Daily News: January 27, 2012

United Capital to Lend $42MM to Popeyes Franchisees in 2012

United Capital Business Lending said it will allocate $42 million to qualified, multi-unit Popeyes franchisees in 2012. The Popeyes Louisiana Kitchen chain recently designated United Capital as one of its lending partners for the franchisor’s 2012 reimaging initiative.

Qualified Popeyes operators may borrow from United Capital to refinance debt, acquire existing restaurants, develop new locations or reimage stores. Financing for these needs is typically structured as fixed rate loans ranging from $250,000 to $5 million or more, with terms up to ten years.

The decision to increase the available funding to Popeyes franchisees was based on United Capital’s 2012 business strategy to support experienced, multi-unit owners within franchise concepts showing consistent performance.

“United Capital is proud to be a part of Popeyes growth,” says Andrew Jones, vice president and Business Development Officer at United Capital. “Popeyes is the world’s second largest quick-service chicken concept, so it’s fitting that we focus our dollars to supporting a winning organization.”