Buying a Hungry Howie's Pizza franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 5 7(a) loans to buy an existing Hungry Howie's Pizza (classified mostly as Limited-Service Restaurants), totaling $1.8M. The median loan was $290,000, 55% lower than the $645,250 median for all SBA-financed acquisitions.
Seller note standby terms and third-party consents are reviewed before closing.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Hungry Howie's Pizza resale loans landed between $213,700 and $495,000.
- Lender experience exists. Fidelity Bank alone has financed 1 Hungry Howie's Pizza resales.
- Guaranty. The SBA guaranteed 77% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Hungry Howie's Pizza resale
The median SBA 7(a) loan for a Hungry Howie's Pizza resale was $290,000 across 5 loans (FY2018 to FY2026). Fidelity Bank, Magnifi Financial CU and United Community Bank have financed the most Hungry Howie's Pizza resales. Too few of these loans are old enough to measure a charge-off rate; the average for all SBA acquisition loans is 3.5%.
Hungry Howie's Pizza acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $382K | $191,000 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 1 | $214K | $213,700 | |
| FY2022 | 1 | $709K | $709,200 | |
| FY2023 | 1 | $495K | $495,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Hungry Howie's Pizza acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
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Lenders financing Hungry Howie's Pizza resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Fidelity Bank | 1 | 20.0% | $709K | |
| 2 | Magnifi Financial CU | 1 | 20.0% | $495K | |
| 3 | United Community Bank | 1 | 20.0% | $290K | |
| 4 | Highpoint Community Bank | 1 | 20.0% | $214K | |
| 5 | The Huntington National Bank | 1 | 20.0% | $92K |
States where Hungry Howie's Pizza units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Louisiana | 1 | 20.0% | $709K | |
| 2 | Tennessee | 1 | 20.0% | $495K | |
| 3 | South Carolina | 1 | 20.0% | $290K | |
| 4 | Michigan | 1 | 20.0% | $214K | |
| 5 | Indiana | 1 | 20.0% | $92K |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
How lenders classify Hungry Howie's Pizza
Lenders code each loan to a NAICS industry. For Hungry Howie's Pizza the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Limited-Service Restaurants | 4 | 80.0% | $1.7M | |
| 2 | Full-Service Restaurants | 1 | 20.0% | $92K |
Questions buyers ask
How much do buyers borrow to buy a Hungry Howie's Pizza franchise?
The median SBA 7(a) loan for a Hungry Howie's Pizza resale was $290,000 across 5 loans (FY2018 to FY2026). The middle half of loans ran from $213,700 to $495,000. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Hungry Howie's Pizza acquisitions?
Fidelity Bank has made the most SBA acquisition loans for Hungry Howie's Pizza (1, 20% of the total). Magnifi Financial CU, United Community Bank, Highpoint Community Bank follow.
What interest rate and term do Hungry Howie's Pizza acquisition loans carry?
The average initial rate at approval was 7.40% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 10 years.
Is a Hungry Howie's Pizza resale riskier than other SBA-financed acquisitions?
Too few Hungry Howie's Pizza acquisition loans are old enough to measure. The benchmark for all SBA acquisition loans is 3.5% charged off in the FY2018 to FY2021 cohort.
Where are Hungry Howie's Pizza units being bought with SBA loans?
Louisiana (1), Tennessee (1), South Carolina (1), Michigan (1), Indiana (1). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All Limited-Service Restaurants acquisitions
- Louisiana acquisitions
- Tennessee acquisitions
- South Carolina acquisitions
- Magnifi Financial CU
- United Community Bank
- The Huntington National Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Hungry Howie's: Hungry Howie's Pizza" (franchise code S0834). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.