How much do lenders finance for a Checkers Drive-in Restaurant franchise?

The median SBA loan approved for a Checkers Drive-in Restaurant franchise is $429,500, with the middle 80% of loans between $276,000 and $1,015,000. 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 Checkers Drive-in Restaurant franchises?

By dollars approved, the most active SBA lenders for Checkers Drive-in Restaurant have been California Business Bank, The Huntington National Bank, TD Bank, Brighton 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 Checkers Drive-in Restaurant SBA loans?

The median term is 17.5 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 Checkers Drive-in Restaurant franchise

SBA lenders have approved 16 loans against the Checkers Drive-in Restaurant brand since FY2010, totalling $9.1M. The median approval was $429,500. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#1110

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$429,500

Typical range

$276K-$1.0M

Middle 80% of loans

Median term

17.5 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 Checkers Drive-in Restaurant

Lender	Loans	Approved
California Business Bank	1	$1.5M
The Huntington National Bank	3	$1.2M
TD Bank	1	$1.0M
Brighton Bank	1	$1.0M
First Horizon Bank	1	$980K
Indiana Statewide Certified Development Corporation	2	$846K
Wilmington Savings Fund Society	1	$605K
Hanmi Bank	1	$415K

Geography

Where Checkers Drive-in Restaurant units were financed

State	Loans	Share
New York	3
Georgia	2
Indiana	2
Tennessee	2
Michigan	2
Maryland	1
Wisconsin	1
Florida	1

Approvals by fiscal year

’10

’11

’12

’13

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
6%
$150K - $350K
19%
$350K - $1M
56%
$1M - $2M
19%

Financing a Checkers Drive-in Restaurant: common questions

How much do lenders finance for a Checkers Drive-in Restaurant franchise?: The median SBA loan approved for a Checkers Drive-in Restaurant franchise is $429,500, with the middle 80% of loans between $276,000 and $1,015,000. 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 Checkers Drive-in Restaurant franchises?: By dollars approved, the most active SBA lenders for Checkers Drive-in Restaurant have been California Business Bank, The Huntington National Bank, TD Bank, Brighton 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 Checkers Drive-in Restaurant SBA loans?: The median term is 17.5 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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