GE Capital, Franchise Finance recently provided a multi-million dollar credit facility to Taco Bill, Inc., whose owners, William Mullin and Christopher Walsh, operate multiple Taco Bell franchise units in California and Maryland. The loan helps Taco Bill acquire seven new units throughout the Baltimore area. Funding was provided through GE Capital, Franchise Finance's bank affiliate, GE Capital Financial, Inc.
“As leaders in franchise finance, we’re thrilled to expand our relationship with Taco Bill,” says Chris Poppe, vice president at GE Capital, Franchise Finance. “We are continuing to help them grow and we look forward to working together in the future.”
Taco Bill, based in Auburn, Calif., currently owns and operates 23 Taco Bell units, including the new acquisitions from this funding. GE Capital, Franchise Finance has a long-standing relationship with Taco Bill’s operators from past work with their affiliate company, Cross Country Ventures, who own 18 Long John Silver’s in Pennsylvania.
“We appreciate doing business with the industry leader in franchise financing because of the expertise they bring,” says Bob Volbert, chief financial officer at Taco Bill, Inc. “While already working with our 10 units in Baltimore, GE Capital was a willing participant and allowed us to locally acquire an additional seven more.”
Taco Bell is a national, Mexican-style, quick service franchise with more than 80 percent of the units owned and operated by independent franchisees.
About Taco Bill, Inc.
Taco Bill, Inc. started with one Taco Bell restaurant in South Lake Tahoe, Calif. in 1979. Between Taco Bill and Cross Country Ventures, today they have 41 franchise units in their portfolio, including; Taco Bell, Long John Silver’s, KFC, and A&W.
About GE Capital, Franchise Finance
GE Capital, Franchise Finance is a leading lender for the franchise finance market via direct sales and portfolio acquisition. With over 30 years of experience and $14 billion in served assets, we serve over 3,500 customers and over 20,000 property locations. We provide financing for all your business needs. More information is available at gefranchisefinance.com or by calling 866-GET-GEFF (438-4333).
GE Capital offers consumers and businesses around the globe an array of financial products and services. GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. For more information, visit the company's Website at ge.com/.
Molli Megasko, Arment Dietrich, Inc.
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