Buying a Wienerschnitzel franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 5 7(a) loans to buy an existing Wienerschnitzel (classified mostly as Limited-Service Restaurants), totaling $2.9M. The median loan was $650,000, in line with the $645,250 median for all SBA-financed acquisitions.
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 Wienerschnitzel resale loans landed between $430,000 and $756,000.
- Lender experience exists. Live Oak Banking Company alone has financed 1 Wienerschnitzel resales.
- Guaranty. The SBA guaranteed 81% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Wienerschnitzel resale
The median SBA 7(a) loan for a Wienerschnitzel resale was $650,000 across 5 loans (FY2018 to FY2026). Live Oak Banking Company, United Business Bank and Alaska Growth Capital BIDCO, Inc. have financed the most Wienerschnitzel 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%.
Wienerschnitzel acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $268K | $267,900 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 2 | $1.2M | $593,000 | |
| FY2022 | 2 | $1.4M | $718,000 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Wienerschnitzel 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 Wienerschnitzel resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 1 | 20.0% | $786K | |
| 2 | United Business Bank | 1 | 20.0% | $756K | |
| 3 | Alaska Growth Capital BIDCO, Inc. | 1 | 20.0% | $650K | |
| 4 | Bank of Hope | 1 | 20.0% | $430K | |
| 5 | Celtic Bank Corporation | 1 | 20.0% | $268K |
States where Wienerschnitzel units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 4 | 80.0% | $2.2M | |
| 2 | Alaska | 1 | 20.0% | $650K |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Questions buyers ask
How much do buyers borrow to buy a Wienerschnitzel franchise?
The median SBA 7(a) loan for a Wienerschnitzel resale was $650,000 across 5 loans (FY2018 to FY2026). The middle half of loans ran from $430,000 to $756,000. 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 Wienerschnitzel acquisitions?
Live Oak Banking Company has made the most SBA acquisition loans for Wienerschnitzel (1, 20% of the total). United Business Bank, Alaska Growth Capital BIDCO, Inc., Bank of Hope follow.
What interest rate and term do Wienerschnitzel acquisition loans carry?
The average initial rate at approval was 6.13% (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 Wienerschnitzel resale riskier than other SBA-financed acquisitions?
Too few Wienerschnitzel 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 Wienerschnitzel units being bought with SBA loans?
California (4), Alaska (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
- California acquisitions
- Alaska acquisitions
- Live Oak Banking Company
- United Business Bank
- Bank of Hope
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Wienerschnitzel" (franchise code S1922). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.