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Denny's Announces New Loan Program to Support Domestic Unit Growth in New and Emerging Markets
January 7th, 2012
Denny's Corporation (NASDAQ: DENN), one of America's largest full-service family restaurant chains, announced a loan program to support Denny's domestic unit growth. The program will be managed by Pinnacle Commercial Capital, one of the premier nationwide lenders to the franchise industry. Pinnacle is partnering with BancAlliance, a bank-controlled cooperative managed by Alliance Partners which helps member banks diversify loan portfolios across a broader range of asset opportunities, and other participating lenders to provide up to $100 million to new and existing franchisees that open new restaurants in Denny's under-penetrated markets in the U.S.
Bill Wildman, President...
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Source: Investment Weekly News (2012-01-07)