Sterling National Bank’s Franchise Finance Group provided a Development Line of Credit totaling $1,100,000 to Scordia Restaurant Group, Inc & Lepsco, Inc., a combined 4-unit Burger King franchisee in OH. The credit facilities will be used to support the remodel of two existing units.
The Burger King brand, founded in 1954, is the second largest fast-food chain in the world. The original “Home of the Whopper”, the brand touts a commitment to premium ingredients, signature recipes, and family-friendly dining experiences.
This transaction was originated by Lindy Baldwin, a Managing Director located in New York, NY.
*now known as Webster Bank as successor by merger.
Line of Credit
$1,100,000
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