Industry News | August 3, 2012
United Capital Finances Buyout of 12 Papa John's Stores
United Capital Business Lending, a national business lender specializing in franchise finance, announced that it provided $2.2 million in financing to PJ's East, L.P. to acquire 12 Papa John's Pizza locations in the Los Angeles area.
The California-based franchisee also owns Del Taco and Denny's restaurants.
"Despite intense competition, Papa John's remains a leader among the national pizza chains," says William Johnson, senior vice president of sales and business development for United Capital. "United Capital is committed to supporting Pap John's franchisees with loans for new store development, acquisitions, and debt refinancing."
United Capital Business Lending is a subsidiary of Bank United, the largest bank headquartered in Flordia with more than $12 billion in assets.
In addition to Papa John's Pizza, the United Capital team has financed franchisees for Subway, Denny's, Dunkin' Donuts, Popeyes, and Buffalo Wild Wings, among others.
Food & Beverage
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