Full-Service Restaurants acquisitions in Ohio: SBA loan data
Since FY2018, SBA lenders have approved 79 7(a) loans to buy an existing business classified as Full-Service Restaurants in Ohio, totaling $37.6M. The median loan was $357,000. That is 4.3% of the 1,821 acquisition loans in Ohio.
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How this compares
The median Full-Service Restaurants loan in Ohio is 35% lower than the $549,000 median for all Ohio acquisitions, and 13% lower than the $411,700 median for Full-Service Restaurants acquisitions nationwide (2,797 loans).
On losses, 2.6% of seasoned Full-Service Restaurants loans in Ohio were charged off, 34% higher than the 1.9% rate for all Ohio acquisitions, and 56% lower than the 5.9% rate for the industry nationally.
Full-Service Restaurants acquisition loans in Ohio by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 7 | $3.1M | $572,400 | |
| FY2019 | 19 | $9.4M | $378,000 | |
| FY2020 | 7 | $5.2M | $644,500 | |
| FY2021 | 6 | $2.4M | $324,900 | |
| FY2022 | 6 | $2.6M | $342,500 | |
| FY2023 | 2 | $1M | $510,000 | |
| FY2024 | 11 | $5.5M | $390,000 | |
| FY2025 | 9 | $3.5M | $246,000 | |
| FY2026 | 12 | $4.9M | $309,450 |
How often do these acquisition loans fail?
Of the 39 Full-Service Restaurants in Ohio acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 2.6% by loan count and 1.0% by dollars. 13 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Full-Service Restaurants in Ohio is 27% lower than the acquisition-loan average. 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 | The Huntington National Bank | 39 | 49.4% | $13.8M | |
| 2 | Gulf Coast Bank and Trust Company | 3 | 3.8% | $2M | |
| 3 | First Financial Bank | 3 | 3.8% | $1.4M | |
| 4 | Telhio Credit Union Inc | 3 | 3.8% | $949K | |
| 5 | KeyBank National Association | 2 | 2.5% | $4M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Buffalo Wings & Rings | 2 | 2.5% | $1.8M | |
| 2 | East of Chicago Pizza | 2 | 2.5% | $498K | |
| 3 | Dairy Queen | 1 | 1.3% | $572K | |
| 4 | Beef 'O' Brady's | 1 | 1.3% | $304K | |
| 5 | Firehouse Subs | 1 | 1.3% | $176K |
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Questions buyers ask
How much do SBA loans for Full-Service Restaurants acquisitions in Ohio run?
The median SBA 7(a) loan was $357,000 across 79 loans (FY2018 to FY2026), with the middle half between $187,900 and $596,000. 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 Full-Service Restaurants acquisitions in Ohio?
The Huntington National Bank (39), Gulf Coast Bank and Trust Company (3), First Financial Bank (3), Telhio Credit Union Inc (3), KeyBank National Association (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Full-Service Restaurants acquisition loans fail in Ohio?
2.6% of 39 seasoned loans (FY2018 to FY2021) were charged off, against 3.5% 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 Full-Service Restaurants acquisitions in Ohio?
19 of the 79 loans (24%) involved a franchise brand, most often Buffalo Wings & Rings (2).
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Related
- All Ohio acquisitions
- Financing one? How to get an SBA loan to buy a restaurant
- Full-Service Restaurants nationally
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- Full-Service Restaurants in Texas
- Full-Service Restaurants in Florida
- Full-Service Restaurants in Washington
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- Full-Service Restaurants in Pennsylvania
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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.