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Customer success story: Hudson Bread

It’s a classic American success story: A European immigrant impressed upscale hotels and restaurants with his Old World recipes. Over the next 15 years, Hudson Bread became the premier supplier of artisanal baked goods in the Northeast. Financing from GE Capital helped him rise to the top.

The proof is in the bread

When Mark Kolodziej opened a small commercial bakery in New York City in 1994, his baguettes and focaccias quickly impressed the likes of the famed ‘21 Club.’ In 2003, he had grown enough to transfer production to a 50,000 square foot facility in North Bergen, N.J. Later, he opened a second one to penetrate the Philadelphia market.

When Mark’s growing business required new equipment, GE Capital brought more than money to the table. We put our structuring expertise to work so Hudson Bread was able to preserve its local banking relationship and, along with it, its working capital line of credit. Lending against Hudson Bread’s fixed assets, GE Capital provided $1.5 million in true lease equipment financing to help the company to continue to grow.
As Mark considers the location of his next expansion, GE Capital is standing by.

Enriching American businesses

GE Capital’s in-depth knowledge of the food, beverage and agribusiness industry means we’re ready to help clients navigate the next business cycle. Over the past 25 years, we’ve committed more than $19 billion across the value chain.
Our experience has shown us the best ways to value assets which, in turn, allows us to make substantial financing commitments. We offer a range of solutions from equipment leasing and fleet services to real estate and inventory financing to tax-exempt financings to help drive cost efficiencies and top-line growth. Because we only succeed when our customers succeed.

Highlights

     • Hudson Bread began in 1994 as a small commercial bakery in New York City but it’s become the premier supplier of artisanal baked goods in the Northeast.
• In 2008, GE Capital provided $1.5 million in true lease financing to help the company acquire
new equipment.
        • Hudson was able to preserve its regional banking relationship while obtaining a loan collateralized by fixed assets, including equipment and real estate.