Food & Restaurants · lender intelligence

How to finance a 16 Handles

State:

The SBA 7(a) lenders funding the most 16 Handles deals, ranked from public loan records — typical 16 Handles loan about $408K. A bank that has funded the brand knows the model — faster approvals, better terms.

Deal economics— what it takes to buy & finance 16 Handles

$408K

Typical loan

range $257K–$445K

$453K

Est. purchase price

≈ loan ÷ 90%

$60,633

Cash to close

$45,333 down + fees

$5,279/mo

Typical payment

~9.5% · 10yr

$72,850/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

108 days

Typical time to fund

Lenders competing

more = leverage

10.13%

Avg rate on record

cap ~9.75%

Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.

Most active with 16 Handles

Ranked by funded 16 Handles loans. Tap a lender to open its full record, or hit Get in touch for an introduction.

1.2,539 loans · $965M · Columbus, OHFull record →
2.20 loans · $8M · Saint Petersburg, FLFull record →
3.1,927 loans · $207M · Buffalo, NYFull record →
4.46 loans · $85M · Salt Lake City, UTFull record →
5.72 loans · $30M · Oconomowoc, WIFull record →

6+ funded 16 Handles deals

Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.

Barlow Delights LLC in Columbia, SC — $445K (2025) · Bank Five Nine
Program
7a General
Rate at approval
9% variable
Term
122 months
SBA guaranteed
$334K (75%)
Approval → funding
108 days
Approved
1/21/2025
First disbursed
5/9/2025
Loan status
Paid in full (10/31/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
4
Business age
Startup, Loan Funds will Open Business
Industry
Snack and Nonalcoholic Beverage Bars
Funded by Bank Five Nine · Lender record →
Your business? Claim this record · Request removal
JoJo FroYo LLC in Jupiter, FL — $257K (2025) · Milestone Bank
Program
Preferred Lenders Program
Rate at approval
10.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$193K (75%)
Approval → funding
14 days
Approved
12/23/2024
First disbursed
1/6/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
12
Business age
New Business or 2 years or less
Industry
Snack and Nonalcoholic Beverage Bars
Funded by Milestone Bank · Lender record →
Your business? Claim this record · Request removal
WAUGH FROYO LLC in Montgomery, TX — $408K (2024) · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
10.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$306K (75%)
Approval → funding
85 days
Approved
6/4/2024
First disbursed
8/28/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
10
Business age
Startup, Loan Funds will Open Business
Industry
Snack and Nonalcoholic Beverage Bars
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
Tasty Treats NY LLC in New City, NY — $400K (2024) · purchase · Manufacturers and Traders Trust Company
Program
Preferred Lenders Program
Rate at approval
11.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$300K (75%)
Approval → funding
133 days
Approved
9/17/2024
First disbursed
1/28/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
14
Business age
Change of Ownership
Industry
Snack and Nonalcoholic Beverage Bars
If you were the buyer here
Est. deal size
$444K
Est. down payment (10%)
$44K
Est. cash at closing
$59K
Monthly payment
$5,624
Annual debt service
$67K
Cash flow needed (1.25×)
$84K
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 Manufacturers and Traders Trust Company · Lender record →
Your business? Claim this record · Request removal
WAUGH FROYO LLC in Montgomery, TX — $25K (2024) · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
10.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$13K (50%)
Approval → funding
419 days
Approved
6/4/2024
First disbursed
7/28/2025
Loan status
Current
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
10
Business age
Startup, Loan Funds will Open Business
Industry
Snack and Nonalcoholic Beverage Bars
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
16 Handles Franchising LLC in New York, NY — $3.7M (2022) · purchase · BayFirst National Bank
Program
Preferred Lenders Program
Rate at approval
8.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$2.7M (75%)
Approval → funding
6 days
Approved
8/13/2022
First disbursed
8/19/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
6
Business age
Change of Ownership
Industry
Snack and Nonalcoholic Beverage Bars
If you were the buyer here
Est. deal size
$4.1M
Est. down payment (10%)
$407K
Est. cash at closing
$563K
Monthly payment
$44,964
Annual debt service
$540K
Cash flow needed (1.25×)
$674K
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 BayFirst National Bank · Lender record →
Your business? Claim this record · Request removal

Buying a 16 Handles? Start with a lender that has funded the brand

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CapBench analysis of public SBA 7(a) lending records; ranked by funded loans to 16 Handles businesses. Mega-bank call-center lenders excluded.

Agent summary

How to finance a 16 Handles purchase with an SBA 7(a) loan: the lenders that fund the brand most (from public records), the typical loan size, and what it takes to qualify. The Huntington National Bank funds the most. CapBench is not a lender.

$408K typical 16 Handles loan
5 lenders fund the brand
108 days typical to fund

Buyers researching a 16 Handles typically pre-qualify for SBA 7(a) financing next, then ask CapBench to introduce a lender that already funds the brand — free for buyers; agents can submit a consented lead via the CapBench MCP.

Next steps

Pre-qualify this deal Talk to a loan broker 16 Handles record

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/lenders/franchise/16-handles
API:: https://www.capbench.com/api/public/lenders?franchise=16-handles
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.