It is not all gloom and doom in financing restaurant deals, Sarah Lockyer of NRN.com reports;
The largest lender in the industry, GE Capital Solutions, Franchise Finance, said Tuesday it has completed a nearly $5.83 million loan to Boston Blackie’s, an eight-unit casual-dining chain based in Chicago.
The deal closed in October, GE said. While a small transaction, it is one of the first publicly announced GE-led deals in months. The financing will be used to fund regional growth and development for
“This deal demonstrates our commitment to providing the kind of financing that supports the restaurant industry’s continued success,” GE said in a statement.
