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Stonebriar CF Closes $11MM Term Loan Supporting Acquisition of Franchised QSR Restaurants

July 07, 2020, 07:22 AM
Filed Under: Franchise Finance

Stonebriar Commercial Finance announced the closing of an $11 million term loan supporting the acquisition of nine franchised Quick Service Restaurants (QSR). The acquisition features a seasoned and highly profitable group of stores with core market locations. SCF approved the transaction in seven days and closed in 25 days.

Greg Burns, Stonebriar Managing Director, stated, “With our flexible capital and experienced team, we were able to provide a timely capital solution for this restaurant acquisition. The stores’ proven cash flows, core market locations, strong brand and the franchisee’s multi-concept expertise make this a compelling transaction. We look forward to cultivating our relationships with both the franchisee and franchisor, and will continue to seek out strong franchise finance opportunities.”

Jeff McCoy, Stonebriar Vice President of Credit, added, “We’re excited to have supported the franchisee and fast-growing franchisor to deliver this acquisition financing on an expedited basis. The speed of the approval and closing processes reflects both Stonebriar’s deep experience in the asset class and our responsiveness as a source of independent, non-regulated capital.”

Stonebriar, an Eldridge business based in Plano, TX, is a provider of financing solutions for businesses in a wide variety of industries, of various sizes and credit profiles. Stonebriar leases and finances assets located primarily in North America and select other jurisdictions worldwide currently through 5 distinct platforms—General Equipment, Aviation Capital, Rail Leasing, Real Estate and Sponsor Finance.

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