Multi-Unit Carl's Jr. Operator Secures Loan for Remodeling & Growth
Company Added
Company Removed
Apply to Request List

Multi-Unit Carl's Jr. Operator Secures Loan for Remodeling & Growth

Multi-Unit Carl's Jr. Operator Secures Loan for Remodeling & Growth

Friendly Franchisees is one of the largest Carl's Jr. franchise operators in the country with more than 70 locations throughout the Los Angeles and San Francisco markets. Last week the La Paloma, California-based company inked a deal with CIT Group's Franchise Finance team for a $25 million loan to "support restaurant remodeling, debt refinance, other corporate purposes," according to a statement issued by the finance company.

"We were pleased with the expertise and flexibility that CIT demonstrated as we worked to successfully close this financing agreement," said Harshad Dharod, founder and president of Friendly Franchisees. "CIT's deep knowledge of the franchise industry was a valuable asset throughout the process."

Dharod is a longtime franchisee with more than 34 years of experience in the restaurant industry.

"We are proud to work with a successful organization like Friendly Franchisees to provide the financing they need to continue to grow and prosper," said Michael Vallorosi, managing director of the Franchise Finance business. "Franchisees frequently turn to CIT for the financial solutions that help their businesses remodel, expand or grow through acquisition."

Published: May 30th, 2018

Share this Feature

Movita Juice Bar
SPONSORED CONTENT
Movita Juice Bar
SPONSORED CONTENT
Movita Juice Bar
SPONSORED CONTENT

Recommended Reading:

Comments:

comments powered by Disqus
The Human Bean
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

Jamba®
ADVERTISE SPONSORED CONTENT
Conferences
Caesar's Forum, Las Vegas
MAR 25-28TH, 2025

Bad Ass Coffee of Hawaii brings an unforgettable brand, premium coffee products, and a proven business model to a booming coffee scene. We want...
Cash Required:
$200,000
Request Info
With a passion for creating happy 'Human Beans', the company's drive-thrus have established a reputation for friendly baristas, high-quality coffee,...
Cash Required:
$200,000
Request Info

Share This Page

Subscribe to our Newsletters