Daily News: April 27, 2012

United Capital Refinances Debt for Popeyes Operators

United Capital Business Lending announced that it provided $700,000 in financing to Popeyes owner, Jivan Foods. United Capital also refinanced three existing locations for the Texas based franchisee. In addition, United Capital provided a California-based 17-unit Popeyes owner $2.4 million to refinance debt and re-image several locations.

The Popeyes Louisiana Kitchen chain recently designated United Capital as one of its lending partners for the franchisor’s 2012 reimaging initiative. United Capital has allocated $42 million to qualified multi-unit Popeyes franchisees to refinance debt, acquire existing restaurants, develop new locations and re-image stores.

“United Capital is pleased to partner with the Popeyes organization,” said Andrew Jones, vice president and business development officer for United Capital. “Our lending programs provide Popeyes franchisees with creative financing solutions to fuel their growth.”