Restaurant lending and franchise finance veteran Michael Record joined Northwest Bank as Executive Vice President, head of restaurant and franchise finance. In this new role, Record will build out Northwest's restaurant and franchise finance business...
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March 14, 2024, 07:00 AM
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The number of U.S. restaurants – including chain franchises and independent stores – has not yet rebounded to pre-pandemic levels, and is still meaningfully lower than what it was before the advent of COVID-19, according to Nick Cole, Head of...
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January 05, 2023, 07:07 AM
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CWB Franchise Finance supported Aegis Brands Inc. with $30MM in financing to acquire St. Louis Bar & Grill. The commitment supports Aegis' goal to become a consolidator of Canadian food and beverage brands. CWB's has nurtured a longstanding...
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November 21, 2022, 07:15 AM
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Consumers who purchase food for in-home consumption have generally experienced higher price increases relative to what they pay for menu items at quick-service and fast-casual restaurants—a trend that makes restaurants more comparatively appealing...
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June 16, 2022, 07:12 AM
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Aegis Brands Inc. finalized a new development line of credit (DLOC) from CWB Franchise Finance, a CWB Financial Group partner company, for $22 million. The DLOC will be used to continue Aegis' growth in Canada's food service industry through...
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December 13, 2021, 07:15 AM
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CWB Franchise Finance provided a loan facility to Dream Hospitality Group Inc. to acquire all outstanding shares in Houston Avenue Bar & Grill and Industria Pizzeria + Bar from MTY Food Group. With the principal's combined 36 years of experience in...
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October 18, 2021, 07:00 AM
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Appetize, a digital and mobile commerce platform, announced the launch of Appetize Plus (Appetize+), an all-inclusive subscription plan that conveniently bundles cloud-based software, hardware, payments and support into an affordable monthly fee....
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August 05, 2021, 07:05 AM
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Purchasing activity and financing approval rates in the foodservice equipment industry are rebounding at a rapid pace, evidence that restaurants are staging a strong comeback from the COVID-19 pandemic, according to data released this month by...
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July 29, 2021, 07:07 AM
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Mitsubishi UFJ Financial Group (MUFG) announced the hiring of nine bankers to the Restaurant Finance group of its Corporate and Investment Banking division. Two leadership hires among them are Managing Director Nick Cole, who will head the newly...
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May 18, 2021, 07:25 AM
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Financing for restaurant franchise operators in the large and middle-tier segments has mostly bounced back to what it had been before the onset of the COVID-19 pandemic, according to Brian Geraghty, head of Restaurant Finance at Mitsubishi UFJ...
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December 07, 2020, 07:21 AM
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Stonebriar Commercial Finance announced the closing of an $11 million term loan supporting the acquisition of nine franchised Quick Service Restaurants (QSR). The acquisition features a seasoned and highly profitable group of stores with core market...
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July 07, 2020, 07:22 AM
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Twin Peaks Restaurants announced it is teaming with ApplePie Capital to allocate up to $30 million in debt capital to its franchisees and propel its franchise expansion to new and existing groups.“It is of the utmost importance for us to ensure our...
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November 05, 2019, 07:10 AM
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CIT Group Inc. announced it served as sole lead arranger of a $60 million financing for Carolina Restaurant Group (CRG), operators of 108 Wendy’s restaurant franchises across North Carolina and South Carolina.Based in Charlotte, NC, CRG has been in...
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August 07, 2019, 07:05 AM
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OnDeck and Upserve, a leading restaurant management platform, announced a partnership to provide Upserve's restaurant customers with online financing options from OnDeck. Over 10,000 restaurants currently use Upserve's restaurant management platform...
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July 17, 2019, 07:21 AM
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CWB Franchise Finance, a division of CWB Financial Group, has provided a development line facility to Flock Rotisserie + Greens. Flock is a growing Toronto-based Fast Casual brand with a focus on salads and rotisserie chicken.“At CWB we love to see...
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June 27, 2019, 07:00 AM
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CWB Franchise Finance (CWB), a division of CWB Financial Group, has provided a development line facility and a revolver loan to Shoeless Joe’s Ltd. (Shoeless Joe’s Sports Grill). Shoeless Joe’s is based out of Woodbridge, Ontario, and is led by...
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April 17, 2019, 07:05 AM
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Thomas Hung has joined First Tennessee Bank, part of the First Horizon National Corp. family of companies, to lead the restaurant franchise banking group. Hung, located in Scottsdale, AZ, will report to Steve Hawkins, Director of Specialty Banking...
