GE Capital, Franchise Finance Provides $74 Million to Team Schostak Family Restaurants

| November 7, 2012 | 0 Comments

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–

GE Capital, Franchise Finance recently provided a $74 million loan to
Team Schostak Family Restaurants, an Applebee’s International, Inc. and
Burger King® franchisee. The financing will be used to fund
the acquisition of 65 new Applebee’s units.

“GE Capital, Franchise Finance proved to be a great choice for us,” says
Mark Schostak, executive chairman, Team Schostak Family Restaurants.
“They continuously strive to ensure our satisfaction, and it resulted in
a successful transaction.”

Headquartered in Livonia, Mich., Team Schostak Family Restaurants
operate 62 Burger King® restaurants, 65 Applebee’s Neighborhood Bar and
Grills, and three Del Taco restaurants.

“We are thrilled to have the opportunity to work with Team Schostak
Family Restaurants,” says Dave Alexander, vice president, GE Capital,
Franchise Finance. “With our industry expertise, we were able to
underwrite and commit to the entire credit facility under tight
deadlines, which allowed for a more streamlined process for Mark and his
team.”

Applebee’s is the world’s largest casual dining chain with approximately
2,000 locations in 49 states, 16 countries, and one U.S. territory.

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 $10 billion in served assets, we serve
over 3,000 customers and over 18,000 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 your own growth plan with access to our proprietary
industry research and customized tools. More information is available at www.gefranchisefinance.com.

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