Limited-Service Restaurants acquisitions in Wisconsin: SBA loan data
Since FY2018, SBA lenders have approved 65 7(a) loans to buy an existing business classified as Limited-Service Restaurants in Wisconsin, totaling $46.4M. The median loan was $441,400. That is 4.5% of the 1,452 acquisition loans in Wisconsin.
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How this compares
The median Limited-Service Restaurants loan in Wisconsin is 22% lower than the $562,750 median for all Wisconsin acquisitions, and 26% higher than the $350,000 median for Limited-Service Restaurants acquisitions nationwide (2,222 loans).
On losses, 2.9% of seasoned Limited-Service Restaurants loans in Wisconsin were charged off, 8% higher than the 2.6% rate for all Wisconsin acquisitions, and 46% lower than the 5.3% rate for the industry nationally.
Limited-Service Restaurants acquisition loans in Wisconsin by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 7 | $3.3M | $450,000 | |
| FY2019 | 9 | $7.8M | $500,000 | |
| FY2020 | 6 | $5.2M | $512,000 | |
| FY2021 | 13 | $11.6M | $668,000 | |
| FY2022 | 8 | $4.9M | $393,000 | |
| FY2023 | 6 | $3.5M | $286,500 | |
| FY2024 | 4 | $1.4M | $405,700 | |
| FY2025 | 9 | $5.2M | $420,000 | |
| FY2026 | 3 | $3.6M | $354,000 |
How often do these acquisition loans fail?
Of the 35 Limited-Service Restaurants in Wisconsin 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 2.9% by loan count and 1.0% by dollars. 19 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 Wisconsin is 19% 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 | 6 | 9.2% | $3.3M | |
| 2 | Associated Bank National Association | 4 | 6.2% | $4M | |
| 3 | Waukesha State Bank | 4 | 6.2% | $2.4M | |
| 4 | First Citizens State Bank | 3 | 4.6% | $2.3M | |
| 5 | Western State Bank | 3 | 4.6% | $1.1M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Dairy Queen | 8 | 12.3% | $3.8M | |
| 2 | Subway | 6 | 9.2% | $1.7M | |
| 3 | Culver's | 4 | 6.2% | $8.2M | |
| 4 | Papa Murphy's Take 'N' Bake Pizza | 4 | 6.2% | $1.6M | |
| 5 | Toppers Pizza | 3 | 4.6% | $2.3M |
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Questions buyers ask
How much do SBA loans for Limited-Service Restaurants acquisitions in Wisconsin run?
The median SBA 7(a) loan was $441,400 across 65 loans (FY2018 to FY2026), with the middle half between $274,000 and $720,000. 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 Wisconsin?
The Huntington National Bank (6), Associated Bank National Association (4), Waukesha State Bank (4), First Citizens State Bank (3), Western State Bank (3). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Limited-Service Restaurants acquisition loans fail in Wisconsin?
2.9% of 35 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 Wisconsin?
46 of the 65 loans (71%) involved a franchise brand, most often Dairy Queen (8).
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Related
- All Wisconsin 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
- Full-Service Restaurants in Wisconsin
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Small samples move a lot: each loan in this combination is 2% of the count. Industry is the NAICS code the lender recorded. See the methodology.