GE Capital, Franchise Finance Provides $4.1 Million to Hinz JJ
GE Capital, Franchise Finance provided a $4.1 million credit facility to Hinz JJ, LLC, a Jimmy John’s franchisee. The financing included $2.6 million to refinance debt and a $1.5 million development line of credit. The funding was provided through GE Capital’s bank affiliate, GE Capital Financial Inc.
“We chose GE Capital due to their ability to support our long-term growth with flexible capital,” explained Sandra Hinz, CEO, Hinz JJ, LLC. “Their deep domain expertise and industry knowledge resulted in a loan facility structured to meet our needs.”
Based in Lenexa, Kansas, Hinz JJ was formed in 2007. They currently own and operate 14 Jimmy John’s units throughout the Kansas City, KS area.
“We understand Hinz JJ’s business,” said Allan Hauptli, vice president, GE Capital, Franchise Finance. “By coupling our industry knowledge and our relationship with the Jimmy John’s brand, we were able to streamline their financing process and provide the resources they need to continue to grow.”
Jimmy John’s Gourmet Sandwich Shops was founded in 1983 by 19-year-old Jimmy John Liautaud in a converted garage in Charleston, IL. The company has grown to 1,371 total units in operation as of April 1, 2012 in more than 34 states and two countries.