News

Balboa Capital named preferred lender for McAlister's

March 3, 2014

McAlister's Deli has named Balboa Capital as a preferred lender for franchisees, who require financing for furniture, fixtures and equipment, lease-hold improvements and reimaging/remodeling efforts, Jeff Sturgis, McAlister's CDO, said in a company press release.

"We are excited to partner with Balboa Capital and are pleased that they recognize the strength of the McAlister's brand and business model," he said. "Securing relationships with companies like Balboa Capital is a part of our overall strategy to attract and encourage both new and existing franchise partners to develop McAlister's restaurants."

This is the 10th franchise financing partnership that Balboa Capital has secured during the past year. The company works with some of the largest franchise concepts in the quick-service restaurant, hotel and hospitality, automotive, and retail industries, according to the release.