The FINANCIAL — 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.”
According to General Electric Company, 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.