Papa Bello Enterprises secures $20M in financing

 
March 28, 2012

Papa Bello Enterprises, parent company of Papa Bello Pizza, Kebab Café, Royal India Express and Pastore's Italian Bistro, has received $20,000,000 in financing from AGS Capital Group LLC.

The money will be used for reserve equity financing.

"REF is an innovative, inexpensive and flexible financing strategy that places Papa Bello Enterprises in control of how and when it raises equity, minimizing any potential dilution or disruption to its capital structure," said Allen Silberstein, CEO of AGS Capital Group LLC.

Jim Wheeler, CEO of Papa Bello Enterprises, said the added resources offer the company more financial flexibility for growth.

Papa Bello Enterprises was founded in 2005, and is based in Corona, Calif.

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Topics: Financial Management , Financing and capital improvements , Franchising & Growth , Operations Management


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