Industry News | June 14, 2011
Jimmy Johns Lands $600,000 in Financing
United Capital Business Lending, a subsidiary of BankUnited, announced that it is providing $600,000 in financing to Jimmy John’s Gourmet Sandwiches owner, Quain Enterprises, LLC.
United Capital refinanced one existing store for the Florida-based franchisee and will also provide funding to open additional Jimmy John’s locations.
United Capital Business Lending, which recently acquired the small business lending operations of Butler Capital, is a subsidiary of BankUnited, the largest bank in Floridawith more than $12 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 proud to support the growth of Jimmy John’s franchisees nationwide,” says Trey Grimm, business development officer for United Capital. “As a BankUnited company, United Capital offers competitive financing for new restaurant development, acquisitions, and debt refinance.”
In addition to Jimmy John’s, the United Capital team has financed franchisees for Subway, Burger King, Dunkin’ Donuts, Taco Bell, Checkers, Denny’s, Wing Stop, Five Guys Burgers and Fries, and Buffalo Wild Wings, among others.
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