Sterling National Bank‘s franchise finance group provided senior secured credit facilities totaling $1.7 million to a New Jersey-based Popeyes Franchisee.
The credit facilities will be used by the company for the development of more Popeyes locations and to refinance existing debt.
This transaction was originated by Lindy Baldwin, a managing director located in Sterling’s New York office.
Sterling National Bank’s franchise finance division is a cash flow lender that offers up to 100% financing for acquisitions, partnership buyouts, refinancing, upgrading technology, renovating and/or remodeling. The division offers financing solutions from $500,000 to $10 million.
