A&W, by the numbers

A&W appears in 12 SBA 7(a) loans since 2020 — from public SBA 7(a) loan records (FY2020–present). Every figure below comes from real financed deals: what buyers paid, where, and how the loans performed.

SBA Franchise Directory: listed ✓ (identifier S0029)

12 deals since 2020 · typical deal $1.0M

Deals since 2020

$1.0M

Typical deal

Deals since FY2025

—

Too few deals to score risk

A&W has 12 SBA deals on record — real financing history, but too few to score a failure rate you should trust. Underwrite the location and the FDD.

What buyers pay for A&W

Most A&W deals financed between $700K and $1.50M. Above $1.50M, you're paying more than 75% of buyers did — make the seller earn it.

Your deal size$1.03M

Monthly payment (10-yr): $13,430
Down payment (10%): $114K
Cash to close (all-in): $156K

Estimates at today's rates and standard 7(a) terms. Not a loan offer.

Could you get the loan?

Three answers. No documents, no credit pull.

Credit score

Available cash (you'll need ~$156K)

Experience

Recent financings

JBB Properties, LLC in Jefferson, IA — $1.5M (2025) · purchase · Atlantic Union Bank
Program
Preferred Lenders Program
Rate at approval
9.25% variable
Term
300 mo (25 yrs)
SBA guaranteed
$1.1M (75%)
Approval → funding
54 days
Approved
1/15/2025
First disbursed
3/10/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
22
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$1.7M
Est. down payment (10%)
$167K
Est. cash at closing
$229K
Monthly payment
$12,846
Annual debt service
$154K
Cash flow needed (1.25×)
$193K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Atlantic Union Bank · Lender record →
Your business? Claim this record · Request removal
151 Restaurant LLC in Darlington, SC — $845K (2025) · Milestone Bank
Program
Preferred Lenders Program
Rate at approval
10.25% variable
Term
129 months
SBA guaranteed
$634K (75%)
Approval → funding
21 days
Approved
2/19/2025
First disbursed
3/12/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
6
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by Milestone Bank · Lender record →
Your business? Claim this record · Request removal
Umu Onoh Inc. in Eaton, CO — $1.6M (2023) · purchase · The Bancorp Bank National Association
Program
Preferred Lenders Program
Rate at approval
9.5% variable
Term
300 mo (25 yrs)
SBA guaranteed
$1.2M (75%)
Approval → funding
11 days
Approved
9/21/2023
First disbursed
10/2/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
27
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$1.8M
Est. down payment (10%)
$178K
Est. cash at closing
$244K
Monthly payment
$13,979
Annual debt service
$168K
Cash flow needed (1.25×)
$210K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by The Bancorp Bank National Association · Lender record →
Your business? Claim this record · Request removal
SM Property Group LLC in Garden City, MI — $700K (2023) · Michigan Schools and Government Credit Union
Program
7a General
Rate at approval
7.5% fixed
Term
240 mo (20 yrs)
SBA guaranteed
$525K (75%)
Approval → funding
7 days
Approved
9/27/2023
First disbursed
10/4/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
21
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by Michigan Schools and Government Credit Union · Lender record →
Your business? Claim this record · Request removal
Gurkirpa Real Estate Investment Group LLC in Ellis, KS — $1.4M (2022) · Bank of Hays
Program
Preferred Lenders Program
Rate at approval
5% fixed
Term
240 mo (20 yrs)
SBA guaranteed
$1.0M (75%)
Approval → funding
363 days
Approved
3/15/2022
First disbursed
3/13/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
15
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by Bank of Hays · Lender record →
Your business? Claim this record · Request removal
Kaufman Smith Enterprise, LLC in Menominee, MI — $233K (2022) · First National Bank & Trust Co
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
4.5% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$116K (50%)
Approval → funding
15 days
Approved
11/16/2021
First disbursed
12/1/2021
Loan status
Failed — $175K charged off (3/31/2026)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
5
Business age
New Business or 2 years or less
Industry
Full-Service Restaurants
Funded by First National Bank & Trust Co · Lender record →
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Nisswa A & W in Brainerd, MN — $163K (2022) · First Western Bank & Trust
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
4.25% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$81K (50%)
Approval → funding
1 days
Approved
3/30/2022
First disbursed
3/31/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Individual
Jobs supported
9
Business age
Existing or more than 2 years old
Industry
Limited-Service Restaurants
Funded by First Western Bank & Trust · Lender record →
Your business? Claim this record · Request removal
HL Pit Stop L.L.C. in Howard Lake, MN — $2.1M (2021) · Harvest Bank
Program
7a General
Rate at approval
4.75% fixed
Term
306 months
SBA guaranteed
$1.9M (90%)
Approval → funding
63 days
Approved
6/17/2021
First disbursed
8/19/2021
Loan status
In liquidation
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
14
Business age
Existing or more than 2 years old
Industry
Gasoline Stations with Convenience Stores
Funded by Harvest Bank
Your business? Claim this record · Request removal
Fuel Express Food Mart Inc. in Dubuque, IA — $1.4M (2021) · purchase · Hometown Bank
Program
7a General
Rate at approval
5.25% variable
Term
300 mo (25 yrs)
SBA guaranteed
$1.1M (75%)
Approval → funding
137 days
Approved
11/19/2020
First disbursed
4/5/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
20
Business age
Change of Ownership
Industry
Gasoline Stations with Convenience Stores
If you were the buyer here
Est. deal size
$1.6M
Est. down payment (10%)
$157K
Est. cash at closing
$215K
Monthly payment
$8,449
Annual debt service
$101K
Cash flow needed (1.25×)
$127K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Hometown Bank · Lender record →
Your business? Claim this record · Request removal
Victual Inc. in Boscobel, WI — $1.0M (2021) · purchase · Clare Bank, National Association
Program
7a General
Rate at approval
5% fixed
Term
240 mo (20 yrs)
SBA guaranteed
$770K (75%)
Approval → funding
62 days
Approved
12/4/2020
First disbursed
2/4/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
76
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$1.1M
Est. down payment (10%)
$114K
Est. cash at closing
$156K
Monthly payment
$6,778
Annual debt service
$81K
Cash flow needed (1.25×)
$102K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Clare Bank, National Association
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Who funds A&W — and where

Every dot is a financed A&W — 12 mapped.

