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United Capital Business Lending, a national business lender specializing in franchise finance, announced that it has provided $10,000,000 credit facility to Ccreations LLC. The facility will recapitalize Ccreations LLC and provide financing for the development of additional Subway and Wingstop locations.
Chintu Patel, president and CEO of Ccreations LLC, owns and operates 32 Subways, and will open his first Wingstop’s located in Indianapolis in August. Patel also owns 21 Orange Leaf Frozen Yogurt units, three Koko Fitness locations, and has an interest in several hotels and gas stations.
“We chose United Capital because they understand the franchise business, and they will support our company’s expansion of both our Subway and Wingstop platforms,” Patel says.
“We have supported Mr. Patel’s Subway expansion for several years,” says Trey Grimm, VP and business development officer with United Capital. “This facility will position him to grow across multiple brands.”
United Capital Business Lending is a subsidiary of BankUnited, headquartered in Florida with over $16 billion in assets. United Capital is a leading lender in the franchise finance market, lending nationally to multiunit franchisees for acquisitions, new development, remodeling, and debt refinancing.
In addition to Subway and Wingstop, the United Capital team has financed franchisees for Papa John’s Pizza, Denny’s, Dunkin’ Donuts, Popeyes, and Buffalo Wild Wings, among others.