Funds partner buyout
Scottsdale, AZ (Restaurant News Release) GE Capital, Franchise Finance recently provided a $2.675 million term loan to QSC Restaurants, Inc., a Wendy’s franchisee, for a partner buyout. The funding was provided through GE Capital’s bank affiliate, GE Capital Financial Inc.
“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, Inc. “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, Colorado was established in 1987. They currently own and operate 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.”
The Wendy’s Company is the world’s third largest quick-service hamburger company. The Wendy’s system includes more than 6,500 franchise and company owned restaurants in the U.S. and 25 other countries and U.S. territories worldwide.
About GE Capital, Franchise Finance
GE Capital, Franchise Finance is a leading lender for the franchise finance market via direct sales and portfolio acquisition. With more than 30 years of experience and $10 billion in served assets, we serve over 3,000 customers and over 18,000 property locations. We specialize in financing mid-market operators with multiple stores in the restaurant and hospitality industries. Our team of industry experts will work with you to help develop your own growth plan with access to our proprietary industry research and customized tools. More information is available at www.gefranchisefinance.com.