Full-Service Restaurants acquisitions in Indiana: SBA loan data
Since FY2018, SBA lenders have approved 59 7(a) loans to buy an existing business classified as Full-Service Restaurants in Indiana, totaling $27.3M. The median loan was $343,400. That is 5.1% of the 1,158 acquisition loans in Indiana.
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How this compares
The median Full-Service Restaurants loan in Indiana is 34% lower than the $521,250 median for all Indiana acquisitions, and 17% lower than the $411,700 median for Full-Service Restaurants acquisitions nationwide (2,797 loans).
On losses, 8.0% of seasoned Full-Service Restaurants loans in Indiana were charged off, 156% higher than the 3.1% rate for all Indiana acquisitions, and 37% higher than the 5.9% rate for the industry nationally.
Full-Service Restaurants acquisition loans in Indiana by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 7 | $2.3M | $92,000 | |
| FY2019 | 7 | $3M | $530,000 | |
| FY2020 | 7 | $3.2M | $370,600 | |
| FY2021 | 4 | $393K | $60,000 | |
| FY2022 | 6 | $3.8M | $350,000 | |
| FY2023 | 8 | $3.1M | $408,400 | |
| FY2024 | 8 | $2.3M | $197,900 | |
| FY2025 | 7 | $4.6M | $537,000 | |
| FY2026 | 5 | $4.5M | $410,000 |
How often do these acquisition loans fail?
Of the 25 Full-Service Restaurants in Indiana acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 2 have been charged off by the SBA, a rate of 8.0% by loan count and 7.0% by dollars. 12 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Full-Service Restaurants in Indiana is 127% higher than the acquisition-loan average. 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 | 11.9% | $2.5M | |
| 2 | Centier Bank | 6 | 10.2% | $2.7M | |
| 3 | Stock Yards Bank & Trust Company | 5 | 8.5% | $2.7M | |
| 4 | 1st Source Bank | 5 | 8.5% | $1.6M | |
| 5 | First Merchants Bank | 3 | 5.1% | $1.4M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Subway | 5 | 8.5% | $841K | |
| 2 | Little Caesars | 3 | 5.1% | $2.4M | |
| 3 | Ritter's Frozen Custard | 2 | 3.4% | $298K | |
| 4 | Hungry Howie's Pizza | 1 | 1.7% | $92K |
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Questions buyers ask
How much do SBA loans for Full-Service Restaurants acquisitions in Indiana run?
The median SBA 7(a) loan was $343,400 across 59 loans (FY2018 to FY2026), with the middle half between $155,000 and $597,500. 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 Indiana?
The Huntington National Bank (7), Centier Bank (6), Stock Yards Bank & Trust Company (5), 1st Source Bank (5), First Merchants Bank (3). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Full-Service Restaurants acquisition loans fail in Indiana?
8.0% of 25 seasoned loans (FY2018 to FY2021) were charged off, against 3.5% for all SBA acquisition loans. With a sample this size, treat the figure as a direction, not a precise rate.
Are franchised businesses part of Full-Service Restaurants acquisitions in Indiana?
17 of the 59 loans (29%) involved a franchise brand, most often Subway (5).
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Related
- All Indiana 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
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- All Other Specialty Trade Contractors in Indiana
- Offices of Certified Public Accountants in Indiana
- Beer, Wine, and Liquor Retailers in Indiana
Small samples move a lot: each loan in this combination is 2% of the count. Industry is the NAICS code the lender recorded. See the methodology.