Limited-Service Restaurants acquisitions in Kansas: SBA loan data
Since FY2018, SBA lenders have approved 17 7(a) loans to buy an existing business classified as Limited-Service Restaurants in Kansas, totaling $11.2M. The median loan was $396,000. That is 3.2% of the 531 acquisition loans in Kansas.
Terms signed in the LOI shape the purchase agreement that follows.
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How this compares
The median Limited-Service Restaurants loan in Kansas is 30% lower than the $565,500 median for all Kansas acquisitions, and 13% higher than the $350,000 median for Limited-Service Restaurants acquisitions nationwide (2,222 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 5.3% of seasoned Limited-Service Restaurants acquisition loans were charged off, and 4.9% of seasoned Kansas acquisition loans of any type.
Limited-Service Restaurants acquisition loans in Kansas by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $160K | $160,000 | |
| FY2019 | 3 | $3.1M | $685,000 | |
| FY2020 | 1 | $595K | $595,000 | |
| FY2021 | 2 | $615K | $307,500 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 5 | $2.5M | $340,200 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 2 | $781K | $390,250 | |
| FY2026 | 3 | $3.4M | $1,200,000 |
How often do these acquisition loans fail?
Fewer than 20 Limited-Service Restaurants in Kansas 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 | Community National Bank & Trust | 4 | 23.5% | $2.5M | |
| 2 | Live Oak Banking Company | 2 | 11.8% | $2.2M | |
| 3 | UMB Bank, National Association | 2 | 11.8% | $615K | |
| 4 | Wells Fargo Bank National Association | 1 | 5.9% | $2.2M | |
| 5 | Truliant FCU | 1 | 5.9% | $1.3M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Dairy Queen | 7 | 41.2% | $6.1M | |
| 2 | Goodcents | 3 | 17.6% | $775K | |
| 3 | Culver's | 1 | 5.9% | $2.2M | |
| 4 | Smoothie King | 1 | 5.9% | $595K | |
| 5 | Domino's Pizza | 1 | 5.9% | $180K |
Seller note standby terms and third-party consents are reviewed before closing.
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Questions buyers ask
How much do SBA loans for Limited-Service Restaurants acquisitions in Kansas run?
The median SBA 7(a) loan was $396,000 across 17 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 Limited-Service Restaurants acquisitions in Kansas?
Community National Bank & Trust (4), Live Oak Banking Company (2), UMB Bank, National Association (2), Wells Fargo Bank National Association (1), Truliant FCU (1).
How often do Limited-Service Restaurants acquisition loans fail in Kansas?
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 Kansas?
14 of the 17 loans (82%) involved a franchise brand, most often Dairy Queen (7).
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Related
- All Kansas 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
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Small samples move a lot: each loan in this combination is 6% of the count. Industry is the NAICS code the lender recorded. See the methodology.