Both Melting Pot Restaurants Closed in Las Vegas

The two Las Vegas-area Melting Pot restaurants have been closed after defaulting on equipment loans. The Las Vegas Sun reports that court records show a company associated with the two Las Vegas-area locations, Sierra Fondue LLC, was sued over past-due loans from last year by GE Capital Business Asset Funding Corporation and CEF Funding V LLC. The lenders noted that as of September 2008, $268,000 was due on the West Charleston loan, dating to 2003; and $692,000 was due on the Eastern Avenue loan which was made in 2006. The Melting Pot restaurants were part of a chain of restaurants focused on the Swiss tradition of fondue cooking.

John Laub is the President of the CEO-CFO Group.

1. "Two Melting Pot Locations Close After Loan Defaults." Steve Green. The Las Vegas Sun. June 9, 2009.