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GE Capital Franchise Finance Provides $4.4MM Facility to IHOP Franchisee

January 25, 2013, 07:00 AM
Filed Under: Franchise Finance

GE Capital, Franchise Finance recently provided $4.4 million to Romulus Restaurant Group, an IHOP franchisee for the acquisition of six stores in Oklahoma. The financing was provided through GE Capital's bank affiliate, GE Capital Bank.

"We chose GE Capital, Franchise Finance because of their industry experience and their willingness to work with us," says Chris Milisci, president, Romulus Restaurants. "They structured a deal that really helps us to grow our business."

Romulus Restaurants is an IHOP franchisee with 48 locations in four states including Arizona, Pennsylvania, Oklahoma, and Idaho.

"We are pleased we were able to help Romulus Restaurants acquire new stores and look forward to helping them continue to grow," said Todd Cortell, senior vice president, GE Capital, Franchise Finance.

The IHOP family restaurant chain has served its world famous pancakes for 54 years. The IHOP system includes more than 1,550 restaurants in the U.S. as well as in Canada, Guatemala, Mexico, Puerto Rico, and the U.S. Virgin Islands.

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

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