The .srt format does not officially contain location information: it only contains raw text and timing for each subtitle.
However, there is an unofficial way to include this information in .srt files. It may be supported by a later version of Subs Factory, but some video players might not accept it.
Subs Factory is not able to burn subtitles into a video - that would require a complete re-encoding of the video, which is a heavy operation. To do this, you can use HandBrake: this free application can burn a .srt file into a video.
However, are you sure you must burn the subtitles in? .srt files are accepted by a lot of video players, including TV boxes. Even YouTube accepts these files! They have the huge advantage of being able to be turned off at any time, and of remaining editable.