Buying an Imo's Pizza franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 8 7(a) loans to buy an existing Imo's Pizza (classified mostly as Limited-Service Restaurants), totaling $3.7M. The median loan was $322,400, 50% lower than the $645,250 median for all SBA-financed acquisitions.
The purchase agreement decides what you bought, not the loan approval.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Imo's Pizza resale loans landed between $259,775 and $551,600.
- Lender experience exists. Elevate Bank National Association alone has financed 2 Imo's Pizza resales.
- Guaranty. The SBA guaranteed 82% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing an Imo's Pizza resale
The median SBA 7(a) loan for an Imo's Pizza resale was $322,400 across 8 loans (FY2018 to FY2026). Elevate Bank National Association, Southern Bank and American Bank of Freedom have financed the most Imo'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%.
Imo's Pizza acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $210K | $210,200 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 3 | $1.7M | $276,300 | |
| FY2022 | 1 | $350K | $350,000 | |
| FY2023 | 1 | $500K | $499,800 | |
| FY2024 | 2 | $1M | $500,900 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Imo'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.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Lenders financing Imo's Pizza resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Elevate Bank National Association | 2 | 25.0% | $795K | |
| 2 | Southern Bank | 2 | 25.0% | $487K | |
| 3 | American Bank of Freedom | 1 | 12.5% | $1.3M | |
| 4 | St. Louis Bank | 1 | 12.5% | $707K | |
| 5 | Peoples National Bank National Association | 1 | 12.5% | $350K | |
| 6 | Justine Petersen Housing & Reinvestment Corporation | 1 | 12.5% | $150K |
States where Imo's Pizza units are bought
Terms signed in the LOI shape the purchase agreement that follows.
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How lenders classify Imo's Pizza
Lenders code each loan to a NAICS industry. For Imo's Pizza the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Limited-Service Restaurants | 7 | 87.5% | $3.4M | |
| 2 | Full-Service Restaurants | 1 | 12.5% | $350K |
Questions buyers ask
How much do buyers borrow to buy an Imo's Pizza franchise?
The median SBA 7(a) loan for an Imo's Pizza resale was $322,400 across 8 loans (FY2018 to FY2026). The middle half of loans ran from $259,775 to $551,600. 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 Imo's Pizza acquisitions?
Elevate Bank National Association has made the most SBA acquisition loans for Imo's Pizza (2, 25% of the total). Southern Bank, American Bank of Freedom, St. Louis Bank follow.
What interest rate and term do Imo's Pizza acquisition loans carry?
The average initial rate at approval was 8.47% (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 an Imo's Pizza resale riskier than other SBA-financed acquisitions?
Too few Imo'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 Imo's Pizza units being bought with SBA loans?
Missouri (4), Illinois (4). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All Limited-Service Restaurants acquisitions
- Missouri acquisitions
- Illinois acquisitions
- Southern Bank
- American Bank of Freedom
- St. Louis Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Imo's Pizza" (franchise code S3305). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.