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Two Melting Pot locations close after loan defaults

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Kyle B. Hansen

The Melting Pot restaurant on Eastern Avenue closed Tuesday after defaulting on equipment loans.

Published Tue, Jun 9, 2009 (12:38 p.m.)

Updated Wed, Jun 10, 2009 (10:01 a.m.)

Two Las Vegas-area Melting Pot restaurants have closed after defaulting on equipment loans.

The restaurants were in Silverado at 8955 S. Eastern Ave. at Pebble Road; and in western Las Vegas at 8704 W. Charleston Blvd., near Rampart Boulevard.

A spokeswoman at the Tampa, Fla., headquarters of Melting Pot, which franchises the concept around the country, on Wednesday said the company hopes to line up a new franchisee for Las Vegas soon.

The company says there are 142 restaurants in 37 states. They offer a fondue-based interactive dining experience.

Clark County District Court records show a company associated with the two Las Vegas-area locations, Sierra Fondue LLC, was sued over past-due loans last year by General Electric Capital Business Asset Funding Corporation of Connecticut and CEF Funding V LLC.

Court records indicate Sierra Fondue didn't respond to the complaint and a court order was granted giving the lenders the authority to seize equipment, furniture and fixtures securing the loans.

The lenders said that as of September, $268,000 was due on the West Charleston loan, dating to 2003; and $692,000 was due on the Eastern Avenue loan issued in 2006.

On its Web site, the Melting Pot said of these locations: "It is with great sadness that we announce that this location has closed for business. We are very optimistic about future development in the Las Vegas area and look forward to being able to serve you fondue there again soon.''

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