Industry News | July 24, 2012
UCBL Refinances Debt for Firehouse Subs Operator
United Capital Business Lending, a national business lender specializing in franchise finance, announced today that it provided $2.05 million 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, the largest bank headquartered in Florida with more than $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.
Food & Beverage
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