US Capital Partners Provides Scalable $1 Million SBA Facility for Jersey Mikes Subs Franchise
US Capital Partners, LLC has put in place small-business financing to support a Florida-based franchisee of one of the top five fastest-growing restaurant chains in the United States.
SAN FRANCISCO, JULY 2014 – US Capital Partners, LLC has provided a scalable $1 million facility backed by the US Small Business Administration (“SBA”) for a new franchise location of Jersey Mike’s Subs, an expanding restaurant chain with 1,300 locations open and under development nationwide. US Capital Partners is a private investment bank that makes direct debt investments, participates in debt facilities, and arranges equity placements for small to lower middle market companies.
“We are very pleased to have provided SBA-guaranteed financing to support the ongoing expansion of the Jersey Mike’s Subs franchise,” said Jeffrey Sweeney, CEO and Managing Director at US Capital Partners. “The new debt financing will provide leverage to help a Florida franchisee open an additional franchise location. Despite the small size of the business, US Capital Partners was able to put in place a $1 million scalable SBA facility for the company after analyzing its cash flows, examining the principals’ individual financial statements, and evaluating the growth projections of the new location.”
About Jersey Mike’s Subs
Jersey Mike’s Subs, known for its fresh sliced/fresh grilled subs, is a nationwide restaurant chain headquartered in Manasquan, New Jersey. Started in 1956, Jersey Mike’s now has 1,300 locations open and under development nationwide. In just three years, the company has nearly doubled in size. A 2014 Technomic report ranked Jersey Mike’s in the top five fastest-growing restaurant chains with sales above $200 million.
About US Capital Partners, LLC
Since 1998, US Capital Partners (www.uscapitalpartners.net) has been providing prompt, innovative, and reliable financing solutions including lending, equity financing, and debt re-structuring to businesses across the United States and abroad. US Capital Partners is a private investment bank, direct lender, co-lender, and lead financial arranger that specializes in asset-based debt for small to middle market private and public companies. The company’s innovative approach allows it to provide the best financing available, not only for companies in excellent financial condition, but also for companies that may have been refused credit by traditional lenders.
To learn more about how your business can secure the funding it needs, email Jeffrey Sweeney, CEO and Managing Director, at jsweeney@uscapitalpartners.net or call (415) 889-1010.