Limited-Service Restaurants acquisitions in Kentucky: SBA loan data
Since FY2018, SBA lenders have approved 26 7(a) loans to buy an existing business classified as Limited-Service Restaurants in Kentucky, totaling $20.7M. The median loan was $325,800. That is 5.8% of the 445 acquisition loans in Kentucky.
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How this compares
The median Limited-Service Restaurants loan in Kentucky is 35% lower than the $500,000 median for all Kentucky acquisitions, and 7% lower 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 2.0% of seasoned Kentucky acquisition loans of any type.
Limited-Service Restaurants acquisition loans in Kentucky by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $319K | $159,400 | |
| FY2019 | 2 | $604K | $302,000 | |
| FY2020 | 1 | $1.1M | $1,098,000 | |
| FY2021 | 6 | $7.2M | $523,800 | |
| FY2022 | 5 | $3.5M | $573,600 | |
| FY2023 | 5 | $817K | $196,700 | |
| FY2024 | 2 | $280K | $140,000 | |
| FY2025 | 3 | $6.8M | $1,845,100 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Limited-Service Restaurants in Kentucky 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 | Old National Bank | 4 | 15.4% | $497K | |
| 2 | Peoples Bank | 3 | 11.5% | $2.2M | |
| 3 | Stock Yards Bank & Trust Company | 3 | 11.5% | $919K | |
| 4 | Community Trust Bank, Inc. | 3 | 11.5% | $555K | |
| 5 | Republic Bank & Trust Company | 2 | 7.7% | $4.9M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Subway | 8 | 30.8% | $4.6M | |
| 2 | Crumbl | 1 | 3.8% | $4.5M | |
| 3 | Tropical Smoothie Cafe | 1 | 3.8% | $1.8M | |
| 4 | Domino's Pizza | 1 | 3.8% | $1.1M | |
| 5 | Dairy Queen | 1 | 3.8% | $875K |
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Questions buyers ask
How much do SBA loans for Limited-Service Restaurants acquisitions in Kentucky run?
The median SBA 7(a) loan was $325,800 across 26 loans (FY2018 to FY2026), with the middle half between $179,100 and $712,000. 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 Kentucky?
Old National Bank (4), Peoples Bank (3), Stock Yards Bank & Trust Company (3), Community Trust Bank, Inc. (3), Republic Bank & Trust Company (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 Kentucky?
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 Kentucky?
17 of the 26 loans (65%) involved a franchise brand, most often Subway (8).
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Related
- All Kentucky 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 Kentucky
- Full-Service Restaurants in Kentucky
- All Other Specialty Trade Contractors in Kentucky
- Fitness and Recreational Sports Centers in Kentucky
- Plumbing, Heating, and Air-Conditioning Contractors in Kentucky
Small samples move a lot: each loan in this combination is 4% of the count. Industry is the NAICS code the lender recorded. See the methodology.