Industry News | January 4, 2011
Burger King Franchisee Finds Funding for Three New Stores
United Capital Business Lending, a subsidiary of BankUnited, announced that it is providing $1.2 million in financing to multiunit Burger King Franchise BMT of KentuckyInc. to acquire three Burger King restaurants in the greater Lexington area. With the new locations, BMT of Kentucky will own and operate 11 Burger King restaurants.
Formerly Butler Capital, United Capital Business Lending is the result of the recent acquisition of Butler Capital’s small-business lending operations by BankUnited, the largest bank in Florida with $11 billion in assets. The newly formed United Capital Business Lending brings the staff and franchise industry expertise of Butler Capital together with the financial strength of BankUnited.
“As a subsidiary of BankUnited, one of the strongest banks in the country, United Capital is able to offer significant advantages to Burger King franchisors and franchisee clients,” says Bernard Lajeunesse, president of United Capital. “We have the ability to fund much larger transactions with more competitive pricing. And, with Butler’s experienced staff, Burger King franchisors and its franchisee clients can expect the same fast service and franchise financing expertise.”
The United Capital team has financed franchisees for Burger King, Subway, Dunkin’ Donuts, Taco Bell, KFC, Pizza Hut, Checkers, Arby’s, Buffalo Wild Wings, Papa Johns Pizza, and Five Guys Burgers and Fries, among others.
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