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GE Capital tightens reins amid credit crunch

GE Capital tightens reins amid credit crunch

Restaurant financing has slowed to a trickle as lenders re-evaluate loan portfolios amid the financial uncertainty roiling the economy.

Most notably, GE Capital Solutions, Franchise Finance, which is the largest lender in the restaurant space in terms of both assets and clients, said it would be “much more selective” and defer rate quotes on new franchise finance deals for the near term, a move that sources say could have a dramatic impact on the industry’s growth plans.

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