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April 12, 2019, 07:10 AM
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Balboa Capital announced it is now recognized by Checkers & Rally’s as a Preferred Lender for its nearly 900 franchise owners in the United States. This affiliation gives single-unit and multi-unit Checkers & Rally’s franchisees access to funding...
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December 10, 2018, 07:05 AM
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JPMorgan Chase’s Commercial Bank announced the launch of the Franchise and Restaurant Group within its Middle Market Banking & Specialized Industries (MMBSI) business and appointed Michael Pura, a seasoned banker, to lead the effort.The Franchise and...
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November 13, 2018, 07:25 AM
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CWB Franchise Finance, a division of CWB Financial Group, has provided a debt consolidation term loan, a relocation financing term loan and a development line facility to Mercatto Hospitality Group.The Canadian restaurant brand, open since 1998...
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July 13, 2018, 07:17 AM
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A new study released today by AlixPartners, the global business-advisory firm, posits that the turbulence in the chain-restaurant industry of late—from underperforming results to an uptick in bankruptcies to renewed shareholder pressures—might not be...
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April 13, 2017, 07:03 AM
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Driven by an overall increase in operators' current situation, the National Restaurant Association’s Restaurant Performance Index (RPI) advanced in September. The RPI stood at 100.8, up 1.2 percent from August.“September’s RPI uptick was aided by...
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November 04, 2016, 07:00 AM
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Due in large part to declines in both same-store sales and customer traffic, the National Restaurant Association’s Restaurant Performance Index (RPI) fell below 100 in August. The RPI stood at 99.6, down 1.0 percent from a level of 100.6 in...
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October 03, 2016, 07:00 AM
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GE announced that it has completed the sale of GE Capital’s U.S. restaurant financing assets, through a series of separate transactions with regional buyers first announced in June 2016. These combined transactions represent an ending net investment...
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September 20, 2016, 07:00 AM
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Square (SQ) and Upserve announced a partnership providing Upserve customers access to fast, flexible, and straightforward funding for their restaurants through Square Capital. This is the first time loans through Square Capital will be available to...
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August 11, 2016, 07:15 AM
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GE has entered into separate agreements with three buyers to sell the bulk of GE Capital’s U.S. restaurant franchise financing assets. The combined transactions represent ending net investment (ENI) of approximately US$1.4 billion as of first quarter...
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June 28, 2016, 07:12 AM
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CIT Group announced the launch of a mid-cap restaurant franchise finance practice to complement its successful large and small restaurant franchise financing businesses. “CIT franchise finance has long been recognized as a leading provider of...
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June 16, 2016, 07:05 AM
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LeaseQ announced a partnership with local chef and Food Network “Cutthroat Kitchen” winner Jared Forman to finance equipment for his Worcester restaurant and café, deadhorse hill. Named for the city’s famous hill, deadhorse hill opens as a...
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May 20, 2016, 06:27 AM
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Canadian Western Bank announced its recent signing of an asset purchase agreement to acquire GE Capital's Canadian Franchise Finance business. The business provides financing across Canada to a diverse group of established companies in the...
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April 08, 2016, 07:12 AM
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Citizens Bank announced that it has provided a $15 million credit facility to Rubyhill Denver LLC, a multi-unit Sonic franchise restaurant operator. The Colorado-based restaurant group will use the funds for acquisition financing and capital...
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March 30, 2016, 06:59 AM
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After trending up in the second half of 2015, restaurant industry sales slipped slightly in January 2016, according to preliminary data from the U.S. Census Bureau. Eating-and-drinking-place sales totaled $53.5 billion on a seasonally-adjusted basis...
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February 23, 2016, 06:47 AM
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As a result of broad-based declines in both current situation and expectations indicators, the National Restaurant Association’s Restaurant Performance Index (RPI) fell sharply in December. The RPI stood at 99.7 in December, down 1.6 percent from...
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February 04, 2016, 07:05 AM
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LeaseQ, an online marketplace connecting businesses, equipment sellers, and equipment finance companies to make selling and financing equipment fast and easy, and Canadian food service equipment manufacturer group DaVinci Compass Inc., owner of...
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November 19, 2015, 07:10 AM
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Huddle House, Inc., the iconic Southern-inspired family restaurant franchise, named Ascentium Capital as a finance partner to provide flexible finance structures to their franchisees.“Our goal is to ensure our franchisees are successful and we want...
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October 02, 2015, 06:48 AM
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CapX Partners (CapX) announced the closing of a loan facility that can grow to $100 million to support the growth needs of Ziosk. Ziosk is the creator of the restaurant industry’s first ordering, entertainment and pay-at-the-table tablet and commands...
