SCOTTSDALE, Ariz.--(BUSINESS WIRE)--GE Capital, Franchise Finance recently completed a $9.5 million transaction with BAJCO Group, a Papa John’s Pizza® franchisee for the refinancing of existing debt. Funding was provided through GE Capital’s bank affiliate, GE Capital Financial Inc.
“We were highly impressed with the expertise and industry knowledge of everyone on the GE Capital team,” said Faisal Bajwa, CFO, BAJCO Group. “We have been a customer since 2010, and this latest financing was another very professional execution. We look forward to working with GE Capital again.”
Based in Niles, OH, BAJCO currently owns and operate 74 Papa John’s units in Ohio, Indiana, Michigan, Pennsylvania, and Florida.
“The BAJCO team is a pleasure to do business with,” says Paul Cantieri, senior vice president, GE Capital, Franchise Finance. “We are excited to work with them as they continue to grow.”
Headquartered in Louisville, Kentucky, Papa John's International, Inc. is the world's third largest pizza company with more than 3,700 restaurants in 32 countries.
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.