TSL Express Daily News
The Secured Lender
SFNet's 80th Annual Convention Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
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Potential Impacts of Blockchain on Commercial Lending
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
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Selecting a Technology Vendor: 3 Questions to Ask
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Why Back-Office Lending Automation Enhances Customer Satisfaction
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The Lost Art of the Loan Purchase
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Audit Prep: Why a Paperless Approach Makes Sense
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
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Paper Loan Files: Does Your Bank Know the True Cost?
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November 12, 2024
Source: Cedar Croft Consulting Inc.
NEW YORK (Nov. 5, 2024) – Cedar Croft Consulting Inc., a leading turnaround management and financial advisory firm in North America, has acted as a financial advisor for Ted's Hot Dogs' recent senior debt refinancing.
Ted’s Hot Dogs, a beloved restaurant chain since 1927, is based in Buffalo, New York. It is famous for its charcoal-broiled hot dogs and traditional American cuisine. Today, nearly a century after establishing the first store, the family-owned and operated business has grown to nine locations across Western New York, a Charcoal Chariot Food Truck, and a store in Tempe, Arizona.
Cedar Croft Consulting worked closely with Ted’s Hot Dogs management team to assess financing options and negotiate favorable terms with lenders. The refinancing was designed to enhance Ted’s liquidity and financial flexibility, supporting the company’s growth and operational needs.