Limited-Service Restaurants acquisitions in Arizona: SBA loan data
Since FY2018, SBA lenders have approved 35 7(a) loans to buy an existing business classified as Limited-Service Restaurants in Arizona, totaling $21.7M. The median loan was $400,000. That is 3.2% of the 1,095 acquisition loans in Arizona.
- Loans, FY2018-FY2026
- 35
- Median loan
- $400,000 (middle half $305,250 to $856,000)
- Top lender
- Midwest Regional Bank (17%, 6 loans)
- FY2026 loans (latest complete year)
- 4
SBA lenders approved 35 7(a) loans to buy a business classified as Limited-Service Restaurants in Arizona from FY2018-FY2026, with a median of $400,000 and a middle half of $305,250 to $856,000. Midwest Regional Bank made 17% of them. FY2026 had 4 loans.
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How Limited-Service Restaurants in Arizona compares
| Measure | Limited-Service Restaurants in... | Arizona, all industries | Limited-Service Restaurants, nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $400,000 | $770,000 | $350,000 | $645,250 |
| Middle half of loans | $305,250 to $856,000 | $369,550 to $1,523,600 | $202,500 to $693,375 | $283,000 to $1,465,000 |
| Average initial rate | 8.82% | 8.06% | 7.83% | 7.76% |
| Median term | 10 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | n/a | 3.5% | 5.3% | 3.5% |
| Loans in sample | 35 | 1,095 | 2,222 | 48,902 |
The median for loans to buy fast-food restaurants in Arizona is $400,000, well below the $770,000 median for all Arizona acquisitions, slightly above the $350,000 median for Limited-Service Restaurants acquisitions nationwide and below the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $305,250 to $856,000, against $283,000 to $1,465,000 nationally; the median term is 10 years, the same as the national median; the average initial rate is 8.82%, above the 7.76% national average.
Too few of these loans are old enough to measure a charge-off rate; the national rate for seasoned acquisition loans is 3.5%.
Loan size distribution
| Loan size | Limited-Service Restaurants in... | All acquisitions |
|---|---|---|
| Under $350K | 40% | 30% |
| $350K to under $1M | 40% | 33% |
| $1M to under $2M | 17% | 19% |
| $2M and over | 3% | 17% |
Most loans to buy fast-food restaurants in Arizona (80%) were under $1M, and the largest single band is Under $350K at 40%, against 30% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
Midwest Regional Bank made 17% of loans to buy fast-food restaurants in Arizona, and the top three lenders together made 31%. 2 of the 23 lenders involved made three or more. Only 2 lenders have repeat experience here. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 9 loans to buy fast-food restaurants in Arizona were approved. That is 25% fewer than the 12 approved in FY2023 and FY2024. The median was $506,000, above the $400,000 median across all years.
Limited-Service Restaurants acquisition loans in Arizona by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $1.2M | $348,500 | |
| FY2019 | 5 | $2M | $391,700 | |
| FY2020 | 2 | $702K | $351,000 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 3 | $2M | $401,500 | |
| FY2023 | 9 | $4.8M | $400,000 | |
| FY2024 | 3 | $3.8M | $1,083,400 | |
| FY2025 | 5 | $5.9M | $992,000 | |
| FY2026 | 4 | $1.1M | $282,750 |
How often do these acquisition loans fail?
Fewer than 20 Limited-Service Restaurants in Arizona 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 | Midwest Regional Bank | 6 | 17.1% | $2.3M | |
| 2 | Stearns Bank National Association | 3 | 8.6% | $1M | |
| 3 | Live Oak Banking Company | 2 | 5.7% | $3.3M | |
| 4 | Banc of California | 2 | 5.7% | $1.7M | |
| 5 | Bank of America, National Association | 2 | 5.7% | $735K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Domino's Pizza | 3 | 8.6% | $2.7M | |
| 2 | Dairy Queen | 3 | 8.6% | $1.2M | |
| 3 | Firehouse Subs | 2 | 5.7% | $3.2M | |
| 4 | Jimmy John's | 2 | 5.7% | $725K | |
| 5 | Subway | 2 | 5.7% | $526K |
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Questions buyers ask
How much do SBA loans for Limited-Service Restaurants acquisitions in Arizona run?
The median SBA 7(a) loan was $400,000 across 35 loans (FY2018 to FY2026), with the middle half between $305,250 and $856,000. 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 Limited-Service Restaurants acquisitions in Arizona?
Midwest Regional Bank (6), Stearns Bank National Association (3), Live Oak Banking Company (2), Banc of California (2), Bank of America, National Association (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Limited-Service Restaurants acquisition loans fail in Arizona?
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 Limited-Service Restaurants acquisitions in Arizona?
19 of the 35 loans (54%) involved a franchise brand, most often Domino's Pizza (3).
How much do you need down for an SBA loan to buy a fast-food restaurant in Arizona?
The SBA requires the buyer to make an equity injection, commonly 10% of total project cost, and a lender may ask for more. The SBA file does not record injections, so the figures here are the financed portion: the median for loans to buy fast-food restaurants in Arizona was $400,000, and the middle half ran $305,250 to $856,000.
How long does an SBA acquisition loan take?
For a change-of-ownership 7(a) loan, 45 to 90 days from application to close is typical. It varies by lender and by how quickly third-party reports, such as the business valuation and appraisal, come back. The SBA file records approval dates, not application dates, so this site cannot measure it. Lenders approved 9 loans to buy fast-food restaurants in Arizona in FY2025 and FY2026.
Which banks make SBA loans for a fast-food restaurant in Arizona?
By loan count, FY2018 to FY2026: Midwest Regional Bank (6), Stearns Bank National Association (3), Live Oak Banking Company (2), Banc of California (2), Bank of America, National Association (2). Midwest Regional Bank made 17% of loans to buy fast-food restaurants in Arizona. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
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Related
- All Arizona acquisitions
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Small samples move a lot: each loan in this combination is 3% of the count. Industry is the NAICS code the lender recorded. See the methodology.
Cite this data
SBA Acquisition Data, "Limited-Service Restaurants in Arizona: SBA acquisition loan data", https://sbaacquisitiondata.com/state/az/limited-service-restaurants-722513 (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/state/az/limited-service-restaurants-722513.json.