Daily News: January 24, 2013

GE Capital Provides $4.4MM Facility to IHOP Franchisee


GE Capital, Franchise Finance said it 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 Capital, Franchise Finance because of their industry experience and their willingness to work with us,” said Chris Milisci, president, Romulus Restaurants. “They structured a deal that really helps us to grow our business.”

Romulus Restaurants is an IHOP franchisee with 48 locations in four states including Arizona, Pennsylvania, Oklahoma and Idaho.

“We are pleased we were able to help Romulus Restaurants acquire new stores and look forward to helping them continue to grow,” said Todd Cortell, senior vice president, GE Capital, Franchise Finance.”