United Capital Business Lending, a national business lender specializing in franchised restaurant finance, announced today that it will allocate $42 million to qualified, multi-unit Popeyes franchisees in 2012. The Popeyes Louisiana Kitchen chain recently designated United Capital as one of its lending partners for the franchisor’s 2012 reimaging initiative.
Qualified Popeyes operators may borrow from United Capital to refinance debt, acquire existing restaurants, develop new locations or reimage stores. Financing for these needs is typically structured as fixed rate loans ranging from $250,000 to $5 million or more, with terms up to ten years.
The decision to increase the available funding to Popeyes franchisees was based on United Capital’s 2012 business strategy to support experienced, multi-unit owners within franchise concepts showing consistent performance. “United Capital is proud to be a part of Popeyes growth,” says Andrew Jones, Vice President and Business Development Officer at United Capital. “Popeyes is the world’s second largest quick-service chicken concept, so it’s fitting that we focus our dollars to supporting a winning organization.”
United Capital Business Lending is a subsidiary of BankUnited (NYSE: BKU), the largest bank in Florida with over $12 billion in assets.
In addition to Popeyes, the United Capital team has financed franchisees for Five Guys Burgers and Fries, SUBWAY, Burger King, Dunkin’ Donuts, Denny’s and Buffalo Wild Wings, among others.
For information about financing for franchise acquisition, new restaurant development, equipment, remodeling or refinancing, call United Capital at 866-218-4793 or visit the company’s website at www.unitedcapitalbusinesslending.com.