Buying a Wayback Burgers franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 6 7(a) loans to buy an existing Wayback Burgers (classified mostly as Limited-Service Restaurants), totaling $880K. The median loan was $138,000, 79% lower than the $645,250 median for all SBA-financed acquisitions. 1 of these loans were approved in the last two fiscal years.
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 Wayback Burgers resale loans landed between $111,750 and $150,000.
- Lender experience exists. CRF Small Business Loan Company, LLC alone has financed 3 Wayback Burgers 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 Wayback Burgers resale
The median SBA 7(a) loan for a Wayback Burgers resale was $138,000 across 6 loans (FY2018 to FY2026). CRF Small Business Loan Company, LLC, Stearns Bank National Association and Wilmington Savings Fund Society FSB have financed the most Wayback Burgers 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%.
Wayback Burgers acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $150K | $150,000 | |
| FY2019 | 1 | $150K | $150,000 | |
| FY2020 | 3 | $320K | $107,000 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $260K | $260,000 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Wayback Burgers 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 Wayback Burgers resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | CRF Small Business Loan Company, LLC | 3 | 50.0% | $320K | |
| 2 | Stearns Bank National Association | 2 | 33.3% | $300K | |
| 3 | Wilmington Savings Fund Society FSB | 1 | 16.7% | $260K |
States where Wayback Burgers units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Pennsylvania | 5 | 83.3% | $620K | |
| 2 | Maryland | 1 | 16.7% | $260K |
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much do buyers borrow to buy a Wayback Burgers franchise?
The median SBA 7(a) loan for a Wayback Burgers resale was $138,000 across 6 loans (FY2018 to FY2026). The middle half of loans ran from $111,750 to $150,000. 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 Wayback Burgers acquisitions?
CRF Small Business Loan Company, LLC has made the most SBA acquisition loans for Wayback Burgers (3, 50% of the total). Stearns Bank National Association, Wilmington Savings Fund Society FSB follow.
What interest rate and term do Wayback Burgers acquisition loans carry?
The average initial rate at approval was 7.25% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 8.9 years.
Is a Wayback Burgers resale riskier than other SBA-financed acquisitions?
Too few Wayback Burgers 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 Wayback Burgers units being bought with SBA loans?
Pennsylvania (5), Maryland (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.
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
- Pennsylvania acquisitions
- Maryland acquisitions
- CRF Small Business Loan Company, LLC
- Stearns Bank National Association
- Wilmington Savings Fund Society FSB
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Wayback Burgers" (franchise code S1906). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.