United Capital Finances Acquisition of 12 Papa John’s® restaurants
United Capital Business Lending, a national business lender specializing in franchise finance, announced today that it provided $2,200,000 in financing to PJ’s East, L.P. to acquire 12 Papa John’s® Pizza locations in the Los Angeles area. The California based franchisee also owns Del Taco® and Denny’s® restaurants.
“Despite intense competition, Papa John’s® remains a leader among the national pizza chains,” says William Johnson, senior vice president of sales and business development for United Capital. “United Capital is committed to supporting Papa John’s® franchisees with loans for new store development, acquisitions and debt refinancing.”
United Capital Business Lending is a subsidiary of BankUnited (NYSE: BKU), the largest bank headquartered in Florida with over $12 billion in assets.
In addition to Papa John’s® Pizza, the United Capital team has financed franchisees for Subway®, Denny’s®, Dunkin’ Donuts®, Popeyes® and Buffalo Wild Wings® among others.
For information about financing for franchise acquisition, new unit development, remodeling or debt refinancing, call United Capital at 866-218-4793 or visit the company’s website at www.unitedcapitalbusinesslending.com.