First Franchise Capital® Names New Director of Underwriting
April 23, 2019 (Indianapolis, Ind.) – First Franchise Capital (www.firstfranchisecapital.com), a First Financial Bank company that provides commercial financing to franchise restaurant owners, recently announced that Bruce Hostetler will be assuming the role of Director of Underwriting. Hostetler will be replacing Alan Paterson, who is retiring later this month.
“Alan has been with First Financial Bank since June of 2005 and First Franchise Capital since February 2011,” stated Bill Nicholson, Executive Director of Sales. “He has made important contributions to the success of both companies.”
Paterson’s philosophy that the franchise restaurant industry is one of the few remaining true meritocracies in the country rings true. “An individual with the ability to learn and a willingness to work can rise from entry level employment to the ownership of an entire network of stores in his or her chosen brand,” explained Paterson. “I will miss speaking with our clients and prospects and hearing the stories of their personal journeys to success the most. They are always interesting and often truly inspiring.”
“While we will miss Alan, we are excited to have Bruce Hostetler in his expanded role on the First Franchise Capital team” expressed Nicholson, “We are confident that Bruce’s 30 years of experience in commercial banking collaborating with small to middle-market size business owners will allow us to keep moving forward with continuity after Alan’s retirement.”
With loan structures tailored to the growth plans of the operator, First Franchise Capital provides ongoing sources of capital up to $30 million for acquisitions, remodels, new store development, real estate and more. First Franchise Capital is a financial partner to franchise restaurant owners to not only fund their current needs, but also as they continue to strategically expand and evolve their businesses in the future.
About First Franchise Capital
Indianapolis-based First Franchise Capital (firstfranchisecapital.com), a First Financial Bank company, provides commercial financing for restaurant franchisees. First Franchise Capital utilizes industry knowledge, proprietary technology and passion to deliver top-quality service and capital products to franchise restaurant owners nationwide.