GE Capital Provides $7.1 Million to Domino’s Franchisee
GE Capital, Franchise Finance said it provided a $7.1 million credit facility to Hishmeh Enterprises, a Domino’s Pizza franchisee. The funding includes a $5.6 million term loan to refinance existing debt and a $1.5 million development line of credit for growth capital. The financing was provided through GE Capital’s bank affiliate, GE Capital Bank.
“We chose GE Capital because of their industry expertise,” explained Sam Hishmeh, president, Hishmeh Enterprises. “In addition, their responsiveness and ability to provide additional capital to help us grow will bring us back as we continue our growth.”
Founded in 1988 in Ventura, CA, Hishmeh Enterprises currently owns and operates 27 Domino’s Pizza restaurants throughout southern California.
“We have extensive experience working with the Domino’s brand and enjoy working with new Domino’s operators,” said Jon Rinaldi, vice president, GE Capital, Franchise Finance. “We look forward to working with Hishmeh Enterprises again in the future.”