Daily News: July 13, 2012

United Capital Refinances Debt for Applebee’s Operator


United Capital Business Lending said that it provided $6.33 million in financing to Applebee’s owner, Apple Two Associates. United Capital refinanced the franchisee’s 15 locations in Florida, Georgia and Alabama.

“United Capital is pleased to partner with Applebee’s operators during such a transformative time for the brand,” said William Johnson, senior vice president of sales and business development for United Capital. “Our lending programs for remodels, acquisitions, new store development and debt refinancing are helping Applebee’s franchisees to capitalize on new growth initiatives.”