Most operators can list every loan on their books without being able to describe an actual capital structure, because the loans arrived one at a time, the same way the stores did.
Jason Noll, who runs the retail and wholesale fuel business group at Capital One:
“But the next competitive boost comes from greater focus on the financial side, pursuing a holistic approach to create a more formal corporate capital structure.”
[Read it on Capital One’s site →]
Pull your debt schedule and count how many lenders are on it.
