In Brief: Franchise Lender Gives $99M Credit to Chain

Franchise Finance Corp. of America said it had made $98.8 million of mortgage, equipment, and construction loans to subsidiaries of Swifty Serve Corp., a convenience store chain.

The lender also committed $16 million to fund the renovation of stores operated by the Durham, N.C., company.

Morton H. Fleischer, chairman of Franchise Finance, said his company had previously supplied Swifty Serve $60 million of capital over two years.

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