Food & Restaurants · lender intelligence

How to finance a I Heart Mac & Cheese

State:

The SBA 7(a) lenders funding the most I Heart Mac & Cheese deals, ranked from public loan records — typical I Heart Mac & Cheese loan about $350K, 9.68% failure rate across 34 loans. A bank that has funded the brand knows the model — faster approvals, better terms.

Deal economics— what it takes to buy & finance I Heart Mac & Cheese

$350K

Typical loan

range $180K–$495K

$389K

Est. purchase price

≈ loan ÷ 90%

$52,014

Cash to close

$38,889 down + fees

$4,821/mo

Typical payment

~11% · 10yr

$66,530/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

90.3%

Still performing

9.7% default · FY20–23

23 days

Typical time to fund

Lenders competing

more = leverage

7.88%

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 I Heart Mac & Cheese

Ranked by funded I Heart Mac & Cheese 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 →
3.149 loans · $135M · Mukwonago, WIFull record →
4.75 loans · $98M · Sioux Falls, SDFull record →
5.31 loans · $8M · South Bend, INFull record →
6.26 loans · $26M · Billings, MTFull record →
7.5 loans · $1M · Fisher, ILFull record →
8.1 loans · $0M · Mason, MIFull record →
9.868 loans · $362M · Salt Lake City, UTFull record →
10.318 loans · $229M · Osage Beach, MOFull record →
11.104 loans · $100M · Portsmouth, VAFull record →
12.33 loans · $15M · Minneapolis, MNFull record →
13.4 loans · $8M · Kokomo, INFull record →
14.1 loans · $1M · Lincoln, NEFull record →

34+ funded I Heart Mac & Cheese 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.

