Buying a Togo's franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 6 7(a) loans to buy an existing Togo's (classified mostly as Limited-Service Restaurants), totaling $2.4M. The median loan was $286,700, 56% 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 Togo's resale loans landed between $240,850 and $393,750.
- Lender experience exists. United Business Bank alone has financed 3 Togo's resales.
- Guaranty. The SBA guaranteed 75% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Togo's resale
The median SBA 7(a) loan for a Togo's resale was $286,700 across 6 loans (FY2018 to FY2026). United Business Bank, Port 51 Lending LLC and West Coast Community Bank have financed the most Togo's 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%.
Togo's acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $230K | $230,000 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 2 | $698K | $349,200 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 2 | $457K | $228,500 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $995K | $995,000 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Togo's 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.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Lenders financing Togo's resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | United Business Bank | 3 | 50.0% | $812K | |
| 2 | Port 51 Lending LLC | 1 | 16.7% | $995K | |
| 3 | West Coast Community Bank | 1 | 16.7% | $300K | |
| 4 | Exchange Bank | 1 | 16.7% | $273K |
States where Togo's units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 6 | 100.0% | $2.4M |
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsFree consultation. All 50 states.
Questions buyers ask
How much do buyers borrow to buy a Togo's franchise?
The median SBA 7(a) loan for a Togo's resale was $286,700 across 6 loans (FY2018 to FY2026). The middle half of loans ran from $240,850 to $393,750. 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 Togo's acquisitions?
United Business Bank has made the most SBA acquisition loans for Togo's (3, 50% of the total). Port 51 Lending LLC, West Coast Community Bank, Exchange Bank follow.
What interest rate and term do Togo's acquisition loans carry?
The average initial rate at approval was 7.33% (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 Togo's resale riskier than other SBA-financed acquisitions?
Too few Togo's 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 Togo's units being bought with SBA loans?
California (6). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAll 50 states. Free consultation.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- All Limited-Service Restaurants acquisitions
- California acquisitions
- United Business Bank
- Port 51 Lending LLC
- West Coast Community Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Togo's and TOGO'S" (franchise code S1803). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.