News

Jack in the Box franchisee to add El Pollo Loco, Corner Bakery to roster

November 12, 2014

GE Capital's Franchise Finance business has provided a $95 million senior credit facility to JIB Management Inc., the largest domestic Jack in the Box franchisee. According to a news release, JIB will use the funds to refinance existing debt and to acquire and develop new El Pollo Loco and Corner Bakery Café locations.

JIB is eyeing the San Antonio and Houston markets for El Pollo Loco, and Las Vegas and Seattle for Corner Bakery.

The franchisee's portfolio includes 221 Jack in the Box restaurants, as well as 35 Denny's restaurants and six Sizzler units.

"I'm grateful to GE Capital for helping finance my company's expansion into two new brands to further diversify our operations," JIB Founder Anil Yadav said in the release. "Working with an experienced lender means I have a financial resource that really understands my business."

GE Capital has had a relationship with JIB since 2003.