United Capital Business Lending, a national business lender specializing in franchise finance, announced today that it provided $6.33 million in financing to Applebee’s owner Apple Two Associates, Inc.
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,” says 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.”
United Capital Business Lending is a subsidiary of BankUnited, the largest bank headquartered in Florida with more than $12 billion in assets.