Limited-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 Limited-Service Restaurants in Montana, totaling $4.1M. The median loan was $266,400. That is 4.6% of the 283 acquisition loans in Montana.
Seller note standby terms and third-party consents are reviewed before closing.
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How this compares
The median Limited-Service Restaurants loan in Montana is 42% lower than the $457,000 median for all Montana acquisitions, and 24% 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 1.5% of seasoned Montana acquisition loans of any type.
Limited-Service Restaurants acquisition loans in Montana by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $142K | $71,200 | |
| FY2019 | 1 | $117K | $117,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 1 | $220K | $220,000 | |
| FY2022 | 4 | $2.2M | $412,200 | |
| FY2023 | 1 | $454K | $453,800 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $300K | $300,000 | |
| FY2026 | 3 | $675K | $275,000 |
How often do these acquisition loans fail?
Fewer than 20 Limited-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.
The purchase agreement decides what you bought, not the loan approval.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Glacier Bank | 3 | 23.1% | $839K | |
| 2 | Bankwell Bank | 2 | 15.4% | $650K | |
| 3 | Newtek Bank, National Association | 2 | 15.4% | $325K | |
| 4 | First Interstate Bank | 1 | 7.7% | $1.2M | |
| 5 | Celtic Bank Corporation | 1 | 7.7% | $454K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Cold Stone Creamery | 2 | 15.4% | $431K | |
| 2 | Dickey's Barbecue Pit | 2 | 15.4% | $325K | |
| 3 | Dairy Queen | 1 | 7.7% | $1.2M | |
| 4 | Little Caesars | 1 | 7.7% | $558K | |
| 5 | Subway | 1 | 7.7% | $350K |
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much do SBA loans for Limited-Service Restaurants acquisitions in Montana run?
The median SBA 7(a) loan was $266,400 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 Limited-Service Restaurants acquisitions in Montana?
Glacier Bank (3), Bankwell Bank (2), Newtek Bank, National Association (2), First Interstate Bank (1), Celtic Bank Corporation (1).
How often do Limited-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 Limited-Service Restaurants acquisitions in Montana?
9 of the 13 loans (69%) involved a franchise brand, most often Cold Stone Creamery (2).
Seller note standby terms and third-party consents are reviewed before closing.
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Related
- All Montana 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 Montana
- Gasoline Stations with Convenience Stores in Montana
- Full-Service Restaurants in Montana
- Landscaping Services in Montana
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.