Food & Restaurants · lender intelligence
How to finance a Sonic in Rhode Island
The SBA 7(a) lenders funding the most Sonic deals in Rhode Island, 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 Rhode Island
$411K
Typical loan
range $200K–$2.25M
$457K
Est. purchase price
≈ loan ÷ 90%
$61,139
Cash to close
$45,711 down + fees
$5,323/mo
Typical payment
~9.5% · 10yr
$73,457/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
346 days
Typical time to fund
1
Lenders competing
more = leverage
6.83%
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 Rhode Island
Ranked by funded Sonic loans in Rhode Island. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.85 loans · $36M · Waterbury, CTFull record →
3+ funded Sonic in Rhode Island 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.
- HHB of Cranston Inc. in Providence, RI — $411K (2024) · Webster Bank National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 7.75% variable
- Term
- 132 mo (11 yrs)
- SBA guaranteed
- $309K (75%)
- Approval → funding
- 346 days
- Approved
- 2/9/2024
- First disbursed
- 1/20/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 53
- Business age
- New Business or 2 years or less
- Industry
- Limited-Service Restaurants
Funded by Webster Bank National Association · Lender record →
Your business? Claim this record · Request removal
- HHB of Cranston Inc. in Providence, RI — $200K (2024) · Webster Bank National Association
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 7.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $100K (50%)
- Approved
- 2/9/2024
- Loan status
- Committed
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 53
- Business age
- New Business or 2 years or less
- Industry
- Limited-Service Restaurants
Funded by Webster Bank National Association · Lender record →
Your business? Claim this record · Request removal
- HHB of Cranston, Inc. in Cranston, RI — $2.3M (2022) · Webster Bank National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 5% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.7M (75%)
- Approved
- 6/29/2022
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 20
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by Webster Bank National Association · Lender record →
Your business? Claim this record · Request removal
Buying a Sonic in Rhode Island? 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.
CapBench analysis of public SBA 7(a) lending records; ranked by funded Sonic loans with a Rhode Island project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Sonic purchase in Rhode Island with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Rhode Island deals. Webster Bank National Association funds the most here. CapBench is not a lender.
- $1.3M typical Sonic loan
- 1 lenders active in Rhode Island
- 3+ funded Rhode Island deals
- 346 days typical to fund
Buyers buying a Sonic in Rhode Island 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.
- 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.
- 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.