The Philadelphia Business Journal reported on August 6th about a recently filed federal lawsuit in which a lender is suing over an $18.3 million debt secured by a regional franchisee’s 41 Qdoba restaurants. One of the locations listed in the lawsuit is at the Plymouth Square Shopping Center in Conshohocken (Plymouth Township). It opened at Plymouth Square in 2015. The lender is Bank Midwest, and the franchisee is Integritty Group.

From the article:

Bank Midwest filed a complaint against Integritty Group’s Qdoba franchise entities in U.S. District Court for the Eastern District of Pennsylvania on Aug. 6. The bank claims the Langhorne-headquartered company, also known as TIG, defaulted on a $20 million loan agreement executed in April 2025.

Bank Midwest also alleges that TIG hid a “serious liquidity problem” from the lender and entered into a deal to terminate its franchise agreement with Qdoba and sell the restaurants it operates without notifying the bank, putting the loan collateral at risk.

Kansas City, Missouri-based Bank Midwest, a division of Colorado’s National Bank Holdings, is looking to recoup the roughly $18 million balance of the loan, $170,000 in unpaid interest and more than $75,000 in additional fees, according to the complaint. The bank is asking the court to appoint a receiver to take over management of TIG’s restaurants and eventually sell its assets.

You can read the full article here.

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