Buying a WNB Factory franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 6 7(a) loans to buy an existing WNB Factory (classified mostly as Limited-Service Restaurants), totaling $3M. The median loan was $513,500, 20% lower than the $645,250 median for all SBA-financed acquisitions. 5 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 WNB Factory resale loans landed between $341,250 and $631,750.
- Lender experience exists. PCB Bank alone has financed 3 WNB Factory 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 WNB Factory resale
The median SBA 7(a) loan for a WNB Factory resale was $513,500 across 6 loans (FY2018 to FY2026). PCB Bank, East West Bank and Loyal Trust Bank have financed the most WNB Factory 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%.
WNB Factory 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 | 0 | $0 | - | |
| FY2024 | 1 | $465K | $465,000 | |
| FY2025 | 1 | $655K | $655,000 | |
| FY2026 | 4 | $1.9M | $431,000 |
How often do these acquisition loans fail?
Fewer than 20 WNB Factory 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 WNB Factory resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | PCB Bank | 3 | 50.0% | $984K | |
| 2 | East West Bank | 1 | 16.7% | $917K | |
| 3 | Loyal Trust Bank | 1 | 16.7% | $655K | |
| 4 | Metro City Bank | 1 | 16.7% | $465K |
States where WNB Factory units are bought
The purchase agreement decides what you bought, not the loan approval.
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Questions buyers ask
How much do buyers borrow to buy a WNB Factory franchise?
The median SBA 7(a) loan for a WNB Factory resale was $513,500 across 6 loans (FY2018 to FY2026). The middle half of loans ran from $341,250 to $631,750. 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 WNB Factory acquisitions?
PCB Bank has made the most SBA acquisition loans for WNB Factory (3, 50% of the total). East West Bank, Loyal Trust Bank, Metro City Bank follow.
What interest rate and term do WNB Factory acquisition loans carry?
The average initial rate at approval was 9.00% (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 WNB Factory resale riskier than other SBA-financed acquisitions?
Too few WNB Factory 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 WNB Factory units being bought with SBA loans?
Georgia (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.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All Limited-Service Restaurants acquisitions
- Georgia acquisitions
- Maryland acquisitions
- PCB Bank
- East West Bank
- Metro City Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "WNB Factory" (franchise code S3615). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.