FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


GE Capital, Franchise Finance Provides $7.1MM to Panera Bread Franchisee

December 12, 2012, 07:00 AM
Filed Under: Franchise Finance

GE Capital, Franchise Finance recently provided a $7.17 million loan to The Cain Holding Group, LLC, a Panera Bread, LLC, franchisee. The loan will be used to refinance existing debt, remodel two existing locations, and fund new construction of three locations. The financing was provided through GE Capital's bank affiliate, GE Capital Bank.

"Our customers value lenders who have in-depth industry knowledge and superior execution capabilities," says Marques Bayne, vice president, GE Capital, Franchise Finance. "We look forward to working with The Cain Holding Group as they grow their business."

The Cain Holding Group, LLC is a franchisee of Panera Bread located in Houston and The Woodlands, Texas.

"GE Capital, Franchise Finance was able to structure and deliver funding that really addressed the needs of our business," says Chuck Cain, partner, The Cain Holding Group, LLC. "Looking forward, they are the best choice for us because of their ability to offer a variety of products to help us grow."

Panera Bread was established in 1981. It is quickly expanding across North America, operating 1,591 company-owned and franchise-operated bakery cafes in 41 states.

GE Capital, Franchise Finance is a leading lender for the franchise finance market via direct sales and portfolio acquisition.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.