Popeyes franchisee receives funding to expand

Popeyes franchisee receives funding to expand
Tags: Chicken, Financing and capital improvements, Franchising & Growth, Operations Management
March 23, 2012

GE Capital, Franchise Finance has provided a $30 million credit facility to Shelton Restaurant Group LLC, a Popeyes Louisiana Kitchen franchisee, to help with the acquisition of 29 additional units in the Lafayette, La., area.

The funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.

"We chose to work with GE Capital because of their industry knowledge and ability to execute on large transactions," said Mike Shelton, president, Shelton Restaurant Group LLC. "We are excited about this acquisition and GE Capital helped make it possible."

The acquisition will boost Alexandria, La.-based Shelton Restaurant Group's Popeyes portfolio to 30 restaurants throughout Louisiana and Texas.

Features

News

Blogs

User Comments

Photo Gallery

» View More Photos

Products & Services

» View More Products

	Retail Customer Experience Executive Summit August 13-14, 2013 \| San Diego
	ATM & Mobile Summit – The Future Of Payments September 25-26, 2013 \| Washington, DC
	Fast Casual Executive Summit October 13-15, 2013 \| New Orleans
	View Full Events Calendar