United Capital Business Lending, a subsidiary of BankUnited, announced today that it is providing $405,000 in financing to Firehouse Subs owner, Harris Restaurant Group, LLC.
United Capital refinanced one existing store for the Alabama based franchisee and will also provide funding to open additional Firehouse Subs locations.
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 over $12 billion in assets. United Capital Business Lending now brings the experience of Butler Capital together with the financial strength of BankUnited.
“United Capital is proud to support the growth of the Firehouse Subs® franchise system,” says Andrew Jones, Vice President and Business Development Officer for United Capital.
“As a BankUnited company, United Capital is well positioned to meet the needs of Firehouse franchisees with competitive financing for new restaurant development, acquisitions and debt refinance.”
In addition to Firehouse Subs, the United Capital team has financed franchisees for Subway, Burger King, Dunkin’ Donuts, Taco Bell, Wendy’s, Denny’s, Five Guys Burgers and Fries, and Jimmy John’s Gourmet Sandwiches among others.