Full-Service Restaurants acquisitions in Alabama: SBA loan data
Since FY2018, SBA lenders have approved 23 7(a) loans to buy an existing business classified as Full-Service Restaurants in Alabama, totaling $10.7M. The median loan was $324,200. That is 4.8% of the 476 acquisition loans in Alabama.
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How this compares
The median Full-Service Restaurants loan in Alabama is 59% lower than the $787,850 median for all Alabama acquisitions, and 21% lower than the $411,700 median for Full-Service Restaurants acquisitions nationwide (2,797 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 5.9% of seasoned Full-Service Restaurants acquisition loans were charged off, and 3.5% of seasoned Alabama acquisition loans of any type.
Full-Service Restaurants acquisition loans in Alabama by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $1M | $504,750 | |
| FY2019 | 3 | $1.7M | $326,700 | |
| FY2020 | 1 | $235K | $235,000 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 2 | $1.5M | $762,100 | |
| FY2023 | 4 | $2.5M | $250,000 | |
| FY2024 | 6 | $1.8M | $173,600 | |
| FY2025 | 1 | $657K | $657,000 | |
| FY2026 | 4 | $1.2M | $240,500 |
How often do these acquisition loans fail?
Fewer than 20 Full-Service Restaurants in Alabama 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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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7 | 30.4% | $2.1M | |
| 2 | Renasant Bank | 2 | 8.7% | $2.2M | |
| 3 | PNC Bank, National Association | 1 | 4.3% | $1.2M | |
| 4 | Regions Bank | 1 | 4.3% | $1.2M | |
| 5 | Hancock Whitney Bank | 1 | 4.3% | $730K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Subway | 1 | 4.3% | $150K |
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Questions buyers ask
How much do SBA loans for Full-Service Restaurants acquisitions in Alabama run?
The median SBA 7(a) loan was $324,200 across 23 loans (FY2018 to FY2026), with the middle half between $142,500 and $633,250. 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 Full-Service Restaurants acquisitions in Alabama?
The Huntington National Bank (7), Renasant Bank (2), PNC Bank, National Association (1), Regions Bank (1), Hancock Whitney Bank (1). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Full-Service Restaurants acquisition loans fail in Alabama?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Full-Service Restaurants acquisitions in Alabama?
5 of the 23 loans (22%) involved a franchise brand, most often Subway (1).
Terms signed in the LOI shape the purchase agreement that follows.
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Related
- All Alabama acquisitions
- Financing one? How to get an SBA loan to buy a restaurant
- Full-Service Restaurants nationally
- Full-Service Restaurants in California
- Full-Service Restaurants in Texas
- Full-Service Restaurants in Florida
- Full-Service Restaurants in Washington
- Full-Service Restaurants in Georgia
- Full-Service Restaurants in Illinois
- Full-Service Restaurants in Pennsylvania
- Full-Service Restaurants in Michigan
- Hotels and Motels in Alabama
- Limited-Service Restaurants in Alabama
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- Insurance Agencies and Brokerages in Alabama
- Pharmacies and Drug Retailers in Alabama
- General Automotive Repair in Alabama
- Plumbing, Heating, and Air-Conditioning Contractors in Alabama
Small samples move a lot: each loan in this combination is 4% of the count. Industry is the NAICS code the lender recorded. See the methodology.