United Capital Business Lending, a subsidiary of BankUnited, announced today that it has provided $783,000 in financing to multi-unit SUBWAY owner, Bermudez Shorts, Inc. United Capital’s financing arrangement enabled Bermudez Shorts, Inc. to refinance the remaining balance of seller notes from its original acquisition of four SUBWAY restaurants located in New Mexico.
United Capital Business Lending, which recently acquired the small business lending operations of Butler Capital, is a subsidiary of BankUnited, the largest bank in Florida with more than $11 billion in assets. The newly formed United Capital Business Lending now brings the prior experience of Butler Capital together with the financial strength of BankUnited.
“With the solid financial resources of BankUnited, United Capital is committed to working closely with SUBWAY franchisees to provide financing for new restaurant development, store acquisitions and debt refinancing, including seller-financed loans,†stated Trey Grimm, business development officer for United Capital. “As United Capital we have the ability to fund larger transactions with more competitive pricing and leverage the experience of our staff of professionals, so SUBWAY franchisees can expect the same fast service and franchise financing expertise.â€