SCOTTSDALE, Ariz.--(BUSINESS WIRE)--GE Capital, Franchise Finance recently provided Raising Cane’s® Chicken Fingers a $25 million revolving line of credit, refinancing the company’s existing facility and amending a $21.6 million term loan. Funding was provided through GE Capital’s bank affiliate, GE Capital Financial Inc.
“We value our continuing relationship with GE Capital and the flexibility they provide us,” said Brad Sanders, chief business officer, fry cook & cashier, Raising Cane’s Chicken Fingers.
Raising Cane’s, offering quality chicken finger meals, has 110 locations throughout 16 states. The company is slated to open 9 additional units by the end of 2011.
“Our relationship with Raising Cane’s helped us create a deal structure that was a key differentiator,” said Bill Kraus, managing director, GE Capital, Franchise Finance. “We look forward to growing with the Raising Cane’s brand.”
Raising Cane’s® Chicken Fingers was founded in 1996 and is based in Baton Rouge, Louisiana.
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 $12 billion in served assets, we serve over 5,000 customers and over 22,000 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 growth plans with access to our proprietary industry research and customized tools. More information is available at www.gefranchisefinance.com.