United Capital Finances Multi-Unit Dunkin’ Operator
United Capital Business Lending said that it provided $3.7 million to Dunkin’ Donuts owner, Velocity Brands Holdings. United Capital refinanced eight locations for the Florida-based franchisee and provided funds to acquire six existing Dunkin’ stores. United Capital also established a development line for Velocity Brands Holdings to build four new restaurants.
United Capital has committed $100 million to multi-unit Dunkin’ Donuts franchisees over the next 12 months. Qualified Dunkin’ operators may borrow from United Capital to refinance debt, acquire existing Dunkin’ Donuts restaurants, develop new locations or reimage stores. Financing for these needs is typically structured as fixed rate loans ranging from $500,000 to $10 million or more, with terms of up to ten years.
“Dunkin’ Brands’ expansion plans provide franchisees with tremendous growth potential,” said Trey Grimm, vice president and business development officer for United Capital. “Our decision to increase available funding to Dunkin’ franchisees speaks to the strength of the brand and our commitment to its operators.”