CIT Closes $25MM Loan to Friendly Franchisees

CIT Group’s Franchise Finance team, part of CIT’s Business Capital division, closed a $25 million loan to La Palma, CA-based Friendly Franchisees.

NRD Capital Completes Acquisition of Ruby Tuesday

Private equity firm NRD Capital announced the closing of its acquisition of Ruby Tuesday by a fund managed by NRD. In conjunction with the acquisition, Ruby Tuesday entered into a new credit facility agented by Goldman Sachs Specialty Lending.

Freedom Boat Club Selects Northpoint Commercial for Finance Program

Freedom Boat Club selected Northpoint Commercial Finance as it provider for a new, specially designed install and pay finance program for its franchise network.

Franchise Financing as Easy as ApplePie

Owning a franchise offers an entrepreneur the opportunity to run a business with the safety net of an established brand to provide a familiar product and a playbook to succeed. But coming up with the initial funding to cover the start-up costs can be a challenge. Denise Thomas started ApplePie Capital in 2014 to help potential franchisees. Thomas explains how she developed the concept and shares her thoughts on being a woman in a male-dominated industry.

GE Sells U.S. Hotel Franchise Finance Business to Western Alliance

GE reached an agreement to sell GE Capital’s Franchise Finance U.S. hotel business to Western Alliance Bank. GE also agreed to sell its Canadian Franchise Finance business to a “different buyer.”

GE Capital Supports Vitaligent Purchase of Jamba Juice Units

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.

GE Capital Provides $30.7MM to Serazen to Acquire 50 Hardee’s Units

GE Capital’s Franchise Finance business said it has provided a $30.7 million loan to Serazen to refinance debt and to acquire and re-image 50 Hardde’s units in NC and SC.

GE Capital Provides $11MM Loan for Holiday Inn at Winnipeg Airport

GE Capital, Canada, said it has provided an $11 million term loan to AP2 Developments, the owner of the Holiday Inn at the Winnipeg Airport.

GE Capital’s VPC Facility Funds Giordano’s Growth

Victory Park Capital secured a $51 million facility from GE Capital, Franchise Finance and Citizen’s Bank to refinance existing VPC debt and fund long-term growth initiatives of Giordano’s.

GE Capital Loans $6.5MM to Wright Investment Properties

GE Capital, Franchise Finance announced it has loaned $6.5 million to Wright Investment Properties. The funds will be used to refinance a Memphis-based Residence Inn.