This national business lender specializing in franchised restaurant finance, announced today that it will allocate $40 million to qualified multi-unit Denny’s® franchisees in 2012. This company is United Capital Business Lending.
Qualified Denny’s® operators may borrow from United Capital to refinance debt, acquire existing Denny’s® restaurants, develop new locations, remodel stores or convert closed restaurants in other concepts to Denny’s®. Financing for these needs is typically structured as fixed rate loans ranging from $500,000 to $5 million or more, with terms of up to 10 years.
The decision to increase the available funding was based on Denny’s® franchisee loan demand and the health of United Capital’s existing Denny’s® franchisee portfolio. “The United Capital team has financed Denny’s® restaurant owners over the years and, even in today’s economy, Denny’s® franchisees have demonstrated consistent operating performance trends,†says Lex Lane, Vice President and Business Development Officer at United Capital.