GE Capital Franchise Finance has provided $15.3 million in financing to Paradigm Investment Group LLC, a large Hardee's franchisee. The credit facility includes a $10.3 million term loan and a $5 million development line of credit.
Paradigm, based in San Diego, Calif., currently operates 88 Hardee's units in four states, including Alabama, Florida, Mississippi and Tennessee. The group was founded in 1999.
"GE Capital has been our lender for the past 10 years, which reflects the value they have brought to the growth of our business," says Brian Kelley, CFO and partner, Paradigm Investment Group LLC. "We appreciate our long history of working together, and look forward to building on this relationship as we continue to grow."
Established in 1961, Hardee's operates or franchises more than 1,900 quick-service burger restaurants in 30 U.S. states and nine countries. Hardee's is a wholly-owned subsidiary of CKE Restaurants Inc.
