How much do lenders finance for a Bonchon Chicken franchise?

The median SBA loan approved for a Bonchon Chicken franchise is $350,000, with the middle 80% of loans between $150,000 and $654,800. That is the financed portion only - it excludes the buyer's equity injection, which SBA lenders typically require at 10% or more of total project cost for a business acquisition or new franchise unit.

Which lenders finance Bonchon Chicken franchises?

By dollars approved, the most active SBA lenders for Bonchon Chicken have been NewBank, Truist Bank, JPMorgan Chase Bank, The Huntington National Bank. Many franchise brands also maintain their own lists of preferred lenders, which may differ from who has historically approved the most volume.

How long are Bonchon Chicken SBA loans?

The median term is 10 yr. SBA 7(a) terms run up to 10 years for working capital and equipment, and up to 25 years when the loan is secured by real estate - so a longer median usually means the loans included property.

Franchise financing

Financing a Bonchon Chicken franchise

SBA lenders have approved 15 loans against the Bonchon Chicken brand since FY2010, totalling $6.0M. The median approval was $350,000. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#1200

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$350,000

Typical range

$150K-$655K

Middle 80% of loans

Median term

10 yr

Charge-off rate

Cohort too small

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Who financed Bonchon Chicken

Lender	Loans	Approved
NewBank	1	$1.3M
Truist Bank	2	$948K
JPMorgan Chase Bank	1	$655K
The Huntington National Bank	2	$500K
Readycap Lending, LLC	1	$454K
Wells Fargo Bank	1	$421K
Metro City Bank	2	$359K
Manufacturers and Traders Trust Company	1	$350K

Geography

Where Bonchon Chicken units were financed

State	Loans	Share
California	2
Florida	2
Michigan	2
New York	1
Nevada	1
Missouri	1
Virginia	1
Maryland	1

Approvals by fiscal year

’14

’15

’16

’17

’18

Loan count by fiscal year - a rough proxy for how fast the brand was opening units. Final bar is a partial year.

Loan sizes

$50K - $150K
7%
$150K - $350K
40%
$350K - $1M
47%
$1M - $2M
7%

Financing a Bonchon Chicken: common questions

How much do lenders finance for a Bonchon Chicken franchise?: The median SBA loan approved for a Bonchon Chicken franchise is $350,000, with the middle 80% of loans between $150,000 and $654,800. That is the financed portion only - it excludes the buyer's equity injection, which SBA lenders typically require at 10% or more of total project cost for a business acquisition or new franchise unit.
Which lenders finance Bonchon Chicken franchises?: By dollars approved, the most active SBA lenders for Bonchon Chicken have been NewBank, Truist Bank, JPMorgan Chase Bank, The Huntington National Bank. Many franchise brands also maintain their own lists of preferred lenders, which may differ from who has historically approved the most volume.
How long are Bonchon Chicken SBA loans?: The median term is 10 yr. SBA 7(a) terms run up to 10 years for working capital and equipment, and up to 25 years when the loan is secured by real estate - so a longer median usually means the loans included property.

Compare other brands

Median loan size and charge-off rate across every franchise in the SBA record.

How SBA 7(a) works

The programme most franchise buyers use, explained end to end.

Buying a franchise with an SBA loan

Equity injection, the franchise directory, and what lenders check.

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