Food & Restaurants · lender intelligence

How to finance a Skrimp Shack

State:

The SBA 7(a) lenders funding the most Skrimp Shack deals, ranked from public loan records — typical Skrimp Shack loan about $250K. A bank that has funded the brand knows the model — faster approvals, better terms.

Deal economics— what it takes to buy & finance Skrimp Shack

$250K

Typical loan

range $59K–$663K

$278K

Est. purchase price

≈ loan ÷ 90%

$37,153

Cash to close

$27,778 down + fees

$3,659/mo

Typical payment

~12.5% · 10yr

$50,494/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

35 days

Typical time to fund

Lenders competing

more = leverage

7.06%

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 Skrimp Shack

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

1.47 loans · $39M · Greenville, PAFull record →
2.4 loans · $3M · Atlanta, GAFull record →

4+ funded Skrimp Shack 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.

LEVELGROUNDNORFOLK, LLC in Norfolk, VA — $663K (2021) · purchase · First National Bank of Pennsylvania
Program
Preferred Lenders Program
Rate at approval
6.75% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$497K (75%)
Approval → funding
35 days
Approved
11/4/2020
First disbursed
12/9/2020
Loan status
Paid in full (3/31/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
5
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$737K
Est. down payment (10%)
$74K
Est. cash at closing
$99K
Monthly payment
$7,616
Annual debt service
$91K
Cash flow needed (1.25×)
$114K
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 National Bank of Pennsylvania · Lender record →
Your business? Claim this record · Request removal
LEVELGROUNDNORFOLK, LLC in Norfolk, VA — $50K (2021) · purchase · First National Bank of Pennsylvania
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$25K (50%)
Approval → funding
35 days
Approved
11/4/2020
First disbursed
12/9/2020
Loan status
Paid in full (3/31/2024)
Loan type
Revolving line
Collateral
Not required
Business type
Corporation
Jobs supported
5
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$56K
Est. down payment (10%)
$6K
Est. cash at closing
$7K
Monthly payment
$555
Annual debt service
$7K
Cash flow needed (1.25×)
$8K
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 National Bank of Pennsylvania · Lender record →
Your business? Claim this record · Request removal
Brandon L. Dotson LLC in Augusta, GA — $250K (2020) · Georgia's Own Credit Union
Program
7a General
Rate at approval
7.5% variable
Term
96 mo (8 yrs)
SBA guaranteed
$188K (75%)
Approval → funding
179 days
Approved
3/5/2020
First disbursed
8/31/2020
Loan status
Failed — $269K charged off (1/10/2023)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
13
Business age
Unanswered
Industry
Limited-Service Restaurants
Funded by Georgia's Own Credit Union · Lender record →
Your business? Claim this record · Request removal
BAXTER VENTURES LLC in Manassas, VA — $59K (2020) · BayPort Federal Credit Union
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
8% fixed
Term
60 mo (5 yrs)
SBA guaranteed
$30K (50%)
Approval → funding
34 days
Approved
5/27/2020
First disbursed
6/30/2020
Loan status
Paid in full (9/30/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
25
Business age
New Business or 2 years or less
Industry
Limited-Service Restaurants
Funded by BayPort Federal Credit Union
Your business? Claim this record · Request removal

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

Agent summary

How to finance a Skrimp Shack 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. First National Bank of Pennsylvania funds the most. CapBench is not a lender.

$250K typical Skrimp Shack loan
3 lenders fund the brand
35 days typical to fund

Buyers researching a Skrimp Shack 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 Skrimp Shack 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/skrimp-shack
API:: https://www.capbench.com/api/public/lenders?franchise=skrimp-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.