Cadence Provides $10MM Revolver for Jamba Juice
Jamba Juice closed a $10 million revolving line of credit with Cadence Bank as administrative agent, lender and L/C issuer.
November 4, 2016
Cadence Bank | Jamba Juice
ABF Journal
Jamba Juice closed a $10 million revolving line of credit with Cadence Bank as administrative agent, lender and L/C issuer.
According to an 8-K filing, smoothie chain Jamba Juice announced that Wells Fargo reduced the franchisor’s revolving line of credit from $15 million to $10 million reflecting non-compliance concerns.
GE Capital’s Franchise Finance business said it has loaned $11 million to Vitaligent for the acquisition of 77 Jamba Juice units, making it the largest franchise in the system.