Food & Restaurants · lender intelligence

How to finance a Famous Dave's

State:

The SBA 7(a) lenders funding the most Famous Dave's deals, ranked from public loan records — typical Famous Dave's loan about $295K. A bank that has funded the brand knows the model — faster approvals, better terms.

Deal economics— what it takes to buy & finance Famous Dave's

$295K

Typical loan

range $150K–$750K

$328K

Est. purchase price

≈ loan ÷ 90%

$43,841

Cash to close

$32,778 down + fees

$4,064/mo

Typical payment

~11% · 10yr

$56,083/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

22 days

Typical time to fund

Lenders competing

more = leverage

10.04%

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 Famous Dave's

Ranked by funded Famous Dave's 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 →
2.34 loans · $19M · Arden Hills, MNFull record →
3.3,264 loans · $846M · Miami, FLFull record →
4.1 loans · $0M · Duluth, MNFull record →
5.20 loans · $8M · Saint Petersburg, FLFull record →
6.499 loans · $106M · Los Angeles, CAFull record →

7+ funded Famous Dave's 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.

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 →
Your business? Claim this record · Request removal
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 →
Your business? Claim this record · Request removal
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 →
Your business? Claim this record · Request removal
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 →
Your business? Claim this record · Request removal
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 →
Your business? Claim this record · Request removal
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 →
Your business? Claim this record · Request removal
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 →
Your business? Claim this record · Request removal

Buying a Famous Dave's? Start with a lender that has funded the brand

We'll point you to the SBA lenders already financing this brand — and help you make them compete on rate and speed.

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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.

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

Agent summary

How to finance a Famous Dave's 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.

$295K typical Famous Dave's loan
6 lenders fund the brand
22 days typical to fund

Buyers researching a Famous Dave's 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 Famous Dave's 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/famous-dave-s
API:: https://www.capbench.com/api/public/lenders?franchise=famous-dave-s
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.