Industry News | May 3, 2012
United Capital Refinances Debt for Multi-Unit Popeyes Owners
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United Capital Business Lending, a national business lender specializing in franchise finance, announced today that it provided $700,000 in financing to Popeyes owner, Jivan Foods, LLC.
United Capital also refinanced three existing locations for the Texas based franchisee. In addition, United Capital provided a California based 17-unit Popeyes owner $2.4 million to refinance debt and reimage several locations.
The Popeyes Louisiana Kitchen chain recently designated United Capital as one of its lending partners for the franchisor’s 2012 reimaging initiative. United Capital has allocated $42 million to qualified multi-unit Popeyes franchisees to refinance debt, acquire existing restaurants, develop new locations, and reimage stores.
“United Capital is pleased to partner with the Popeyes organization,” says Andrew Jones, vice president and business development officer for United Capital. “Our lending programs provide Popeyes franchisees with creative financing solutions to fuel their growth.”
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