Capital's Franchise Finance business announced today that it has provided Guerrieri Management, Inc. (GMI) with a $6.8 million credit facility. The company currently operates 12 Taco Bell restaurants in the Tampa-Clearwater area, according to a statement released by the company.
Gordon Guerrieri, company president, originally engaged franchise financial advisors MarshallMorgan, LLC, who suggested GE Capital. MarshallMorgan later worked with GE Capital to find the best financial structure for the borrower's future growth and goals. GMI used the bulk of the funds to refinance current debt, including debt related to one newly opened Taco Bell location.
"When I started looking to expand, I was impressed by GE Capital's understanding of the development process," said Gordon Guerrieri, company president. "That, combined with their creativity and fast execution, gave me what I need to grow my business."
GE Capital is one of the world's largest providers of credit and expertise. For more than 1 million businesses, GE Capital provides financing to purchase, lease and distribute equipment, as well as capital for real estate and corporate acquisitions, refinancings and restructurings. GE Capital is a leader in a number of industries, from airlines, healthcare and energy financing to fleet, franchise and middle market corporate finance.
