GE Capital, Franchise Finance recently provided a $7.1 million credit facility to Hishmeh Enterprises, a Domino’s Pizza franchisee. The funding includes a $5.6 million term loan to refinance existing debt and a $1.5 million development line of credit for growth capital. The financing was provided through GE Capital’s bank affiliate, GE Capital Bank.
“We chose GE Capital because of their industry expertise,” explained Sam Hishmeh, president, Hishmeh Enterprises. “In addition, their responsiveness and ability to provide additional capital to help us grow will bring us back as we continue our growth.”
Founded in 1988 in Ventura, California, Hishmeh Enterprises currently owns and operates 27 Domino’s Pizza restaurants throughout Southern California.
“We have extensive experience working with the Domino’s brand and enjoy working with new Domino’s operators,” said Jon Rinaldi, vice president, GE Capital, Franchise Finance. “We look forward to working with Hishmeh Enterprises again in the future.”
Founded in 1960, Domino's Pizza is a recognized world leader in pizza delivery with more than 9,000 stores in more than 60 markets around the world. The Domino’s brand has been ranked number one in America’s Top Global Franchises in the pizza category and number three overall by Entrepreneur magazine.
About GE Capital, Franchise Finance
GE Capital, Franchise Finance (gefranchisefinance.com) is a leading lender for the franchise finance market via direct sales and portfolio acquisition. With more than 30 years of experience and $10 billion in served assets, we serve over 3,000 customers and over 18,000 property locations. We specialize in financing mid-market operators with multiple stores in the restaurant and hospitality industries. Our team of industry experts will work with you to help develop your own growth plan with access to our proprietary industry research and customized tools.
Molli Megasko - Arment Dietrich, Inc.
P: (312) 787-7249 - E: mmegasko[.]armentdietrich.com.