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Sterling National Bank’s Franchise Finance Group provided senior secured credit facilities totaling $4,400,000 to Chunara Food Group, LLC, an 85-unit franchise group, between six different concepts: Popeyes, Checkers, Church’s, Dunkin Brands, Take 5 and TGIF. The credit facilities will be used by the Company to support continued growth and future projects within their Dunkin portfolio.
Having started in 1984, and headquartered in Atlanta, GA, Chunara owns and operates 39 Dunkin’ locations in the state of Georgia. The Dunkin’ brand, founded in 1950, is the world’s leading baked goods and coffee chain, with more than 11,300 Dunkin’ restaurants across 36 countries.
This transaction was originated by Lindy Baldwin, a Managing Director located in Sterling’s New York office.
*now known as Webster Bank as successor by merger.
Senior Secured Credit Facilities
$4,400,000
Webster Bank’s Franchise division is a cash flow-first lender, who offers up to 100% financing, whether it’s opening a new location, growth through acquisition, partnership buyouts, refinancing, upgrading technology, renovating or remodeling. We offer financing solutions from $500K to $100M, and our in-house team makes decisions within hours of application for financing under $2M.*. Learn more about Franchise Financing.
*Statements are not a commitment to lend and are subject to specific borrower qualifications as well as underwriting.
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