Subway franchisee receives funding to expand, remodel

March 20, 2012

GE Capital, Franchise Finance provided $4.5 million to KK Group of Companies, a Subway franchisee.

The financing includes a $3.5 million term loan to refinance existing debt and a $1 million development line of credit to fund the acquisition of one new store and for the remodeling and reimaging of four existing units.

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

"We chose GE Capital for its industry knowledge and flexibility," said Bharat Aggarwal, owner, KK Group of Companies. "They were continuously striving to ensure our satisfaction, and it resulted in a successful transaction."

KK Group of Companies is based in Houston and operates 50 Subway restaurants throughout Texas and New York.

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Topics: Financing and capital improvements , Franchising & Growth , Operations Management , Restaurant Design / Layout

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