Buying a Salsarita's Fresh Cantina franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 5 7(a) loans to buy an existing Salsarita's Fresh Cantina (classified mostly as Limited-Service Restaurants), totaling $1.2M. The median loan was $30,000, 95% lower than the $645,250 median for all SBA-financed acquisitions. 1 of these loans were approved in the last two fiscal years.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Salsarita's Fresh Cantina resale loans landed between $30,000 and $510,000.
- Lender experience exists. Manufacturers and Traders Trust Company alone has financed 4 Salsarita's Fresh Cantina resales.
- Guaranty. The SBA guaranteed 73% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Salsarita's Fresh Cantina resale
The median SBA 7(a) loan for a Salsarita's Fresh Cantina resale was $30,000 across 5 loans (FY2018 to FY2026). Manufacturers and Traders Trust Company and First Internet Bank of Indiana have financed the most Salsarita's Fresh Cantina 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%.
Salsarita's Fresh Cantina acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 4 | $674K | $30,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 1 | $510K | $510,000 |
How often do these acquisition loans fail?
Fewer than 20 Salsarita's Fresh Cantina 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.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Lenders financing Salsarita's Fresh Cantina resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 4 | 80.0% | $674K | |
| 2 | First Internet Bank of Indiana | 1 | 20.0% | $510K |
States where Salsarita's Fresh Cantina units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | New York | 4 | 80.0% | $674K | |
| 2 | North Carolina | 1 | 20.0% | $510K |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Questions buyers ask
How much do buyers borrow to buy a Salsarita's Fresh Cantina franchise?
The median SBA 7(a) loan for a Salsarita's Fresh Cantina resale was $30,000 across 5 loans (FY2018 to FY2026). The middle half of loans ran from $30,000 to $510,000. 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 Salsarita's Fresh Cantina acquisitions?
Manufacturers and Traders Trust Company has made the most SBA acquisition loans for Salsarita's Fresh Cantina (4, 80% of the total). First Internet Bank of Indiana follow.
What interest rate and term do Salsarita's Fresh Cantina acquisition loans carry?
The average initial rate at approval was 9.60% (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 Salsarita's Fresh Cantina resale riskier than other SBA-financed acquisitions?
Too few Salsarita's Fresh Cantina 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 Salsarita's Fresh Cantina units being bought with SBA loans?
New York (4), North Carolina (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.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- All Limited-Service Restaurants acquisitions
- New York acquisitions
- North Carolina acquisitions
- Manufacturers and Traders Trust Company
- First Internet Bank of Indiana
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Salsarita's Fresh Cantina aka Salsarita's Fresh Mexican Grill" (franchise code S1523). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.