Industry News | April 14, 2009

U.S. Bank Offers McDonald's Franchisees Its Own Lending Program

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U.S. Bank has announced a new lending program featuring financial products and solutions for McDonald’s U.S. franchisees. The program will be available to McDonald’s U.S. franchisees in mid-April, and financing options will be available for purposes such as restaurant acquisitions, rebuilds and relocations, equipment purchases and restaurant improvements.

“We’re pleased to offer this special franchise lending program to McDonald’s restaurant Owner/Operators,” says Rick Hartnack, vice chairman of consumer banking at U.S. Bank.

U.S. Bank’s franchise lending program is available to McDonald’s U.S. franchisees in the 24-state region where U.S. Bank operates branches, including Arizona, Arkansas, California, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nebraska, Nevada, North Dakota, Ohio, Oregon, South Dakota, Tennessee, Utah, Washington, Wisconsin, and Wyoming.

In addition to loans and lines of credit, U.S. Bank provides a full range of products and services to small business owners, including checking and savings accounts, payroll services, credit cards, investments, cash management products, and payment services.

U.S. Bancorp (NYSE: USB - News), with $266 billion in assets, is the parent company of U.S. Bank, the 6th-largest commercial bank in the U.S. The company operates 2,791 banking offices and 5,164 ATMs in 24 states, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions.