Limited-Service Restaurants acquisitions in New York: SBA loan data
Since FY2018, SBA lenders have approved 72 7(a) loans to buy an existing business classified as Limited-Service Restaurants in New York, totaling $50.9M. The median loan was $350,000. That is 4.7% of the 1,530 acquisition loans in New York.
- Loans, FY2018-FY2026
- 72
- Median loan
- $350,000 (middle half $150,000 to $850,000)
- Top lender
- Manufacturers and Traders Trust Company (28%, 20 loans)
- Charge-off, FY2018-FY2021 loans
- 0.0% (all-acquisition: 3.5%)
- FY2026 loans (latest complete year)
- 13
SBA lenders approved 72 7(a) loans to buy a business classified as Limited-Service Restaurants in New York from FY2018-FY2026, with a median of $350,000 and a middle half of $150,000 to $850,000. None of 29 seasoned loans were charged off, against the 3.5% all-acquisition rate. FY2026 had 13 loans.
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How Limited-Service Restaurants in New York compares
| Measure | Limited-Service Restaurants in... | New York, all industries | Limited-Service Restaurants, nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $350,000 | $577,500 | $350,000 | $645,250 |
| Middle half of loans | $150,000 to $850,000 | $220,000 to $1,356,000 | $202,500 to $693,375 | $283,000 to $1,465,000 |
| Average initial rate | 8.25% | 7.83% | 7.83% | 7.76% |
| Median term | 10 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | 0.0% | 2.7% | 5.3% | 3.5% |
| Loans in sample | 72 | 1,530 | 2,222 | 48,902 |
The median for loans to buy fast-food restaurants in New York is $350,000, below the $577,500 median for all New York acquisitions, in line with the $350,000 median for Limited-Service Restaurants acquisitions nationwide and well below the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $150,000 to $850,000, against $283,000 to $1,465,000 nationally; the median term is 10 years, the same as the national median; the average initial rate is 8.25%, above the 7.76% national average.
None of the seasoned loans were charged off, against 2.7% for all New York acquisitions, 5.3% for Limited-Service Restaurants acquisitions nationwide and 3.5% for all acquisition loans.
Loan size distribution
| Loan size | Limited-Service Restaurants in... | All acquisitions |
|---|---|---|
| Under $350K | 46% | 30% |
| $350K to under $1M | 29% | 33% |
| $1M to under $2M | 15% | 19% |
| $2M and over | 10% | 17% |
Most loans to buy fast-food restaurants in New York (75%) were under $1M, and the largest single band is Under $350K at 46%, against 30% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
Manufacturers and Traders Trust Company made 28% of loans to buy fast-food restaurants in New York, and the top three lenders together made 40%. 8 of the 29 lenders involved made three or more. Repeat experience is spread across many banks. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 22 loans to buy fast-food restaurants in New York were approved. That is 38% more than the 16 approved in FY2023 and FY2024. The median was $452,250, above the $350,000 median across all years.
Limited-Service Restaurants acquisition loans in New York by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 5 | $1.4M | $197,000 | |
| FY2019 | 11 | $7.5M | $659,700 | |
| FY2020 | 4 | $4.2M | $920,000 | |
| FY2021 | 9 | $9.2M | $350,000 | |
| FY2022 | 5 | $1.8M | $350,000 | |
| FY2023 | 6 | $938K | $51,000 | |
| FY2024 | 10 | $6.2M | $241,000 | |
| FY2025 | 9 | $9.4M | $786,100 | |
| FY2026 | 13 | $10.3M | $350,000 |
How often do these acquisition loans fail?
Of the 29 Limited-Service Restaurants in New York acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 16 have already been paid in full.
For comparison, Limited-Service Restaurants in New York has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. 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 | Manufacturers and Traders Trust Company | 20 | 27.8% | $4.1M | |
| 2 | Hanmi Bank | 5 | 6.9% | $3.9M | |
| 3 | Live Oak Banking Company | 4 | 5.6% | $7M | |
| 4 | Banc of California | 4 | 5.6% | $5.6M | |
| 5 | The Huntington National Bank | 4 | 5.6% | $2.8M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Subway | 7 | 9.7% | $1.4M | |
| 2 | Domino's Pizza | 4 | 5.6% | $5.6M | |
| 3 | Salsarita's Fresh Cantina | 4 | 5.6% | $674K | |
| 4 | Jersey Mike's Subs | 3 | 4.2% | $5.6M | |
| 5 | Tropical Smoothie Cafe | 2 | 2.8% | $2.4M |
The purchase agreement decides what you bought, not the loan approval.
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Questions buyers ask
How much do SBA loans for Limited-Service Restaurants acquisitions in New York run?
The median SBA 7(a) loan was $350,000 across 72 loans (FY2018 to FY2026), with the middle half between $150,000 and $850,000. 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 New York?
Manufacturers and Traders Trust Company (20), Hanmi Bank (5), Live Oak Banking Company (4), Banc of California (4), The Huntington National Bank (4). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Limited-Service Restaurants acquisition loans fail in New York?
Of 29 seasoned loans (FY2018 to FY2021), none were charged off, against the 3.5% rate for all SBA acquisition loans. With a sample this size, treat the figure as a direction, not a precise rate.
Are franchised businesses part of Limited-Service Restaurants acquisitions in New York?
28 of the 72 loans (39%) involved a franchise brand, most often Subway (7).
How much do you need down for an SBA loan to buy a fast-food restaurant in New York?
The SBA requires the buyer to make an equity injection, commonly 10% of total project cost, and a lender may ask for more. The SBA file does not record injections, so the figures here are the financed portion: the median for loans to buy fast-food restaurants in New York was $350,000, and the middle half ran $150,000 to $850,000.
How long does an SBA acquisition loan take?
For a change-of-ownership 7(a) loan, 45 to 90 days from application to close is typical. It varies by lender and by how quickly third-party reports, such as the business valuation and appraisal, come back. The SBA file records approval dates, not application dates, so this site cannot measure it. Lenders approved 22 loans to buy fast-food restaurants in New York in FY2025 and FY2026.
Which banks make SBA loans for a fast-food restaurant in New York?
By loan count, FY2018 to FY2026: Manufacturers and Traders Trust Company (20), Hanmi Bank (5), Live Oak Banking Company (4), Banc of California (4), The Huntington National Bank (4). Manufacturers and Traders Trust Company made 28% of loans to buy fast-food restaurants in New York. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- All New York 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 New York
- Full-Service Restaurants in New York
- Hotels and Motels in New York
- Drycleaning and Laundry Services in New York
- Supermarkets and Other Grocery Retailers in New York
- Insurance Agencies and Brokerages in New York
- Funeral Homes and Funeral Services in New York
- General Automotive Repair in New York
Small samples move a lot: each loan in this combination is 1% of the count. Industry is the NAICS code the lender recorded. See the methodology.
Cite this data
SBA Acquisition Data, "Limited-Service Restaurants in New York: SBA acquisition loan data", https://sbaacquisitiondata.com/state/ny/limited-service-restaurants-722513 (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/state/ny/limited-service-restaurants-722513.json.