Sterling National Bank Provided $4,400,000 In Senior Secured Credit Facilities to Chunara Food Group, LLC.
July 20, 2020
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.