HUNT VALLEY, MD (RestaurantNews.com) United Capital Business Lending, a subsidiary of BankUnited, has announced that it is providing $2 million in financing to Five Guys® Burgers and Fries owner, Craig Cohen. United Capital refinanced three existing stores for the Brooklyn, NY based franchisee and will also provide funding to open two additional Five Guys® locations. With the new sites, Cohen will own and operate five Five Guys® restaurants.
United Capital Business Lending, which recently acquired the small business lending operations of Butler Capital, is a subsidiary of BankUnited, the largest bank in Florida with $11 billion in assets. The newly formed United Capital Business Lending now brings the prior experience of Butler Capital together with the financial strength of BankUnited.
“The United Capital team is excited to be a part of the Five Guys® franchise’s phenomenal growth,” says Trey Grimm, business development officer for United Capital. “With the solid financial resources of our parent company BankUnited, United Capital has the ability to fund franchisees’ new restaurant development and to refinance existing locations with very competitive pricing.”
In addition to Five Guys®, the United Capital team has financed franchisees for Burger King®, Subway®, Dunkin’ Donuts®, Taco Bell®, KFC®, Pizza Hut™, Checkers®, Arby’s®, Buffalo Wild Wings®, and Papa Johns Pizza® among others.
For information about financing for franchise acquisition, new restaurant development, remodeling or refinancing, call United Capital at 866-218-4793.