The pandemic has permanently altered the consumer-restaurant relationship with operators investing in technology and real estate to align with changing consumer preferences, according to the 2021 Restaurant Franchise Pulse survey, conducted by TD...
Read Story
January 07, 2022, 07:10 AM
|
KeyBank has joined Entrepreneur magazine's list of Top Franchise Suppliers, ranking the regional bank among some of the best in the nation to empower franchisees to launch, grow, expand or evolve their businesses. Only 12 banking and financial...
Read Story
September 12, 2019, 07:05 AM
|
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...
Read Story
April 12, 2019, 07:10 AM
|
Benetrends Financial, a provider of franchise funding, has broadened its offerings to include recruiting and hiring software for franchises. Benetrends has acquired the franchise hiring software division of Jordan Gilmore Inc. (JGI) and will continue...
Read Story
December 26, 2018, 07:21 AM
|
ApplePie Capital announced it recently surpassed $300 million in loans originated to franchise entrepreneurs opening or expanding their businesses.Driving ApplePie’s momentum are deep partnerships with more than 40 high-quality and growing franchise...
Read Story
November 20, 2018, 07:05 AM
|
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...
Read Story
November 13, 2018, 07:25 AM
|
Balboa Capital has been recognized by Massage Envy as an approved lender for its franchise owners throughout the United States. Balboa Capital will structure and deliver custom-tailored financing programs to Massage Envy franchisees who need funding...
Read Story
October 17, 2018, 07:00 AM
|
CWB Franchise Finance, a division of CWB Financial Group, has provided financing to the Joseph Richard Group to assist with new premises construction, expansion, and renovations of existing premises and other general corporate purposes.Established in...
Read Story
August 13, 2018, 07:00 AM
|
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...
Read Story
July 13, 2018, 07:17 AM
|
CIT Group Inc. announced it is expanding its Business Capital team with the addition of two business development officers to help support growth initiatives for business technology solutions.“Expanding our business development team will enable us to...
Read Story
June 27, 2018, 07:25 AM
|
Washington Federal has launched a formal Franchise Finance Division focused on helping established restaurant franchisees secure funding for their businesses. The division is being led by industry veteran Marisa Felker, who will work from the Arizona...
Read Story
April 09, 2018, 07:30 AM
|
Wintrust Financial Corporation announced that its subsidiary Lake Forest Bank and Trust Company has completed its previously announced acquisition of select loans and related relationships from GE Capital Franchise Finance. The loans totaled $554...
Read Story
August 22, 2016, 07:10 AM
|
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...
Read Story
June 18, 2015, 06:06 AM
|
Ascentium Capital announced a commitment of $250 million in capital that will benefit national and regional franchisors and franchisees. The franchise industry is highly competitive and franchisors strategically leverage Ascentium’s expertise in...
Read Story
November 13, 2014, 07:06 AM
|
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...
Read Story
October 30, 2014, 07:05 AM
|
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...
Read Story
May 30, 2014, 06:30 AM
|
GE Capital’s Franchise Finance business announced that it has provided $35.5 million in senior debt to Valenti Mid-South Management, LLC, a major Wendy’s franchisee based in Tampa, FL. The funds will be used to refinance most of the company’s senior...
Read Story
May 28, 2014, 06:00 AM
|
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...
Read Story
March 11, 2014, 06:55 AM
|
Balboa Capital announced today that it has become a qualified lender for Carl’s Jr.® and Hardee’s® franchisees nationwide. Balboa Capital will provide current and prospective Carl’s Jr. and Hardee’s franchise owners with custom-tailored financing...
Read Story
March 07, 2014, 07:00 AM
|
Balboa Capital announced it has been selected as a preferred lender for McAlister’s Deli® franchise owners nationwide. Balboa Capital will work with McAlister’s Deli franchisees who require financing for furniture, fixtures and equipment (FF&E)...
Read Story
February 28, 2014, 07:07 AM
|
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...
Read Story
December 10, 2013, 06:30 AM
|
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...
Read Story
October 31, 2013, 06:42 AM
|
CIT Canada announced the appointment of Douglas McKenzie as Specialty Finance Leader, effective immediately. He will report directly to Blake Macaskill, Managing Director, CIT Canada. McKenzie will be responsible for building CIT Canada’s Franchise...
Read Story
October 11, 2013, 06:45 AM
|
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...
Read Story
September 26, 2013, 06:57 AM
|
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...
Read Story
September 17, 2013, 06:49 AM
|
GE Capital’s Franchise Finance business announced it has provided Guerrieri Management, Inc. (GMI) with a $6.8 million credit facility. Based in Cape Coral, FL, the company currently operates 12 Taco Bell restaurants in the Tampa-Clearwater...
Read Story
July 30, 2013, 07:03 AM
|
Balboa Capital announced it has become a preferred lender for Papa John’s current and prospective franchisees nationwide. Balboa Capital will provide tailored financing solutions for furniture, fixtures and equipment (FF&E), re-imaging/remodeling...
Read Story
April 18, 2013, 07:07 AM
|
Direct Capital announced that it it will increase its funding commitment to the franchise industry and will continue to build new programs that alleviate the challenges faced by franchisees. The company said it will commit $300 million in 2013 to...
Read Story
March 26, 2013, 07:15 AM
|
TD Bank announced that it has joined with the International Franchise Association and a pilot group of franchises to help United States veterans become franchise owners.Across TD Bank's Maine to Florida footprint, franchises such as Dunkin' Donuts...
Read Story
February 22, 2013, 07:10 AM
|
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...
Read Story
February 21, 2013, 07:01 AM
|
GE Capital, Franchise Finance recently provided $4.4 million to Romulus Restaurant Group, an IHOP franchisee for the acquisition of six stores in Oklahoma. The financing was provided through GE Capital's bank affiliate, GE Capital Bank. "We chose GE...
Read Story
January 25, 2013, 07:00 AM
|
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...
Read Story
December 12, 2012, 07:00 AM
|
GE Capital, Franchise Finance provided a $74 million loan to Team Schostak Family Restaurants, an Applebee’s International, Inc. and Burger King® franchisee. The financing will be used to fund the acquisition of 65 new Applebee’s units. “GE Capital...
Read Story
November 06, 2012, 06:16 AM
|
Grease Monkey International has selected Direct Capital as its finance partner for a nationwide initiative to re-image its franchise locations. The initiative will update the look-and-feel of the popular automotive service franchise and is expected...
Read Story
October 11, 2012, 07:17 AM
|
Slow economic growth and continued high unemployment have limited the recovery in discretionary consumer spending, but steady improvement for the restaurant sector should continue according to Bob Bielinski, Managing Director and Head of the...
Read Story
October 03, 2012, 07:52 AM
|
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...
Read Story
August 03, 2012, 07:30 AM
|
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...
Read Story
June 01, 2012, 07:00 AM
|
City National Bank announced that it has hired four new bankers in Seattle to focus on franchise finance and will open a loan production office in Seattle this year as part of a nationwide expansion effort. The new bankers came from GE Capital...
Read Story
March 13, 2012, 08:00 AM
|
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...
Read Story
February 13, 2012, 08:15 AM
|