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GE Capital, Franchise Finance
GE Capital, Franchise Finance Lends $3.5MM to Wendy's Fast Food Franchisee, New-Wen, Inc.
April 10th, 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. "This facility with New-Wen is part of our long tradition of supporting small and mid-sized restaurant franchise businesses," says Allan Hauptli, vice president at GE Capital, Franchise Finance. "We've been New-Wen's exclusive lender for nearly a decade and are pleased to continue this long relationship." New-Wen,...
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Source: Investment Weekly News (2010-04-10)
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