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September 25, 2015, 07:02 AM
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As a result of a somewhat dampened outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index (RPI) declined in June for the second consecutive month. The RPI – a monthly composite index that tracks the...
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August 10, 2015, 07:01 AM
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GE Capital’s Franchise Finance business announced today that it has provided a $30.7 million loan to Serazen, LLC to refinance debt and to acquire and re-image 50 Hardee’s® units in Greensboro and Wilmington, N.C. and Columbia and Florence, S.C.As...
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August 04, 2015, 07:00 AM
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Although same-stores sales and customer traffic levels softened somewhat in May, the National Restaurant Association’s Restaurant Performance Index (RPI) remained in positive territory. The RPI – a monthly composite index that tracks the health of...
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July 14, 2015, 07:00 AM
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GE Capital’s Franchise Finance business announced that it has provided financing to Dufficy Enterprises Inc. Based in Franklin, MA, Dufficy is a Domino’s Pizza franchisee that operates 16 units in the greater Boston area.The credit facility includes...
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July 07, 2015, 06:00 AM
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The 25th annual edition of the Chain Restaurant Industry Review by GE Capital, Franchise Finance shows that Americans’ dining habits have changed dramatically over the past quarter century. At the same time, the restaurant industry itself is growing...
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June 18, 2015, 06:06 AM
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GE Capital’s Franchise Finance (GEFF) business announced that it has provided financing to Z&H Foods, LLC to develop more than 20 Popeyes units and to refinance debt. GE Capital Markets served as administrative agent on the transaction.Based in...
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November 25, 2014, 06:15 AM
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The fast casual segment remains the top performer in the restaurant sector, and will continue to lead activity and change. The segment, typified by the likes of Chipotle, Noodles & Company and Zoe’s Kitchen, is providing offerings that are consistent...
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November 07, 2014, 07:00 AM
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GE Capital, Franchise Finance (GEFF) announced that it has expanded its team of account executives to focus on developing relationships with the next generation of restaurant operators nationwide.To lead this initiative, Allen Johnson has been...
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October 30, 2014, 07:05 AM
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Due in large part to softer customer traffic levels, the National Restaurant Association’s Restaurant Performance Index (RPI) registered a moderate decline in June. The RPI – a monthly composite index that tracks the health of and outlook for the U.S...
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August 04, 2014, 06:00 AM
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According to the National Restaurant Association, preliminary figures from the U.S. Census show that restaurant sales volume slowed slightly in June after hitting a record-high in May. Eating and drinking place sales totaled $46.8 billion on a...
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July 17, 2014, 06:12 AM
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Arby’s Restaurant Group, Inc. (ARG) has entered into an agreement with Element Financial Corp. to power the Arby’s Remodel Financing Program. Earlier this month, Arby’s announced a new Brand Revitalization and remodel program with plans to renovate...
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July 01, 2014, 07:00 AM
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GE Capital’s Franchise Finance business announced that it has provided $31 million to United Restaurant Group, LP (URG) in a combined sale-leaseback and refinancing. GE Capital served as administrative agent and GE Capital Markets served as sole lead...
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May 30, 2014, 06:30 AM
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Established restaurant brands are fiercely competing with new concepts for market share while ingredient costs are rising, said GE Capital, Franchise Finance. And although diners are spending more during each visit, consumer traffic declined over the...
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May 06, 2014, 06:04 AM
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BMO Harris Bank recently provided a $21.7 million loan facility to Scott and Tani McMillan, the largest franchisees of Sonic Drive-In restaurants in California. With 24 restaurants in the state, the McMillans used the funds to recapitalize their...
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March 12, 2014, 06:39 AM
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GE Capital’s Franchise Finance business announced that it has provided $80 million in senior debt to BurgerBusters Inc., a Taco Bell franchisee. GE Capital served as administrative agent and GE Capital Markets served as lead arranger and bookrunner...
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March 11, 2014, 06:55 AM
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Element Financial (formerly CoActiv) will provide BURGER KING franchisees throughout North America with new financing options for Next Generation Kitchen (NGK) equipment purchases and installations. Element’s program simplifies the process for...
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February 24, 2014, 07:02 AM
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Driven by improving same-store sales and customer traffic levels, the National Restaurant Association’s Restaurant Performance Index (RPI) hit a five-month high in November. The RPI stood at 101.2 in November, up 0.3 percent from October and the...
