Famous Dave's, by the numbers
Every figure below comes from real financed deals — what buyers paid, where, and how the loans performed.
SBA Franchise Directory: listed ✓ (identifier S0621)
7 deals since 2020 · typical deal $295K
7
Deals since 2020
$295K
Typical deal
5
Deals since FY2025
—
Too few deals to score risk
What buyers pay for Famous Dave's
Most Famous Dave's deals financed between $150K and $750K. Above $750K, you're paying more than 75% of buyers did — make the seller earn it.
- Monthly payment (10-yr)
- $4,105
- Down payment (10%)
- $33K
- Cash to close (all-in)
- $44K
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 ~$44K)
Experience
Recent financings
- Famous Dave's BBQ in Alpharetta, GA — $750K (2026) · Newtek Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 9.75% variable
- Term
- 125 months
- SBA guaranteed
- $563K (75%)
- Approved
- 1/28/2026
- Loan status
- Committed
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 20
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by Newtek Bank, National Association · Lender record →
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- Minnetonka Famous Dave's in Minnetonka, MN — $1.5M (2025) · purchase · Frandsen Bank and Trust
- Program
- Preferred Lenders Program
- Rate at approval
- 10% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.1M (75%)
- Approval → funding
- 18 days
- Approved
- 9/26/2025
- First disbursed
- 10/14/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 5
- Business age
- Change of Ownership
- Industry
- Full-Service Restaurants
If you were the buyer here
- Est. deal size
- $1.7M
- Est. down payment (10%)
- $168K
- Est. cash at closing
- $231K
- Monthly payment
- $19,994
- Annual debt service
- $240K
- Cash flow needed (1.25×)
- $300K
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 Frandsen Bank and Trust · Lender record →
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- SCOTT SCHICAGO INVESTMENTS BBQ GROUP Limited Liability Company in Alpharetta, GA — $605K (2025) · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 9.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $454K (75%)
- Approved
- 5/8/2025
- Loan status
- Committed
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 5
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Full-Service Restaurants
Funded by The Huntington National Bank · Lender record →
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- B&B Restaurant Management of Fort Mill, LLC in Fort Mill, SC — $250K (2025) · Lendistry SBLC, LLC
- Program
- Preferred Lenders Program
- Rate at approval
- 12.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $188K (75%)
- Approval → funding
- 22 days
- Approved
- 12/17/2024
- First disbursed
- 1/8/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 39
- Business age
- Existing or more than 2 years old
- Industry
- Full-Service Restaurants
Funded by Lendistry SBLC, LLC · Lender record →
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- SCOTT SCHICAGO INVESTMENTS BBQ GROUP Limited Liability Company in Alpharetta, GA — $50K (2025) · The Huntington National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 9.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $25K (50%)
- Approved
- 5/8/2025
- Loan status
- Committed
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 5
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Full-Service Restaurants
Funded by The Huntington National Bank · Lender record →
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- B&B Restaurant Management of Fort Mill, LLC in Fort Mill, SC — $150K (2024) · BayFirst National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 13.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $128K (85%)
- Approval → funding
- 3 days
- Approved
- 10/27/2023
- First disbursed
- 10/30/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Business age
- Existing or more than 2 years old
- Industry
- Full-Service Restaurants
Funded by BayFirst National Bank · Lender record →
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- Bayfront BBQ Inc. in Hermantown, MN — $295K (2022) · North Shore Bank of Commerce
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5.5% fixed
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $148K (50%)
- Approval → funding
- 32 days
- Approved
- 5/9/2022
- First disbursed
- 6/10/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 25
- Business age
- Existing or more than 2 years old
- Industry
- Full-Service Restaurants
Funded by North Shore Bank of Commerce · Lender record →
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Who funds Famous Dave's — and where
Every dot is a financed Famous Dave's — 7 mapped.
Financed Famous Dave's locations — list all 7 as text
- Minnetonka Famous Dave's — Minnetonka · $1.5M · FY2025 · Full-Service Restaurants
- Famous Dave's BBQ — Alpharetta · $750K · FY2026 · Limited-Service Restaurants
- SCOTT SCHICAGO INVESTMENTS BBQ GROUP Limited Liability Company — Alpharetta · $605K · FY2025 · Full-Service Restaurants
- SCOTT SCHICAGO INVESTMENTS BBQ GROUP Limited Liability Company — Alpharetta · $50K · FY2025 · Full-Service Restaurants
- Bayfront BBQ Inc. — Hermantown · $295K · FY2022 · Full-Service Restaurants
- B&B Restaurant Management of Fort Mill, LLC — Fort Mill · $150K · FY2024 · Full-Service Restaurants
- B&B Restaurant Management of Fort Mill, LLC — Fort Mill · $250K · FY2025 · Full-Service Restaurants
Top lenders for this brand
Most active states
- 1.Georgia (3 loans)
- 2.Minnesota (2 loans)
- 3.South Carolina (2 loans)
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Common questions
How much does a Famous Dave's cost to buy or open?
The typical deal for Famous Dave's is $295K across 7 transactions since 2020. With the SBA's 10% minimum down payment, that points to roughly $32K of buyer cash on a typical deal.
How risky is Famous Dave's?
Famous Dave's has 7 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 Famous Dave's with an SBA loan?
Yes — Famous Dave's has been SBA-financed 5 times since FY2025, which means it clears the SBA Franchise Directory requirement regularly. Confirm current listing before signing an LOI.
Buying a Famous Dave's franchise
Most Famous Dave's 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 Famous Dave's deal financed for $295K, which points to about $32K of buyer cash on a typical purchase. Famous Dave's is listed in the SBA Franchise Directory (identifier S0621), so it's eligible to finance today — confirm current listing with your lender before the LOI. See the lenders that already fund Famous Dave's — 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 Famous Dave's — 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 Famous Dave's — typical deal size, the lenders that fund the brand, geography, and failure-rate context — from CapBench SBA Intelligence. Famous Dave's is confirmed in the SBA Franchise Directory here; CapBench is not a lender and does not sell franchises.
- 7 SBA 7(a) deals since 2020
- $295K typical deal
- 5 deals since FY2025
- Too few deals to score a reliable failure rate
- SBA Franchise Directory: listed (identifier S0621)
- Top lenders: The Huntington National Bank, Frandsen Bank and Trust, Newtek Bank, National Association
- 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.
- 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 Famous Dave's.