Limited-Service Restaurants acquisitions in Indiana: SBA loan data
Since FY2018, SBA lenders have approved 60 7(a) loans to buy an existing business classified as Limited-Service Restaurants in Indiana, totaling $31.9M. The median loan was $350,000. That is 5.2% of the 1,158 acquisition loans in Indiana.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
How this compares
The median Limited-Service Restaurants loan in Indiana is 33% lower than the $521,250 median for all Indiana acquisitions, and in line with the $350,000 median for Limited-Service Restaurants acquisitions nationwide (2,222 loans).
On losses, 6.5% of seasoned Limited-Service Restaurants loans in Indiana were charged off, 107% higher than the 3.1% rate for all Indiana acquisitions, and 22% higher than the 5.3% rate for the industry nationally.
Limited-Service Restaurants acquisition loans in Indiana by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $3.5M | $1,182,000 | |
| FY2019 | 9 | $2.6M | $228,700 | |
| FY2020 | 8 | $3.2M | $261,150 | |
| FY2021 | 11 | $3.6M | $347,000 | |
| FY2022 | 4 | $1.1M | $156,600 | |
| FY2023 | 8 | $6M | $375,000 | |
| FY2024 | 8 | $4M | $459,000 | |
| FY2025 | 3 | $2.3M | $611,400 | |
| FY2026 | 6 | $5.6M | $509,000 |
How often do these acquisition loans fail?
Of the 31 Limited-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 6.5% by loan count and 1.9% by dollars. 21 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 Limited-Service Restaurants in Indiana is 83% 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.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | First Internet Bank of Indiana | 7 | 11.7% | $7.3M | |
| 2 | The Huntington National Bank | 6 | 10.0% | $2.4M | |
| 3 | Merchants Bank of Indiana | 5 | 8.3% | $3.3M | |
| 4 | Centier Bank | 5 | 8.3% | $938K | |
| 5 | German American Bank | 4 | 6.7% | $813K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Subway | 11 | 18.3% | $5.3M | |
| 2 | Dairy Queen | 10 | 16.7% | $6.4M | |
| 3 | Little Caesars | 5 | 8.3% | $4.8M | |
| 4 | Domino's Pizza | 2 | 3.3% | $517K | |
| 5 | Tropical Smoothie Cafe | 1 | 1.7% | $405K |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Questions buyers ask
How much do SBA loans for Limited-Service Restaurants acquisitions in Indiana run?
The median SBA 7(a) loan was $350,000 across 60 loans (FY2018 to FY2026), with the middle half between $187,550 and $620,000. 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 Indiana?
First Internet Bank of Indiana (7), The Huntington National Bank (6), Merchants Bank of Indiana (5), Centier Bank (5), German American Bank (4). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Limited-Service Restaurants acquisition loans fail in Indiana?
6.5% of 31 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 Limited-Service Restaurants acquisitions in Indiana?
38 of the 60 loans (63%) involved a franchise brand, most often Subway (11).
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- All Indiana acquisitions
- Financing one? How to get an SBA loan to buy a fast food restaurant
- Limited-Service Restaurants nationally
- Limited-Service Restaurants in California
- Limited-Service Restaurants in Washington
- Limited-Service Restaurants in Texas
- Limited-Service Restaurants in Georgia
- Limited-Service Restaurants in Pennsylvania
- Limited-Service Restaurants in Michigan
- Limited-Service Restaurants in Illinois
- Limited-Service Restaurants in Florida
- Hotels and Motels in Indiana
- Full-Service Restaurants in Indiana
- Plumbing, Heating, and Air-Conditioning Contractors in Indiana
- General Automotive Repair in Indiana
- Landscaping Services in Indiana
- 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.