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NewswireToday - /newswire/ -
Towson, MD, United States, 2011/12/21 - United Capital Business Lending, a national business lender specializing in franchised restaurant finance, announced today that it will allocate $40 million to qualified multi-unit Denny’s® franchisees in 2012 - UnitedCapitalBusinessLending.com.
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This national business lender specializing in franchised restaurant finance, announced today that it will allocate $40 million to qualified multi-unit Denny’s® franchisees in 2012. This company is United Capital Business Lending.
Qualified Denny’s® operators may borrow from United Capital to refinance debt, acquire existing Denny’s® restaurants, develop new locations, remodel stores or convert closed restaurants in other concepts to Denny’s®. Financing for these needs is typically structured as fixed rate loans ranging from $500,000 to $5 million or more, with terms of up to 10 years.
The decision to increase the available funding was based on Denny’s® franchisee loan demand and the health of United Capital’s existing Denny’s® franchisee portfolio. “The United Capital team has financed Denny’s® restaurant owners over the years and, even in today’s economy, Denny’s® franchisees have demonstrated consistent operating performance trends,” says Lex Lane, Vice President and Business Development Officer at United Capital.
United Capital Business Lending is a subsidiary of BankUnited (NYSE: BKU), the largest bank headquartered in Florida with over $12 billion in assets. In addition to Denny’s®, the United Capital team has financed franchisees for SUBWAY®, Burger King®, Dunkin’ Donuts®, Wendy’s®, Five Guys® Burgers and Fries and Buffalo Wild Wings® among others.
For information about financing for franchise acquisition, new restaurant development, remodeling or debt refinancing, call United Capital at 866-218-4793 or visit the company’s website at UnitedCapitalBusinessLending.com.
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