Plainville, CT -- Over the past two years, GE has developed a web-based tool called Project Assistant. The tool allows engineers -- in about 15 minutes - to gather electrical distribution specs, drawings and budget prices for a building in the planning stages. This process can normally take hours, days or even weeks to complete.
