GE Capital, Franchise Finance recently closed a $30MM loan to Five Guys
Holdings, Inc., franchisor of Five Guys Burgers and Fries, doubling the
size of the credit facility. The new facility is made up of a $5.25MM
revolving line of credit and a $24.75MM term loan. Funding was provided
through GE Capital, Franchise Finance's bank affiliate, GE Capital
Financial, Inc.
“We chose to continue to work with GE Capital because they are in the
best position to meet our future growth needs,” says Peter Hanson, CFO
of Five Guys. “Their longstanding experience in our industry helps us
see the opportunity for a strong relationship in the future.”
Five Guys is a rapidly growing fast casual restaurant chain that started
in 1986, in Arlington, Va. With approximately 500 units in 36 states
throughout the U.S., the chain sells mainly hamburgers, hot dogs and
french fries.
“It’s a great opportunity to work with a restaurant franchise such as
Five Guys,” says Scott Tocci, vice president of GE Capital, Franchise
Finance. “With their unique and creative business model, we’re thrilled
to be aligned with their growth.”
This is a continued relationship between GE Capital and Five Guys.
“We’re excited Five Guys chose GE Capital as their preferred lender,”
says Darren Kowalske, president of GE Capital, Franchise Finance. “It is
our business to help companies grow and succeed. We look forward to
continue working with them.”
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 over 30
years of experience and $15 billion in served assets, we serve over
5,000 customers and over 22,000 property locations. We provide financing
for all your business needs. More information is available at www.gefranchisefinance.com
or by calling 866-GET-GEFF (438-4333).
GE Capital offers consumers and businesses around the globe an array of
financial products and services. Visit www.gecapital.com.
GE (NYSE: GE) is Imagination at Work - a diversified technology, media
and financial services company focused on solving some of the world's
toughest problems. Visit the company's Web site at www.ge.com.
