Hardee’s Franchisee To Acquire Atlanta Locations

QSR.web:

Hardee’s and Carl’s Jr. franchisee Biscuits and Burgers LLC has secured $8.5 million in funding from Scottsdale, Ariz.-based GE Capital Solutions, Franchise Finance for the acquisition of 19 Hardee’s locations in the Atlanta area, as well as a $2 million development line of credit.

To accelerate the financing process, GE Capital Solutions employed a tactic called deal-teaming where underwriting and closing occur simultaneously. The deal was completed in about 45 days.