Daily News: February 23, 2012

GE Capital Provides $2.7MM to Wendy’s Franchisee, QSC Restaurants

GE Capital, Franchise Finance provided a $2.675 million term loan to QSC Restaurants, a Wendy’s franchisee, for a partner buyout. The funding was provided through GE Capital’s bank affiliate, GE Capital Financial.

“This buyout was a big step that was two years in the making, and we needed a responsive and reliable lender to help us,” says Laryl Laetsch, chief financial officer, QSC Restaurants. “GE Capital proved to be very responsive to our needs and we are very pleased with the execution of this transaction.”

QSC Restaurants in Fort Collins, CO was established in 1987. It currently owns and operates six Wendy’s units throughout the Fort Collins area.

“GE Capital is well-known as an active lender in large transactions,” explained Seth Shaner, assistant vice president, GE Capital, Franchise Finance. “What is not as well-known is that we give as much attention and put as much energy into serving mid-sized customers. I am very happy that we were able to help QSC take this step in building their business.”