Hamby Family Enterprise LLC in East Lansing, MI — $500K (2024) · The Dart Bank
Program
7a General
Rate at approval
9% fixed
Term
130 months
SBA guaranteed
$375K (75%)
Approval → funding
43 days
Approved
3/7/2024
First disbursed
4/19/2024
Loan status
Delinquent
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
12
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by The Dart Bank · Lender record →
Your business? Claim this record · Request removal
HK Food Management LLC in Mcdonough, GA — $495K (2024) · BayFirst National Bank
Program
Preferred Lenders Program
Rate at approval
11.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$371K (75%)
Approved
10/6/2023
Loan status
Committed
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
10
Business age
Startup, Loan Funds will Open Business
Industry
Full-Service Restaurants
Funded by BayFirst National Bank · Lender record →
Your business? Claim this record · Request removal
RAYNEV HOLDINGS LLC in Destin, FL — $262K (2024) · BayFirst National Bank
Program
Preferred Lenders Program
Rate at approval
11.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$197K (75%)
Approval → funding
15 days
Approved
12/13/2023
First disbursed
12/28/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
11
Business age
Startup, Loan Funds will Open Business
Industry
Full-Service Restaurants
Funded by BayFirst National Bank · Lender record →
Your business? Claim this record · Request removal
TCKC Investments LLC in Winter Garden, FL — $946K (2023) · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
11% variable
Term
132 mo (11 yrs)
SBA guaranteed
$710K (75%)
Approved
9/28/2023
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
10
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
JCLORY, LLC in Chesterfield, MO — $670K (2023) · First Bank of the Lake
Program
Preferred Lenders Program
Rate at approval
11.25% variable
Term
129 months
SBA guaranteed
$502K (75%)
Approval → funding
74 days
Approved
9/9/2023
First disbursed
11/22/2023
Loan status
Delinquent
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
14
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by First Bank of the Lake · Lender record →
Your business? Claim this record · Request removal
I Heart Mac & Cheese in Sacramento, CA — $624K (2023) · Celtic Bank Corporation
Program
Preferred Lenders Program
Rate at approval
11.25% variable
Term
126 months
SBA guaranteed
$468K (75%)
Approval → funding
23 days
Approved
9/2/2023
First disbursed
9/25/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
27
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by Celtic Bank Corporation · Lender record →
Your business? Claim this record · Request removal
Soni Foods LLC in North Richland Hills, TX — $538K (2023) · TowneBank
Program
Preferred Lenders Program
Rate at approval
10.5% variable
Term
132 mo (11 yrs)
SBA guaranteed
$404K (75%)
Approval → funding
27 days
Approved
3/30/2023
First disbursed
4/26/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
15
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by TowneBank · Lender record →
Your business? Claim this record · Request removal
Moran Food LLC in Clayton, NC — $500K (2023) · CRF Small Business Loan Company, LLC
Program
Preferred Lenders Program
Rate at approval
10.75% variable
Term
126 months
SBA guaranteed
$375K (75%)
Approval → funding
22 days
Approved
6/13/2023
First disbursed
7/5/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
35
Business age
Startup, Loan Funds will Open Business
Industry
Full-Service Restaurants
Funded by CRF Small Business Loan Company, LLC · Lender record →
Your business? Claim this record · Request removal
Waters Hospitality Group, LLC in Hixson, TN — $423K (2023) · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
10.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$317K (75%)
Approval → funding
29 days
Approved
1/9/2023
First disbursed
2/7/2023
Loan status
Delinquent
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
17
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
Hamby Family Enterprise LLC in East Lansing, MI — $350K (2023) · BayFirst National Bank
Program
Preferred Lenders Program
Rate at approval
10.75% variable
Term
126 months
SBA guaranteed
$263K (75%)
Approval → funding
19 days
Approved
5/19/2023
First disbursed
6/7/2023
Loan status
Paid in full (4/30/2024)
Loan type
Term loan
Collateral
Not required
Business type
Corporation
Jobs supported
19
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by BayFirst National Bank · Lender record →
Your business? Claim this record · Request removal
JMKC Enterprise LLC in Virginia Beach, VA — $349K (2023) · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
11.25% variable
Term
129 months
SBA guaranteed
$262K (75%)
Approval → funding
7 days
Approved
9/28/2023
First disbursed
10/5/2023
Loan status
Delinquent
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
23
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
TCKC Investments LLC in Winter Garden, FL — $50K (2023) · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
11% variable
Term
120 mo (10 yrs)
SBA guaranteed
$25K (50%)
Approved
9/28/2023
Loan status
Cancelled
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
10
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
Waters Hospitality Group, LLC in Hixson, TN — $25K (2023) · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
10.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$13K (50%)
Approval → funding
374 days
Approved
1/9/2023
First disbursed
1/18/2024
Loan status
Delinquent
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
17
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
LB2 Group, LLC in Indian Trail, NC — $640K (2022) · Luminate Bank
Program
7a General
Rate at approval
5.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$480K (75%)
Approval → funding
56 days
Approved
1/12/2022
First disbursed
3/9/2022
Loan status
In liquidation
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
17
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by Luminate Bank
Your business? Claim this record · Request removal
MN Mac & Cheese LLC in Saint Paul, MN — $469K (2022) · Citizens Bank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
104 months
SBA guaranteed
$352K (75%)
Approval → funding
28 days
Approved
3/3/2022
First disbursed
3/31/2022
Loan status
Failed — $360K charged off (8/21/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
50
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by Citizens Bank · Lender record →
Your business? Claim this record · Request removal
PRH Restaurant Group LLC in Saginaw, MI — $350K (2022) · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$263K (75%)
Approved
1/13/2022
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
20
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
PRH Restaurant Group LLC in Saginaw, MI — $350K (2022) · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$263K (75%)
Approval → funding
1 days
Approved
1/13/2022
First disbursed
1/14/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
20
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
I Heart Mac and Cheese in Mont Belvieu, TX — $225K (2022) · Newtek Small Business Finance, Inc.
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$169K (75%)
Approved
2/7/2022
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
2
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by Newtek Small Business Finance, Inc.
Your business? Claim this record · Request removal
PRH Restaurant Group LLC in Saginaw, MI — $30K (2022) · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$15K (50%)
Approval → funding
18 days
Approved
1/13/2022
First disbursed
1/31/2022
Loan status
Current
Loan type
Revolving line
Collateral
Not required
Business type
Corporation
Jobs supported
20
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
PRH Restaurant Group LLC in Saginaw, MI — $30K (2022) · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$15K (50%)
Approved
1/13/2022
Loan status
Cancelled
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
20
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

Buying a I Heart Mac & Cheese? 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.

Free · No documents · Usually same-day

Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.

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 I Heart Mac & Cheese businesses. Mega-bank call-center lenders excluded.

Agent summary

How to finance a I Heart Mac & Cheese 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.

$350K typical I Heart Mac & Cheese loan
9.68% failure rate (FY20–23)
16 lenders fund the brand
23 days typical to fund

Buyers researching a I Heart Mac & Cheese 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 I Heart Mac & Cheese 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/i-heart-mac-cheese
API:: https://www.capbench.com/api/public/lenders?franchise=i-heart-mac-cheese
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.