Six months ahead of schedule in 3.5m payments

Mon, Sep 20th 2010, 08:00 PM

By INDERIA SAUNDERS
Guardian Business Reporter
inderia@nasguard.com
Paying off a$3.5 million investment in a new restaurant/laundromat site is well ahead of target, said the owner of the well-known Checkers Cafe restaurant, with the company now six months ahead of its loan payments.
The company, said owner Gus Cartwright, was able to do that largely because of a decision to pool resources from its other locations and put it towards the debt attached to the latest site.
"When one of our companies borrow money, they all chip in and pay it back,"he toldGuardian Business."If we have stores that owe money, all other stores will chip in and pay the debt off more rapidly.
"We are now wa ...

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