Lou Malnati's leverages Chase's 'Main Street' financing program

This week, Chase launched Mission Main Street, a multimedia advertising and lending campaign that focuses on success stories from a business owner's perspective. Nominated by bankers for their unique stories, nine out of more than 4 million businesses served by...

Unique Pizza and Subs converts 96% of debt

Unique Pizza and Subs Corporation, a Delaware Corporation, has announced it has come to an agreement to convert 96 percent of all its debt into restricted, controlled stock. With this agreement, $4,933,050 worth of debt will be converted into restricted...

Private equity firm invests in Your Pie pizza franchise

Your Pie and Georgia Oak Partners have entered into a partnership in which Georgia Oak will invest substantial growth equity into the emerging pizza franchise brand. Georgia Oak's capital infusion will be used to support Your Pie's infrastructure growth and...

Praesidian Capital invests $17.4M in John's Incredible Pizza Company

Praesidian Capital, a provider of debt capital for small and mid-sized businesses, has invested $17.4 million of first lien debt to recapitalize John's Incredible Pizza Company Inc. Praesidian's investment represents 58 percent of the total $30 million deal, the balance...

Is Papa Murphy's ready to go public?

Take-and-bake chain Papa Murphy's may soon be part of the stock market. Sources told Reuters this week that the Washington-based company is "close to selecting banks" for an IPO that could come by the end of this year. Papa Murphy's has been owned by Lee Equity Partners since 2010.

Number of restaurant operators seeking capital jumps 40% since 2012

Thirty-nine percent more restaurant owners have sought capital for their businesses this year compared to last year, according to a new analysis from Capital Access Network (CAN), a provider of alternative financial products for restaurants and other Main Street businesses....

Restaurant chains capitalize on increase in SBA lending

A new report released at the start of the International Franchise Expo in New York City shows that U.S. Small Business Administration (SBA) lending to franchising increased more than 60 percent over the previous year. The report, co-authored by the...

Greenfield Farms' acquisition of Carmela's Pizzeria set for June

Greenfield Farms Food Inc. announced the closing schedule of the previously announced acquisition of Carmela's Pizzeria for June 5.

CiCi's Pizza creates program to help franchise financing

CiCi's Pizza has created an "equity partnership" with its franchisees through the launch of its 2013 Franchisee Partner Investment program. As part of the program, CiCi's created a special fund to help with franchise financing and stimulate new restaurant development....

Papa John's selects preferred lender for franchisees

Balboa Capital, a provider of franchise financing in the U.S., announced it has been named as a preferred lender for Papa John's current and prospective franchisees nationwide. Balboa Capital will provide tailored financing solutions for furniture, fixtures and equipment (FF&E),...

SKINNYPIZZA deal solidifies Manhattan presence

Long Island, N.Y.-based SKINNYPIZZA has signed an exclusive deal with Mogull Realty for multiunit expansion into Manhattan. SKINNYPIZZA is a concept that features thin and crispy pizza using no preservatives or additives. Kim Mogull, founder and CEO of Mogull Realty,...

PizzaRev gets an investment boost from Buffalo Wild Wings

PizzaRev, an artisan pizza concept based in Los Angeles, today announced that Buffalo Wild Wings has taken a minority position in its new concept. Terms of the deal were not disclosed. "The PizzaRev team is thrilled to have Buffalo Wild...

PeopleMatter receives $19M in capital funding

PeopleMatter announced it has closed a $19-million growth round of capital led by Scale Venture Partners, based in California. According to PeopleMatter CEO and president Nate DaPore, this additional capital will be used to accelerate the company's growth in sales,...

Restaurant operators optimistic about the months ahead

Driven by a more optimistic outlook among restaurant operators, the National Restaurant Association's Restaurant Performance Index (RPI) rose to its highest level in five months. The RPI — a monthly composite index that tracks the health of and outlook for the U.S.

Franchising industry shows improvement in January

The Franchise Business Index (FBI), an index of the economic health of the U.S. franchising industry, increased by 0.7 percent in January as nearly all components showed improvement.

Papa Murphy's reports record growth in 2012

Papa Murphy's Pizza's partnership with Directed Equity to provide funding for qualified franchise candidates led to the chain's record growth in 2012. "Even in this difficult lending environment, banks have an appetite for a quality brand with a high success...

OLO receives $5M in funding thanks to mobile ordering growth

OLO, a digital commerce engine for restaurants, announced a $5 million dollar Series B financing from PayPal and existing investors. The New York-based company is hiring as it aggressively scales operations for 2013. OLO allows customers to order and pay from restaurant websites and mobile apps, so that they can skip the line.

Carmela's Pizzeria plans growth after acquisition by public company

Greenfield Farms Food Inc. has signed a non-binding Letter of Intent to acquire 100 percent of the equity interest in Ohio-based Carmela's Pizzeria. Carmela's presently has three Dayton, Ohio area locations offering authentic New York style pizza.

Survey: CFOs expect growth, technology investments in 2013

A majority of the 200 U.S.-based chief financial officers and senior finance executives surveyed said they plan to invest in their companies to drive growth in 2013, and expect to achieve higher revenues and profits in the New Year. The...

Papa Murphy's plans 100-plus new stores in 2013

Papa Murphy's has received a $7.5 million facility as part of a franchise lending program created by Franchise America Finance and The Bancorp Bank. The capital provides start-up funding for franchisees entering the Papa Murphy's system, as well as expansion...

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