Industry News | November 10, 2011
United Capital Refinances Multi-Unit Subway Operator
United Capital Business Lending, a subsidiary of BankUnited, announced today that it is providing $1,350,000 in financing to Subwayowner, CCreations LLC. United Capital refinanced eight existing stores for the Indiana-based franchisee, and will also provide funding to relocate and remodel some newly acquired locations. CCreations LLC operates more than 30 Subway restaurants in Indiana and Kentucky.
“United Capital is pleased to support CCreations LLC and Subwayfranchisees nationwide,” says Trey Grimm, vice president and business development officer for United Capital. “We’re committed to providing Subway operators with competitive financing solutions for new store development, acquisitions, remodels, and debt refinancing.”
United Capital Business Lending, which in late 2010 acquired the small business lending operations of Butler Capital, is a subsidiary of BankUnited, the largest bank in Florida with more than $12 billion in assets. United Capital Business Lending now brings the experience of Butler Capital together with the financial strength of BankUnited.
In addition to Subway, the United Capital team has financed franchisees for Burger King, Dunkin’ Donuts, Wendy’s, Denny’s, Five Guys Burgers and Fries, and Jimmy John’s Gourmet Sandwiches.
Food & Beverage
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