United Capital Refinances Debt, Funds New Store Development for Two Firehouse Subs® Operators
United Capital Business Lending, a national business lender specializing in franchise finance, announced today that it provided $2,050,000 in financing to the largest Firehouse Subs® franchisee, DKSS Subs, LLC. United Capital refinanced 12 existing locations for the Florida based operator and will provide funding to open two additional restaurants.
In a separate transaction, United Capital established a development line of $900,000 for Firehouse Subs® franchisee Impact FHS Restaurants II, LLC, allowing the operator to open three new restaurants. With the additional locations, the Florida based franchisee will own and operate nine Firehouse Subs® restaurants.
“United Capital recognizes the strong performance and growth of the Firehouse Subs® system,” says Andrew Jones, vice president and business development officer for United Capital. “We are committed to working closely with Firehouse Subs® franchisees to provide financing for new store development, acquisitions, remodels 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 Firehouse Subs®, the United Capital team has financed franchisees for Subway®, Popeyes®, Denny’s®, Dunkin’ Donuts® and Five Guys® Burgers and Fries among others.
For information about financing for franchise acquisition, new unit development, reimaging or debt refinancing, call United Capital at 866-218-4793 or visit the company’s website at www.unitedcapitalbusinesslending.com.