Full-Service Restaurants acquisitions in Montana: SBA loan data
Since FY2018, SBA lenders have approved 13 7(a) loans to buy an existing business classified as Full-Service Restaurants in Montana, totaling $3.4M. The median loan was $150,000. That is 4.6% of the 283 acquisition loans in Montana.
Terms signed in the LOI shape the purchase agreement that follows.
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How this compares
The median Full-Service Restaurants loan in Montana is 67% lower than the $457,000 median for all Montana acquisitions, and 64% lower than the $411,700 median for Full-Service Restaurants acquisitions nationwide (2,797 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 5.9% of seasoned Full-Service Restaurants acquisition loans were charged off, and 1.5% of seasoned Montana acquisition loans of any type.
Full-Service Restaurants acquisition loans in Montana by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $228K | $114,000 | |
| FY2019 | 3 | $553K | $222,600 | |
| FY2020 | 2 | $372K | $185,900 | |
| FY2021 | 2 | $295K | $147,600 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 4 | $2M | $192,500 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Full-Service Restaurants in Montana 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.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Glacier Bank | 4 | 30.8% | $771K | |
| 2 | Montana Community Development Corp. | 3 | 23.1% | $390K | |
| 3 | Bank of Bridger National Association | 2 | 15.4% | $295K | |
| 4 | First Interstate Bank | 1 | 7.7% | $1.5M | |
| 5 | Opportunity Bank of Montana | 1 | 7.7% | $285K |
Top franchise brands
No franchise brands recorded in this combination.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Questions buyers ask
How much do SBA loans for Full-Service Restaurants acquisitions in Montana run?
The median SBA 7(a) loan was $150,000 across 13 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 Full-Service Restaurants acquisitions in Montana?
Glacier Bank (4), Montana Community Development Corp. (3), Bank of Bridger National Association (2), First Interstate Bank (1), Opportunity Bank of Montana (1).
How often do Full-Service Restaurants acquisition loans fail in Montana?
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 Full-Service Restaurants acquisitions in Montana?
None of the 13 loans in this combination were recorded with a franchise brand.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- All Montana 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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- Gasoline Stations with Convenience Stores in Montana
- Limited-Service Restaurants in Montana
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Small samples move a lot: each loan in this combination is 8% of the count. Industry is the NAICS code the lender recorded. See the methodology.