Financed A&W locations — list all 12 as text

Fuel Express Food Mart Inc. — Dubuque · $1.4M · FY2021 · Gasoline Stations with Convenience Stores
Victual Inc. — Boscobel · $1.0M · FY2021 · Limited-Service Restaurants
Umu Onoh Inc. — Eaton · $1.6M · FY2023 · Limited-Service Restaurants
SM Property Group LLC — Garden City · $700K · FY2023 · Limited-Service Restaurants
JBB Properties, LLC — Jefferson · $1.5M · FY2025 · Limited-Service Restaurants
151 Restaurant LLC — Darlington · $845K · FY2025 · Limited-Service Restaurants
Kaufman Smith Enterprise, LLC — Menominee · $233K · FY2022 · Full-Service Restaurants
Gurkirpa Real Estate Investment Group LLC — Ellis · $1.4M · FY2022 · Limited-Service Restaurants
Nisswa A & W — Brainerd · $163K · FY2022 · Limited-Service Restaurants
LONE DEVELOPMENT LLC — Hot Springs · $479K · FY2021 · Limited-Service Restaurants
HL Pit Stop L.L.C. — Howard Lake · $2.1M · FY2021 · Gasoline Stations with Convenience Stores
AW Garden City Inc — Garden City · $993K · FY2021 · Full-Service Restaurants

Top lenders for this brand

1.Hometown Bank(1)
2.Clare Bank, National Association (1)
3.The Bancorp Bank National Association(1)
4.Michigan Schools and Government Credit Union(1)
5.Atlantic Union Bank(1)

Most active states

1.Michigan (3 loans)A&W lenders in Michigan->
2.Iowa (2 loans)A&W lenders in Iowa->
3.Minnesota (2 loans)A&W lenders in Minnesota->
4.Wisconsin (1 loans)A&W lenders in Wisconsin->
5.Colorado (1 loans)A&W lenders in Colorado->
6.South Carolina (1 loans)A&W lenders in South Carolina->
7.Kansas (1 loans)A&W lenders in Kansas->
8.Arkansas (1 loans)A&W lenders in Arkansas->

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Insider move

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Who should reach out?

By submitting, I agree that CapBench may share my contact information with SBA lending partners and loan brokers (including partners who compensate CapBench), and that they and CapBench may contact me about financing by phone, email, and text — including via autodialed or prerecorded calls and messages — at the phone number and email I provide. Consent is not a condition of any purchase or service, and message and data rates may apply. CapBench is not a lender and makes no credit decision. We'll introduce you to your pick or a comparable A&W lending specialist.

Common questions

How much does a A&W cost to buy or open?

The typical deal for A&W is $1.0M across 12 transactions since 2020. With the SBA's 10% minimum down payment, that points to roughly $113K of buyer cash on a typical deal.

How risky is A&W?

A&W has 12 SBA loans on record since 2020 — too few to score a reliable failure rate. Judge the unit economics and the franchisor's disclosure document, not a small sample.

Can I finance a A&W with an SBA loan?

Yes — A&W has been SBA-financed 2 times since FY2025, which means it clears the SBA Franchise Directory requirement regularly. Confirm current listing before signing an LOI.

Buying a A&W franchise

Most A&W buyers finance the purchase or build-out with an SBA 7(a) loan — up to 90% of the cost with roughly 10% down. The typical A&W deal financed for $1.0M, which points to about $113K of buyer cash on a typical purchase. A&W is listed in the SBA Franchise Directory (identifier S0029), so it's eligible to finance today — confirm current listing with your lender before the LOI. See the lenders that already fund A&W — a bank that knows the brand approves faster — or pre-qualify for financing to see your likely loan size first.

AI summary

This profile summarizes public SBA financing activity for A&W — lender activity, typical loan sizes, financing history, and risk and failure signals where available — via CapBench SBA Intelligence. CapBench is not a lender.

Source: CapBench SBA Intelligence, based on public SBA, lender, franchise, FDIC, and related records. CapBench is not a lender and does not guarantee financing.

Agent summary

This page summarizes public SBA 7(a) financing for A&W — typical deal size, the lenders that fund the brand, geography, and failure-rate context — from CapBench SBA Intelligence. A&W is confirmed in the SBA Franchise Directory here; CapBench is not a lender and does not sell franchises.

12 SBA 7(a) deals since 2020
$1.0M typical deal
2 deals since FY2025
Too few deals to score a reliable failure rate
SBA Franchise Directory: listed (identifier S0029)
Top lenders: Hometown Bank, Clare Bank, National Association, The Bancorp Bank National Association

Next steps

Check SBA fit Find SBA lenders $9 lender report

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-07-27.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/franchises/a-w
API:: https://www.capbench.com/api/public/franchises/a-w
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 SBA loan records, not a current offer or franchise availability. Confirm SBA Franchise Directory listing with your lender before an LOI.

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CapBench analysis of public lending records, FY2020–present. Charge-off rate measured on the FY2020–23 cohort. Not affiliated with A&W.