Buying a Nothing Bundt Cakes franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 6 7(a) loans to buy an existing Nothing Bundt Cakes (classified mostly as Retail Bakeries), totaling $8.1M. The median loan was $824,000, 28% higher than the $645,250 median for all SBA-financed acquisitions. 1 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 Nothing Bundt Cakes resale loans landed between $554,525 and $1,028,750.
- Lender experience exists. First Merchants Bank alone has financed 1 Nothing Bundt Cakes 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 a Nothing Bundt Cakes resale
The median SBA 7(a) loan for a Nothing Bundt Cakes resale was $824,000 across 6 loans (FY2018 to FY2026). First Merchants Bank, Tri Counties Bank and The Bancorp Bank National Association have financed the most Nothing Bundt Cakes 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%.
Nothing Bundt Cakes acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 4 | $7M | $986,500 | |
| FY2022 | 1 | $746K | $746,000 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 1 | $400K | $400,000 |
How often do these acquisition loans fail?
Fewer than 20 Nothing Bundt Cakes 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.
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Lenders financing Nothing Bundt Cakes resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | First Merchants Bank | 1 | 16.7% | $4.5M | |
| 2 | Tri Counties Bank | 1 | 16.7% | $1.1M | |
| 3 | The Bancorp Bank National Association | 1 | 16.7% | $902K | |
| 4 | First Internet Bank of Indiana | 1 | 16.7% | $746K | |
| 5 | Ameris Bank | 1 | 16.7% | $491K | |
| 6 | Zions Bancorporation, National Association | 1 | 16.7% | $400K |
States where Nothing Bundt Cakes units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Tennessee | 1 | 16.7% | $4.5M | |
| 2 | California | 1 | 16.7% | $1.1M | |
| 3 | Texas | 1 | 16.7% | $902K | |
| 4 | South Carolina | 1 | 16.7% | $746K | |
| 5 | Pennsylvania | 1 | 16.7% | $491K | |
| 6 | Montana | 1 | 16.7% | $400K |
Seller note standby terms and third-party consents are reviewed before closing.
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How lenders classify Nothing Bundt Cakes
Lenders code each loan to a NAICS industry. For Nothing Bundt Cakes the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Retail Bakeries | 4 | 66.7% | $2.7M | |
| 2 | Snack and Nonalcoholic Beverage Bars | 1 | 16.7% | $4.5M | |
| 3 | Baked Goods Retailers | 1 | 16.7% | $902K |
Questions buyers ask
How much do buyers borrow to buy a Nothing Bundt Cakes franchise?
The median SBA 7(a) loan for a Nothing Bundt Cakes resale was $824,000 across 6 loans (FY2018 to FY2026). The middle half of loans ran from $554,525 to $1,028,750. 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 Nothing Bundt Cakes acquisitions?
First Merchants Bank has made the most SBA acquisition loans for Nothing Bundt Cakes (1, 17% of the total). Tri Counties Bank, The Bancorp Bank National Association, First Internet Bank of Indiana follow.
What interest rate and term do Nothing Bundt Cakes acquisition loans carry?
The average initial rate at approval was 5.81% (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 Nothing Bundt Cakes resale riskier than other SBA-financed acquisitions?
Too few Nothing Bundt Cakes 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 Nothing Bundt Cakes units being bought with SBA loans?
Tennessee (1), California (1), Texas (1), South Carolina (1), Pennsylvania (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.
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Related
- All Retail Bakeries acquisitions
- Tennessee acquisitions
- California acquisitions
- Texas acquisitions
- First Merchants Bank
- The Bancorp Bank National Association
- First Internet Bank of Indiana
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Nothing Bundt Cakes" (franchise code S1195). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.