Daily News: July 20, 2012

United Capital Refinances Debt for Firehouse Subs Operator

United Capital Business Lending provided $2.05 million in financing to the largest Firehouse Subs franchisee, DKSS Subs, and refinanced 12 existing locations for the Florida-based operator. In addition, United Capital will provide funding to open two additional restaurants.

In a separate transaction, United Capital established a development line of $900,000 for Firehouse Subs franchisee Impact FHS Restaurants II, allowing the operator to open three new restaurants. With the additional locations, the Florida-based franchisee will own and operate nine Firehouse Subs restaurants.

“United Capital recognizes the strong performance and growth of the Firehouse Subs system,” said Andrew Jones, vice president and business development officer for United Capital. “We are committed to working closely with Firehouse Subs franchisees to provide financing for new store development, acquisitions, remodels and debt refinancing.”