Food & Restaurants · lender intelligence

How to finance a Sonic in California

State:

The SBA 7(a) lenders funding the most Sonic deals in California, from public loan records — typical Sonic loan about $1.3M. A bank already funding the brand in your state knows it twice over.

Deal economics— what it takes to buy & finance Sonic in California

$2.08M

Typical loan

range $1.42M–$2.46M

$2.31M

Est. purchase price

≈ loan ÷ 90%

$318,003

Cash to close

$230,889 down + fees

$26,889/mo

Typical payment

~9.5% · 10yr

$371,068/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

24 days

Typical time to fund

Lenders competing

more = leverage

6.19%

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 Sonic in California

Ranked by funded Sonic loans in California. Tap a lender for its full record, or hit Get in touch for an introduction.

1.1,296 loans · $1.4B · Wilmington, NCFull record →
2.7 loans · $3M · Walnut Creek, CAFull record →
3.868 loans · $362M · Salt Lake City, UTFull record →
4.20 loans · $14M · Arlington Heights, ILFull record →

6+ funded Sonic in California 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.

Sonic Drive Ins Hayward; Sonic Drive Ins Salinas; Sonic Drive Ins Gilroy in Hayward, CA — $2.5M (2023) · purchase · United Business Bank
Program
Preferred Lenders Program
Rate at approval
9.5% variable
Term
180 mo (15 yrs)
SBA guaranteed
$1.8M (75%)
Approval → funding
16 days
Approved
9/19/2023
First disbursed
10/5/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
75
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$2.7M
Est. down payment (10%)
$273K
Est. cash at closing
$377K
Monthly payment
$25,688
Annual debt service
$308K
Cash flow needed (1.25×)
$385K
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 United Business Bank · Lender record →
Your business? Claim this record · Request removal
TBHCV LLC in Stockton, CA — $1.8M (2022) · Live Oak Banking Company
Program
Preferred Lenders Program
Rate at approval
6.77% variable
Term
312 mo (26 yrs)
SBA guaranteed
$1.4M (75%)
Approval → funding
57 days
Approved
9/27/2022
First disbursed
11/23/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
47
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
ANG ROYAL INC in Indio, CA — $2.7M (2021) · Celtic Bank Corporation
Program
Preferred Lenders Program
Rate at approval
5.5% variable
Term
300 mo (25 yrs)
SBA guaranteed
$2.5M (90%)
Approval → funding
13 days
Approved
7/15/2021
First disbursed
7/28/2021
Loan status
Paid in full (12/31/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
22
Business age
New Business or 2 years or less
Industry
Limited-Service Restaurants
Funded by Celtic Bank Corporation · Lender record →
Your business? Claim this record · Request removal
Elite Drive-Ins, LLC in Sacramento, CA — $2.1M (2021) · Live Oak Banking Company
Program
Preferred Lenders Program
Rate at approval
5.25% variable
Term
305 months
SBA guaranteed
$1.9M (90%)
Approval → funding
24 days
Approved
8/17/2021
First disbursed
9/10/2021
Loan status
Paid in full (7/31/2022)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
45
Business age
Startup, Loan Funds will Open Business
Industry
Full-Service Restaurants
Funded by Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
Elite Drive-Ins, LLC in Santa Rosa, CA — $1.4M (2021) · Live Oak Banking Company
Program
Preferred Lenders Program
Rate at approval
5.25% variable
Term
126 months
SBA guaranteed
$1.3M (90%)
Approval → funding
14 days
Approved
8/17/2021
First disbursed
8/31/2021
Loan status
Paid in full (7/31/2022)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
45
Business age
Startup, Loan Funds will Open Business
Industry
Full-Service Restaurants
Funded by Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
TBHCV LLC in Pleasanton, CA — $1.3M (2021) · Village Bank and Trust, National Association
Program
Preferred Lenders Program
Rate at approval
4.85% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$1.1M (90%)
Approval → funding
104 days
Approved
8/31/2021
First disbursed
12/13/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
62
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by Village Bank and Trust, National Association · Lender record →
Your business? Claim this record · Request removal

Buying a Sonic in California? Start with a lender that funds them here

We'll point you to the SBA lenders already financing this brand in your state — 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 Sonic loans with a California project address. Mega-bank call-center lenders excluded.

Agent summary

How to finance a Sonic purchase in California with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded California deals. Live Oak Banking Company funds the most here. CapBench is not a lender.

$1.3M typical Sonic loan
4 lenders active in California
6+ funded California deals
24 days typical to fund

Buyers buying a Sonic in California typically pre-qualify, then ask CapBench to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the CapBench MCP.

Next steps

Pre-qualify this deal Talk to a loan broker All Sonic lenders

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-19.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/franchise/sonic/california
API:: https://www.capbench.com/api/public/lenders?franchise=sonic
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.