United Capital Business Lending, a subsidiary of BankUnited, announced that it is providing $1 million in financing to Five Guys Burgers and Fries owner, Franchise Kings, LLC.
United Capital refinanced two existing stores for the New Jersey-based franchisee and will also provide funding to open one additional Five Guys location. With the new site, Franchise Kings, LLC will own and operate five Five Guys restaurants.
United Capital Business Lending, which recently acquired the small business lending operations of Butler Capital, is a subsidiary of BankUnited, the largest bank in Florida with more than $11 billion in assets. The newly formed United Capital Business Lending now brings the prior experience of Butler Capital together with the financial strength of BankUnited.
“The United Capital team is excited to be a part of the Five Guys franchise’s continued growth and success,” says Trey Grimm, business development officer for United Capital. “With the solid financial resources of our parent company BankUnited, United Capital has the ability to fund franchisees’ new restaurant development and to refinance existing locations with very competitive pricing.”
In addition to Five Guys, the United Capital team has financed franchisees for Burger King, Subway, Dunkin’ Donuts, Taco Bell, Checkers, Denny’s, Wing Stop, Jimmy John’s, and Buffalo Wild Wings, among others.