Full-Service Restaurants acquisitions in Connecticut: SBA loan data
Since FY2018, SBA lenders have approved 11 7(a) loans to buy an existing business classified as Full-Service Restaurants in Connecticut, totaling $5.8M. The median loan was $203,500. That is 2.6% of the 416 acquisition loans in Connecticut.
- Loans, FY2018-FY2026
- 11
- Median loan
- $203,500 (middle half $142,500 to $482,500)
- Top lender
- Manufacturers and Traders Trust Company (27%, 3 loans)
- FY2026 loans (latest complete year)
- 2
SBA lenders approved 11 7(a) loans to buy a business classified as Full-Service Restaurants in Connecticut from FY2018-FY2026, with a median of $203,500 and a middle half of $142,500 to $482,500. Manufacturers and Traders Trust Company made 27% of them. FY2026 had 2 loans.
Seller note standby terms and third-party consents are reviewed before closing.
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How Full-Service Restaurants in Connecticut compares
| Measure | Full-Service Restaurants in... | Connecticut, all industries | Full-Service Restaurants, nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $203,500 | $625,000 | $411,700 | $645,250 |
| Middle half of loans | $142,500 to $482,500 | $249,375 to $1,551,250 | $225,000 to $819,000 | $283,000 to $1,465,000 |
| Average initial rate | 9.00% | 7.86% | 8.08% | 7.76% |
| Median term | 10 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | n/a | 1.7% | 5.9% | 3.5% |
| Loans in sample | 11 | 416 | 2,797 | 48,902 |
The median for loans to buy restaurants in Connecticut is $203,500, well below the $625,000 median for all Connecticut acquisitions, well below the $411,700 median for Full-Service Restaurants acquisitions nationwide and well below the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $142,500 to $482,500, 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 9.00%, 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 | Full-Service Restaurants in... | All acquisitions |
|---|---|---|
| Under $350K | 64% | 30% |
| $350K to under $1M | 27% | 33% |
| $1M to under $2M | 0% | 19% |
| $2M and over | 9% | 17% |
Most loans to buy restaurants in Connecticut (91%) were under $1M, and the largest single band is Under $350K at 64%, against 30% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
Manufacturers and Traders Trust Company made 27% of loans to buy restaurants in Connecticut, and the top three lenders together made 55%. 1 of the 8 lenders involved made three or more. Only 1 lender has 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, 3 loans to buy restaurants in Connecticut were approved. Fewer than 10 loans were approved in FY2023 and FY2024, so no change is computed. The median was $135,000, below the $203,500 median across all years.
Full-Service Restaurants acquisition loans in Connecticut by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $230K | $230,000 | |
| FY2019 | 1 | $204K | $203,500 | |
| FY2020 | 1 | $184K | $184,000 | |
| FY2021 | 1 | $150K | $150,000 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $795K | $794,800 | |
| FY2024 | 3 | $990K | $365,000 | |
| FY2025 | 1 | $3.1M | $3,065,000 | |
| FY2026 | 2 | $185K | $92,500 |
How often do these acquisition loans fail?
Fewer than 20 Full-Service Restaurants in Connecticut 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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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 3 | 27.3% | $829K | |
| 2 | Liberty Bank | 2 | 18.2% | $185K | |
| 3 | ConnectOne Bank | 1 | 9.1% | $3.1M | |
| 4 | Hometown Bank | 1 | 9.1% | $795K | |
| 5 | Centerstone SBA Lending, Inc. | 1 | 9.1% | $365K |
Top franchise brands
No franchise brands recorded in this combination.
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much do SBA loans for Full-Service Restaurants acquisitions in Connecticut run?
The median SBA 7(a) loan was $203,500 across 11 loans (FY2018 to FY2026). 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 Connecticut?
Manufacturers and Traders Trust Company (3), Liberty Bank (2), ConnectOne Bank (1), Hometown Bank (1), Centerstone SBA Lending, Inc. (1).
How often do Full-Service Restaurants acquisition loans fail in Connecticut?
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 Connecticut?
None of the 11 loans in this combination were recorded with a franchise brand.
How much do you need down for an SBA loan to buy a restaurant in Connecticut?
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 restaurants in Connecticut was $203,500, and the middle half ran $142,500 to $482,500.
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 3 loans to buy restaurants in Connecticut in FY2025 and FY2026.
Which banks make SBA loans for a restaurant in Connecticut?
By loan count, FY2018 to FY2026: Manufacturers and Traders Trust Company (3), Liberty Bank (2), ConnectOne Bank (1), Hometown Bank (1), Centerstone SBA Lending, Inc. (1). Manufacturers and Traders Trust Company made 27% of loans to buy restaurants in Connecticut. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
Seller note standby terms and third-party consents are reviewed before closing.
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Related
- All Connecticut 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
- Beer, Wine, and Liquor Retailers in Connecticut
- General Automotive Repair in Connecticut
- Limited-Service Restaurants in Connecticut
- Beauty Salons in Connecticut
Small samples move a lot: each loan in this combination is 9% of the count. Industry is the NAICS code the lender recorded. See the methodology.
Cite this data
SBA Acquisition Data, "Full-Service Restaurants in Connecticut: SBA acquisition loan data", https://sbaacquisitiondata.com/state/ct/full-service-restaurants-722511 (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/ct/full-service-restaurants-722511.json.