The Business Journal reports that Applebee's International Inc. and Capital Growth Advisors LLC will allow Applebee's franchisees to access a $250 million line of financing to open new stores. Applebee's sought a financing relationship for its franchisees based on its belief that consolidations in the financial industry are reducing the resources available to franchisees by reducing the number of institutions willilng to lend money to fund new franchises.
Posted by franchiselawblog at October 15, 2004 12:24 PM