Shane's Rib Shack, 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 S1558)

2 deals since 2020 · typical deal $982K

Deals since 2020

$982K

Typical deal

Deals since FY2025

—

Too few deals to score risk

Shane's Rib Shack has 2 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 Shane's Rib Shack

Most Shane's Rib Shack deals financed between $442K and $982K. Above $982K, you're paying more than 75% of buyers did — make the seller earn it.

Your deal size$982K

Monthly payment (10-yr): $12,842
Down payment (10%): $109K
Cash to close (all-in): $150K

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 ~$150K)

Experience

Recent financings

Shane's Rib Shack in Columbus, GA — $442K (2024) · purchase · First Internet Bank of Indiana
Program
Preferred Lenders Program
Rate at approval
11.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$332K (75%)
Approval → funding
26 days
Approved
1/19/2024
First disbursed
2/14/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
16
Business age
Change of Ownership
Industry
Full-Service Restaurants
If you were the buyer here
Est. deal size
$491K
Est. down payment (10%)
$49K
Est. cash at closing
$66K
Monthly payment
$6,151
Annual debt service
$74K
Cash flow needed (1.25×)
$92K
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 First Internet Bank of Indiana · Lender record →
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Shane's Rib Shack in Charlotte, NC — $982K (2023) · First Internet Bank of Indiana
Program
Preferred Lenders Program
Rate at approval
11.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$737K (75%)
Approval → funding
4 days
Approved
9/29/2023
First disbursed
10/3/2023
Loan status
In workout — SBA bought the guarantee
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
72
Business age
New Business or 2 years or less
Industry
Full-Service Restaurants
Funded by First Internet Bank of Indiana · Lender record →
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Who funds Shane's Rib Shack — and where

Every dot is a financed Shane's Rib Shack — 2 mapped.

Financed Shane's Rib Shack locations — list all 2 as text

Shane's Rib Shack — Columbus · $442K · FY2024 · Full-Service Restaurants
Shane's Rib Shack — Charlotte · $982K · FY2023 · Full-Service Restaurants

Top lenders for this brand

1.First Internet Bank of Indiana(2)

Most active states

1.Georgia (1 loans)
2.North Carolina (1 loans)

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Insider move

Start with the lenders above — a bank that's funded Shane's Rib Shack 2 times already knows the unit economics and approves faster than one learning the brand on your file.

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 Shane's Rib Shack lending specialist.

Common questions

How much does a Shane's Rib Shack cost to buy or open?

The typical deal for Shane's Rib Shack is $982K across 2 transactions since 2020. With the SBA's 10% minimum down payment, that points to roughly $108K of buyer cash on a typical deal.

How risky is Shane's Rib Shack?

Shane's Rib Shack has 2 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 Shane's Rib Shack with an SBA loan?

Yes — Shane's Rib Shack has been SBA-financed 0 times since FY2025, which means it clears the SBA Franchise Directory requirement regularly. Confirm current listing before signing an LOI.

Buying a Shane's Rib Shack franchise

Most Shane's Rib Shack 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 Shane's Rib Shack deal financed for $982K, which points to about $108K of buyer cash on a typical purchase. Shane's Rib Shack is listed in the SBA Franchise Directory (identifier S1558), so it's eligible to finance today — confirm current listing with your lender before the LOI. See the lenders that already fund Shane's Rib Shack — 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 Shane's Rib Shack — 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 Shane's Rib Shack — typical deal size, the lenders that fund the brand, geography, and failure-rate context — from CapBench SBA Intelligence. Shane's Rib Shack is confirmed in the SBA Franchise Directory here; CapBench is not a lender and does not sell franchises.

2 SBA 7(a) deals since 2020
$982K typical deal
0 deals since FY2025
Too few deals to score a reliable failure rate
SBA Franchise Directory: listed (identifier S1558)
Top lenders: First Internet Bank of Indiana

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/franchises/shane-s-rib-shack
API:: https://www.capbench.com/api/public/franchises/shane-s-rib-shack
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 Shane's Rib Shack.