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GE Capital provides financing for Wendy's franchisee's growth

January 9, 2012

GE Capital, Franchise Finance recently provided $11.9 million to BalRod Enterprises Inc., a Wendy's franchisee based out of Hialeah, Fla.

The facility is being used to refinance and consolidate existing debt and to purchase real estate. Mike Mitchell, vice president of GE Capital, Franchise Finance, said purchase options on two locations have been fully funded.

"We have long ties to GE Capital," said partners Eddie Rodriguez and Sergio Balsinde, BalRod Enterprises Inc., in a joint statement. "Their flexibility along with their industry expertise are key factors in helping us as we continue to grow."

A portion of the funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.

BalRod Enterprises was established in 1993 and, in conjunction with its affiliates, owns and operates 17 Wendy's units throughout the Miami and Orlando markets.

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