Industry News | January 27, 2012
United Capital Lends $42 Million to Popeyes Franchisees
United Capital Business Lending, a national business lender specializing in franchised restaurant finance, announced today that it will allocate $42 million to qualified, multi-unit Popeyes franchisees in 2012.
The Popeyes Louisiana Kitchen chain recently designated United Capital as one of its lending partners for the franchisor’s 2012 reimaging initiative.
Qualified Popeyes operators may borrow from United Capital to refinance debt, acquire existing restaurants, develop new locations, or reimage stores. Financing for these needs is typically structured as fixed rate loans ranging from $250,000 to $5 million or more, with terms up to 10 years.
The decision to increase the available funding to Popeyes franchisees was based on United Capital’s 2012 business strategy to support experienced, multi-unit owners within franchise concepts showing consistent performance.
“United Capital is proud to be a part of Popeyes growth,” says Andrew Jones, vice president and business development officer at United Capital.
“Popeyes is the world's second largest quick-service chicken concept, so it’s fitting that we focus our dollars to supporting a winning organization.”
United Capital Business Lending is a subsidiary of BankUnited, the largest bank in Florida with more than $12 billion in assets.
In addition to Popeyes, the United Capital team has financed franchisees for Five Guys Burgers and Fries, SUBWAY, Burger King, Dunkin’ Donuts, Denny’s, and Buffalo Wild Wings, among others.
Food & Beverage
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