SBA lending record

Shane's Rib Shack

5220 NEW FASHION WAY, Charlotte, NC 28278 · Full-Service Restaurants. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$982K

Total SBA financing

Loan on record

FY2023

On record

Jobs supported

Franchise brand

Shane's Rib Shack

See Shane's Rib Shack's SBA financing data — typical deal, failure rate, and how its loans perform →

● business — business location is the ZIP-area centroid from the public record

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The loan

$982,000 — FY2023

Gross approval: $982,000
SBA guaranteed: $736,500 (75%)
Status: In workout — SBA bought the guarantee
Rate at approval: 11.25% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 9/29/2023
First disbursement: 10/3/2023
Days to fund: 4 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 72
Business type: Corporation
Business age: New Business or 2 years or less
Industry: Full-Service Restaurants
NAICS code: 722511
Franchise: Shane's Rib Shack
Franchise code: S1558
Lender: First Internet Bank of Indiana
Address: 5220 NEW FASHION WAY
City: Charlotte, 28278
County: Mecklenburg
SBA district office: NORTH CAROLINA DISTRICT OFFICE
Congressional district: 12

The lender

First Internet Bank of Indiana

1 loan to this businessFull SBA lending record + branches on the lender page →

Find SBA lenders for businesses like this

The banks most active funding full-service restaurants — by location, industry, and brand.

SBA lenders in North Carolina Lenders for full-service restaurants Full-Service Restaurants lenders in North Carolina Shane's Rib Shack lenders Shane's Rib Shack lenders in North Carolina

Other Shane's Rib Shack locations

Other Shane's Rib Shack businesses in the public SBA record — closest first, by location and deal size.

Shane's Rib Shack

Columbus, GA· ~291 mi

Shane's Rib Shack

$442K
SBA financing: ≈ $867K–$1.4M
Est. revenue (rough)

View record

Similar businesses

Comparable full-service restaurants in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

Tarimoro28 LLC

Lexington, SC· ~83 mi

Full-Service Restaurants

$900K
SBA financing: ≈ $1.8M–$2.9M
Est. revenue (rough)

View record

Eastern Sunrise Inc

Columbia, SC· ~76 mi

Full-Service Restaurants

$999K
SBA financing: ≈ $2.0M–$3.3M
Est. revenue (rough)

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Southside JQ L.L.C.

Lexington, SC· ~83 mi

Voodoo Brewery

$993K
SBA financing: ≈ $1.9M–$3.2M
Est. revenue (rough)

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Dipratos

Columbia, SC· ~81 mi

Full-Service Restaurants

$1.1M
SBA financing: ≈ $2.2M–$3.7M
Est. revenue (rough)

View record

JIVYANA LLC

Florence, SC· ~95 mi

East Coast Wings & Grill

$835K
SBA financing: ≈ $1.6M–$2.7M
Est. revenue (rough)

View record

Granado Enterprise LLC

West Columbia, SC· ~81 mi

Full-Service Restaurants

$600K
SBA financing: ≈ $1.2M–$2.0M
Est. revenue (rough)

View record

Agent summary

This page summarizes the public SBA 7(a) lending record for Shane's Rib Shack in Charlotte, NC (Full-Service Restaurants). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $982K
On record FY2023
72 jobs supported
Industry: Full-Service Restaurants
Location: Charlotte, NC
Lender: First Internet Bank of Indiana

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Full-Service Restaurants businesses in NC for ~$982k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/shane-s-rib-shack-nc
API:: https://www.capbench.com/api/public/businesses/shane-s-rib-shack-nc
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Shane's Rib Shack.