Buying a Moe's Southwest Grill franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 5 7(a) loans to buy an existing Moe's Southwest Grill (classified mostly as Limited-Service Restaurants), totaling $5M. The median loan was $515,000, 20% lower than the $645,250 median for all SBA-financed acquisitions. 4 of these loans were approved in the last two fiscal years.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Moe's Southwest Grill resale loans landed between $450,500 and $930,800.
- Lender experience exists. Byline Bank alone has financed 3 Moe's Southwest Grill resales.
- Guaranty. The SBA guaranteed 78% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Moe's Southwest Grill resale
The median SBA 7(a) loan for a Moe's Southwest Grill resale was $515,000 across 5 loans (FY2018 to FY2026). Byline Bank, First National Bank of Pennsylvania and Georgia Banking Company have financed the most Moe's Southwest Grill 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%.
Moe's Southwest Grill acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 1 | $931K | $930,800 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $451K | $450,500 | |
| FY2026 | 3 | $3.6M | $515,000 |
How often do these acquisition loans fail?
Fewer than 20 Moe's Southwest Grill 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 Moe's Southwest Grill resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Byline Bank | 3 | 60.0% | $3.6M | |
| 2 | First National Bank of Pennsylvania | 1 | 20.0% | $931K | |
| 3 | Georgia Banking Company | 1 | 20.0% | $451K |
States where Moe's Southwest Grill units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Georgia | 2 | 40.0% | $846K | |
| 2 | Tennessee | 1 | 20.0% | $2.7M | |
| 3 | Pennsylvania | 1 | 20.0% | $931K | |
| 4 | Michigan | 1 | 20.0% | $515K |
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsFree consultation. All 50 states.
How lenders classify Moe's Southwest Grill
Lenders code each loan to a NAICS industry. For Moe's Southwest Grill the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Limited-Service Restaurants | 3 | 60.0% | $3.6M | |
| 2 | Full-Service Restaurants | 2 | 40.0% | $1.4M |
Questions buyers ask
How much do buyers borrow to buy a Moe's Southwest Grill franchise?
The median SBA 7(a) loan for a Moe's Southwest Grill resale was $515,000 across 5 loans (FY2018 to FY2026). The middle half of loans ran from $450,500 to $930,800. 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 Moe's Southwest Grill acquisitions?
Byline Bank has made the most SBA acquisition loans for Moe's Southwest Grill (3, 60% of the total). First National Bank of Pennsylvania, Georgia Banking Company follow.
What interest rate and term do Moe's Southwest Grill acquisition loans carry?
The average initial rate at approval was 8.75% (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 Moe's Southwest Grill resale riskier than other SBA-financed acquisitions?
Too few Moe's Southwest Grill 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 Moe's Southwest Grill units being bought with SBA loans?
Georgia (2), Tennessee (1), Pennsylvania (1), Michigan (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.
Terms signed in the LOI shape the purchase agreement that follows.
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Related
- All Limited-Service Restaurants acquisitions
- Georgia acquisitions
- Tennessee acquisitions
- Pennsylvania acquisitions
- Byline Bank
- First National Bank of Pennsylvania
- Georgia Banking Company
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Moe's Southwest Grill" (franchise code S1120). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.