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January 02, 2014, 06:22 AM
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Restaurant franchise owners looking to grow their portfolios say that obtaining quality data is their biggest problem when looking for new sites, according to a recent survey by GE Capital, Franchise Finance (GEFF).Sixty-six percent of survey...
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December 10, 2013, 06:30 AM
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Balboa Capital announced that is has been selected as an Approved Lender for Domino's Pizza franchise owners nationwide. Balboa Capital will provide an expanded portfolio of flexible financing options to Domino's Pizza franchisees who need funding...
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November 21, 2013, 06:50 AM
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GE Capital, Franchise Finance (GEFF) will be demonstrating cutting-edge enhancements to GE SmartChart™ at the Restaurant Finance & Development Conference Nov. 4-6 in Las Vegas. SmartChart is a digital tool that can help restaurant owners manage and...
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October 31, 2013, 06:42 AM
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As Wendy’s restaurants undergo a total brand transformation — which includes “re-imaging” existing restaurants and developing new ones as well as a new marketing, logo and packaging — GE Capital’s Franchise Finance (GEFF) business has provided a $100...
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September 26, 2013, 06:57 AM
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Large and middle market restaurant companies, as well as franchisees of top-tier brands, have ready access to capital, but franchisees of smaller brands are finding it more challenging to secure debt financing, according to Bob Bielinski, Managing...
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September 17, 2013, 06:49 AM
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The National Restaurant Association reported that as a result of positive sales and traffic and an optimistic outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index (RPI) remained in expansion territory...
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August 13, 2013, 06:36 AM
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Due in large part to softer same-store sales and customer traffic levels, the National Restaurant Association’s Restaurant Performance Index (RPI) slipped below 100 in February. The RPI – a monthly composite index that tracks the health of and...
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April 01, 2013, 06:34 AM
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Balboa Capital announced the appointment of Angela Stoltenberg-Anderson as Director of Business Development for the Franchise Division of the company’s Vendor Services Group. In her new role, Ms. Stoltenberg-Anderson will be responsible for...
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February 21, 2013, 07:01 AM
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Buoyed by positive same-store sales and customer traffic results, the National Restaurant Association’s Restaurant Performance Index (RPI) rose in November. The RPI – a monthly composite index that tracks the health of and outlook for the U.S....
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January 02, 2013, 07:00 AM
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GE Capital, Franchise Finance recently provided a $7.17 million loan to The Cain Holding Group, LLC, a Panera Bread, LLC, franchisee. The loan will be used to refinance existing debt, remodel two existing locations, and fund new construction of three...
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December 12, 2012, 07:00 AM
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Due in large part to restaurant operators’ dampened outlook for sales growth and the economy, the National Restaurant Association’s Restaurant Performance Index (RPI) fell sharply in October. The RPI – a monthly composite index that tracks the health...
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December 03, 2012, 06:01 AM
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As a result of softer same-store sales and customer traffic levels, the National Restaurant Association’s Restaurant Performance Index (RPI) declined in September. The RPI – a monthly composite index that tracks the health of and outlook for the U.S....
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November 01, 2012, 07:29 AM
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As a result of softer customer traffic and a dampened outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index (RPI) fell to its lowest level in nine months. The RPI – a monthly composite index that...
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September 04, 2012, 07:32 AM
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Bolstered by stronger same-store sales and customer traffic levels, the National Restaurant Association’s Restaurant Performance Index (RPI) stood above 100 for the eighth consecutive month in June. The RPI – a monthly composite index that tracks the...
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August 03, 2012, 07:30 AM
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Regions Financial announced it has hired three specialty bankers to join its Restaurant, Healthcare, and Technology & Defense Banking groups. Robert Daniel has been named group head and managing director of the Restaurant Banking group in Atlanta, Ga...
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June 13, 2012, 07:25 AM
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The outlook for the restaurant industry remained positive for the coming months, as the National Restaurant Association’s Restaurant Performance Index (RPI) stood well above 100 in April. The RPI – a monthly composite index that tracks the health of...
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June 01, 2012, 07:00 AM
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The American restaurant industry is starting to simmer. Consumers are spending more on meals, and foot traffic at establishments is improving, albeit from a diminished base, according to the 22nd edition of the Chain Restaurant Industry Review...
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March 28, 2012, 06:30 AM
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The prolonged recovery of the U.S. economy has forced restaurateurs to adapt to a “new normal,” one in which they are now more efficient and innovative as they have learned to deal with a difficult sales and profit environment. This is one of many...
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February 13, 2012, 08:15 AM
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