News

Wendy's franchisee receives funding for partner buyout

February 23, 2012

GE Capital, Franchise Finance recently provided a $2.675 million term loan to QSC Restaurants Inc., a Wendy's franchisee, for a partner buyout. The funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.

"This buyout was a big step that was two years in the making, and we needed a responsive and reliable lender to help us," says Laryl Laetsch, chief financial officer, QSC Restaurants, Inc. "GE Capital proved to be very responsive to our needs and we are very pleased with the execution of this transaction."

QSC Restaurants, in Fort Collins, Colo., was established in 1987. It currently owns and operates six Wendy's units throughout the Fort Collins area.

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