Limited-Service Restaurants acquisitions in Texas: SBA loan data
Since FY2018, SBA lenders have approved 145 7(a) loans to buy an existing business classified as Limited-Service Restaurants in Texas, totaling $109M. The median loan was $370,000. That is 3.6% of the 4,080 acquisition loans in Texas.
- Loans, FY2018-FY2026
- 145
- Median loan
- $370,000 (middle half $200,000 to $835,000)
- Top lender
- Bank of Hope (9%, 13 loans)
- Charge-off, FY2018-FY2021 loans
- 14.1% (all-acquisition: 3.5%)
- FY2026 loans (latest complete year)
- 14 (-33% vs FY2025)
SBA lenders approved 145 7(a) loans to buy a business classified as Limited-Service Restaurants in Texas from FY2018-FY2026, with a median of $370,000 and a middle half of $200,000 to $835,000. Bank of Hope made 9% of them. FY2026 had 14 loans, down 33% from FY2025.
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How Limited-Service Restaurants in Texas compares
| Measure | Limited-Service Restaurants in... | Texas, all industries | Limited-Service Restaurants, nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $370,000 | $870,000 | $350,000 | $645,250 |
| Middle half of loans | $200,000 to $835,000 | $384,025 to $1,883,250 | $202,500 to $693,375 | $283,000 to $1,465,000 |
| Average initial rate | 8.02% | 7.78% | 7.83% | 7.76% |
| Median term | 10 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | 14.1% | 4.8% | 5.3% | 3.5% |
| Loans in sample | 145 | 4,080 | 2,222 | 48,902 |
The median for loans to buy fast-food restaurants in Texas is $370,000, well below the $870,000 median for all Texas acquisitions, slightly above 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 $200,000 to $835,000, 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 8.02%, above the 7.76% national average.
Seasoned loans were charged off at 14.1%, well above the 4.8% rate for all Texas acquisitions, well above the 5.3% rate for Limited-Service Restaurants acquisitions nationwide and well above the 3.5% rate for all acquisition loans.
Loan size distribution
| Loan size | Limited-Service Restaurants in... | All acquisitions |
|---|---|---|
| Under $350K | 48% | 30% |
| $350K to under $1M | 32% | 33% |
| $1M to under $2M | 10% | 19% |
| $2M and over | 11% | 17% |
Most loans to buy fast-food restaurants in Texas (79%) were under $1M, and the largest single band is Under $350K at 48%, against 30% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
Bank of Hope made 9% of loans to buy fast-food restaurants in Texas, and the top three lenders together made 21%. 14 of the 65 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, 35 loans to buy fast-food restaurants in Texas were approved. That is 9% more than the 32 approved in FY2023 and FY2024. The median was $555,000, well above the $370,000 median across all years.
Limited-Service Restaurants acquisition loans in Texas by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 22 | $11.6M | $228,850 | |
| FY2019 | 23 | $17.2M | $270,000 | |
| FY2020 | 15 | $10.8M | $345,000 | |
| FY2021 | 11 | $6.5M | $303,000 | |
| FY2022 | 7 | $5.2M | $500,000 | |
| FY2023 | 12 | $5.5M | $385,000 | |
| FY2024 | 20 | $21.6M | $555,000 | |
| FY2025 | 21 | $21.3M | $615,000 | |
| FY2026 | 14 | $9.4M | $477,500 |
How often do these acquisition loans fail?
Of the 71 Limited-Service Restaurants in Texas acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 10 have been charged off by the SBA, a rate of 14.1% by loan count and 10.7% by dollars. 38 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 Limited-Service Restaurants in Texas is 300% higher 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 | Bank of Hope | 13 | 9.0% | $2.6M | |
| 2 | PCB Bank | 9 | 6.2% | $2.3M | |
| 3 | Commonwealth Business Bank | 8 | 5.5% | $8.7M | |
| 4 | Hanmi Bank | 8 | 5.5% | $2.8M | |
| 5 | Stearns Bank National Association | 8 | 5.5% | $1.6M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Golden Chick | 6 | 4.1% | $8.8M | |
| 2 | Which Wich | 6 | 4.1% | $1.6M | |
| 3 | Firehouse Subs | 5 | 3.4% | $2.3M | |
| 4 | Domino's Pizza | 4 | 2.8% | $6.8M | |
| 5 | Schlotzsky's | 3 | 2.1% | $6.6M |
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Questions buyers ask
How much do SBA loans for Limited-Service Restaurants acquisitions in Texas run?
The median SBA 7(a) loan was $370,000 across 145 loans (FY2018 to FY2026), with the middle half between $200,000 and $835,000. 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 Texas?
Bank of Hope (13), PCB Bank (9), Commonwealth Business Bank (8), Hanmi Bank (8), Stearns Bank National Association (8). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Limited-Service Restaurants acquisition loans fail in Texas?
14.1% of 71 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 Limited-Service Restaurants acquisitions in Texas?
71 of the 145 loans (49%) involved a franchise brand, most often Golden Chick (6).
How much do you need down for an SBA loan to buy a fast-food restaurant in Texas?
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 Texas was $370,000, and the middle half ran $200,000 to $835,000.
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 35 loans to buy fast-food restaurants in Texas in FY2025 and FY2026.
Which banks make SBA loans for a fast-food restaurant in Texas?
By loan count, FY2018 to FY2026: Bank of Hope (13), PCB Bank (9), Commonwealth Business Bank (8), Hanmi Bank (8), Stearns Bank National Association (8). Bank of Hope made 9% of loans to buy fast-food restaurants in Texas. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
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Related
- All Texas 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 Georgia
- Limited-Service Restaurants in Pennsylvania
- Limited-Service Restaurants in Michigan
- Limited-Service Restaurants in Illinois
- Limited-Service Restaurants in Florida
- Limited-Service Restaurants in Ohio
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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.
Cite this data
SBA Acquisition Data, "Limited-Service Restaurants in Texas: SBA acquisition loan data", https://sbaacquisitiondata.com/state/tx/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/tx/limited-service-restaurants-722513.json.