Daily News: April 11, 2012

United Capital Refinances Debt for Jiffy Lube Operator


United Capital Business Lending said it provided $3.5 million in financing to Jiffy Lube owner Griffin Fast Lube. United Capital refinanced 27 existing locations for the Utah-based franchisee.

Griffin Fast Lube operates more than 50 Jiffy Lube automotive shops in Utah, Nevada and Colorado.

“United Capital is committed to working closely with Jiffy Lube franchisees to provide financing for new store development, acquisitions, remodels and debt refinancing,” said Lex Lane, vice president and business development officer for United Capital. “We’re proud to be associated with the Jiffy Lube brand.”