United Capital Business Lending, a subsidiary of BankUnited, announced today that it is providing $2,000,000 in financing to Dunkin’ Donuts owner, Raguveer, LLC.
United Capital is funding a multi-unit development line for future expansion and will also refinance some of the Maryland-based operator’s existing Dunkin’ Donuts stores.
“United Capital is committed to working closely with Dunkin’ Donuts franchisees to provide financing for new store development, acquisitions, remodels and debt refinancing,” says Trey Grimm, Vice President and Business Development Officer for United Capital.
“We’re proud to play a part in the growth of the Dunkin’ brand.”
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 Dunkin’ Donuts, the United Capital team has financed franchisees for Subway, Burger King, Wendy’s, Denny’s, Jiffy Lube, Five Guys Burgers and Fries, and Jimmy John’s Gourmet Sandwiches among others.