Daily News: December 11, 2012

GE Capital Provides $7.17MM to Panera Bread Franchisee

GE Capital, Franchise Finance said it recently provided a $7.17 million loan to The Cain Holding Group, a Panera Bread franchisee. The loan will be used to refinance existing debt, remodel two existing locations and fund new construction of three locations. The financing was provided through GE Capital’s bank affiliate, GE Capital Bank.

“Our customers value lenders who have in-depth industry knowledge and superior execution capabilities,” said Marques Bayne, vice president, GE Capital, Franchise Finance. “We look forward to working with The Cain Holding Group as they grow their business.”

The Cain Holding Group is a franchisee of Panera Bread located in Houston and The Woodlands, TX.

“GE Capital, Franchise Finance was able to structure and deliver funding that really addressed the needs of our business,” said Chuck Cain, partner, The Cain Holding Group. “Looking forward, they are the best choice for us because of their ability to offer a variety of products to help us grow.”