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GE Capital to finance Blast 825° expansion

Scottsdale, Arizona-based GE Capital’s Franchise Finance business announced a $7.6 million term loan and $2.0 million revolving credit facility provided to Milano Restaurants International Corp.

January 15, 2015

Scottsdale, Arizona-based GE Capital’s Franchise Finance business announced a $7.6 million term loan and $2.0 million revolving credit facility provided to Milano Restaurants International Corp.

Milano intends to use the funds to develop its new fast-casual pizza concept Blast 825°.  

Milano’s first Blast 825° unit opened in 2013. Among four locations and two more in development in California, the concept features a fast-fired pizza format that allows customers to build personal 11-inch pizzas. The pizza is then cooked in an 825° oven with choices ranging from 40 toppings, four sauces and three types of hand-stretched dough.

The Fresno, California-based Milano’s owns, operates and franchises seven concepts, including Blast 825° and its largest concept, Me-n-Ed’s Pizzeria. Founded in 1958, it has 33 company-owned units and 20 franchised units.