Ovation Payroll, one of our many active sponsor organizations, has advised us that the Department of Labor (DOL) published final regulations requiring certain retirement plan service providers to furnish fee-related information to the plan administrators of the defined benefit and/or defined contribution plans with the organizations with which they contract (the service-provider rules). In conjunction…
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Lisa van der Pool of the Boston Business Journal reports that Dunkin’ Brands(DNKN) is brewing a cup of holiday cheer for a pair of private equity investors at Boston’s Bain Capital. Bain managing directors Andrew Balson and Mark Nunnelly are among a selkect group of executives, former executives and directors who are free to sell shares they personally hold in the company as of Wednesday – about two months ahead of scheduled end of a lock-up period on such sales.
Read More »QSR reports that an innovative lending model that leverages the assets of a franchisor might be the answer to operators’ woes in this post-recession climate.
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McLean, Virginia (PRESS RELEASE – February 19, 2011) – Starting February 28, 2011, the U.S. Small Business Administration’s (SBA) 504 loan program will begin accepting applications for refinancing of existing qualified real estate debt for small business owners who are facing impending balloon payments before December 31, 2012. In a recent press release, SBA Administrator…
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GE Capital, Franchise Finance a DDIFO Sponsor, provides $5.8 million in financing to Dunkin’ Donuts franchisee, First Cup, LLC. The facility includes a $4.1 million term loan and a $1.7 million development line of credit, which together will refinance existing debt and provide capital for restaurant expansion. Funding was provided through GE Capital, Franchise Finance’s bank affiliate, GE Capital Financial Inc.
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The authors are a columnist and a guest columnist at Reuters. The opinions expressed are their own. By Lisa Lee and Timothy Sifert
Read More »Kent Hoover reports at Portfolio.com that as President Obama he signed a hard-fought small-business lending measure into law, he said it is the “most significant step” to help small firms in more than a decade. President Barack Obama signed the Small Business Jobs Act into law, calling it “the most significant step on behalf of our small businesses in more than a decade.”
Read More »The private equity business is one of a handful of segments of the financial markets that isn’t emerging as a major focus for reform among Washington policymakers. True, there has been some discussion about taxing the industry’s profits at a higher rate, which is moving forward in the House in a proposal by Senator Carl Levin and Senator Max Baucus. But compared with the historic bank regulation that the Senate passed on Thursday, private equity funds and their managers have escaped the populist storm relatively unscathed, even if they will spend much of the next five years trying to refinance hundreds of billions of dollars of debt in a more difficult environment.
Read More »Emily Maltby reports in the Wall Street Journal that Arthur Romanov and Irina Salgan opened their sixth Edible Arrangements fruit-basket shop recently to take advantage of low real-estate prices and easy-to-negotiate contractor bids.
Read More »CNN Money.com reports that a new player is charging into the arid landscape of banks willing to lend to franchise operators. Bancorp Bank, based in Wilmington, Del., said this week that it will launch a new program specifically targeting startup and expanding franchises.
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