Limited-Service Restaurants acquisitions in Maryland: SBA loan data
Since FY2018, SBA lenders have approved 30 7(a) loans to buy an existing business classified as Limited-Service Restaurants in Maryland, totaling $15.2M. The median loan was $350,000. That is 4.4% of the 679 acquisition loans in Maryland.
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 Maryland is 46% lower than the $653,000 median for all Maryland acquisitions, and in line with 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 5.4% of seasoned Maryland acquisition loans of any type.
Limited-Service Restaurants acquisition loans in Maryland by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $1M | $191,000 | |
| FY2019 | 5 | $2.9M | $400,000 | |
| FY2020 | 6 | $2.5M | $197,500 | |
| FY2021 | 3 | $746K | $300,000 | |
| FY2022 | 4 | $3.5M | $801,650 | |
| FY2023 | 2 | $1.9M | $936,000 | |
| FY2024 | 1 | $270K | $270,000 | |
| FY2025 | 4 | $1.5M | $260,000 | |
| FY2026 | 1 | $917K | $917,000 |
How often do these acquisition loans fail?
Fewer than 20 Limited-Service Restaurants in Maryland 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Stearns Bank National Association | 4 | 13.3% | $1.1M | |
| 2 | Hanmi Bank | 4 | 13.3% | $863K | |
| 3 | Fulton Bank, National Association | 3 | 10.0% | $2M | |
| 4 | Manufacturers and Traders Trust Company | 3 | 10.0% | $1.7M | |
| 5 | TowneBank | 3 | 10.0% | $585K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Subway | 5 | 16.7% | $1.1M | |
| 2 | Rita's Ice-Custard-Happiness | 2 | 6.7% | $1.4M | |
| 3 | Domino's Pizza | 2 | 6.7% | $1.4M | |
| 4 | WNB Factory | 1 | 3.3% | $917K | |
| 5 | Jimmy John's | 1 | 3.3% | $865K |
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 Maryland run?
The median SBA 7(a) loan was $350,000 across 30 loans (FY2018 to FY2026), with the middle half between $204,750 and $740,750. 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 Maryland?
Stearns Bank National Association (4), Hanmi Bank (4), Fulton Bank, National Association (3), Manufacturers and Traders Trust Company (3), TowneBank (3). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Limited-Service Restaurants acquisition loans fail in Maryland?
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 Maryland?
19 of the 30 loans (63%) involved a franchise brand, most often Subway (5).
Seller note standby terms and third-party consents are reviewed before closing.
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Related
- All Maryland 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
- Beer, Wine, and Liquor Retailers in Maryland
- Full-Service Restaurants in Maryland
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- Hotels and Motels in Maryland
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- Child Care Services in Maryland
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- All Other Specialty Trade Contractors in Maryland
Small samples move a lot: each loan in this combination is 3% of the count. Industry is the NAICS code the lender recorded. See the methodology.