How much do lenders finance for a Freddy's Frozen Custard & Steakburgers franchise?

The median SBA loan approved for a Freddy's Frozen Custard & Steakburgers franchise is $1,023,000, with the middle 80% of loans between $540,000 and $1,604,000. 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 Freddy's Frozen Custard & Steakburgers franchises?

By dollars approved, the most active SBA lenders for Freddy's Frozen Custard & Steakburgers have been Equity Bank, Milestone Bank, Southern Development Council, Business Development Corporation (BDC). 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 Freddy's Frozen Custard & Steakburgers SBA loans?

The median term is 20 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 Freddy's Frozen Custard & Steakburgers franchise

SBA lenders have approved 38 loans against the Freddy's Frozen Custard & Steakburgers brand since FY2010, totalling $41.4M. The median approval was $1,023,000. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#593

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$1,023,000

Typical range

$540K-$1.6M

Middle 80% of loans

Median term

20 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 Freddy's Frozen Custard & Steakburgers

Lender	Loans	Approved
Equity Bank	6	$6.1M
Milestone Bank	2	$4.4M
Southern Development Council	3	$3.7M
Business Development Corporation (BDC)	3	$3.2M
Valley Economic Development Partners, Inc.	2	$2.6M
Rural Missouri, Inc.	3	$2.3M
First Bank of the Lake	1	$2.1M
ConnectOne Bank	1	$1.5M

Geography

Where Freddy's Frozen Custard & Steakburgers units were financed

State	Loans	Share
Indiana	6
Texas	6
Ohio	4
Missouri	4
Alabama	3
New Jersey	3
Kentucky	3
Florida	2

Approvals by fiscal year

’18

’19

’20

’21

’22

’23

’24

’25

’26

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

Loan sizes

$150K - $350K
5%
$350K - $1M
39%
$1M - $2M
45%
Over $2M
11%

Financing a Freddy's Frozen Custard & Steakburgers: common questions

How much do lenders finance for a Freddy's Frozen Custard & Steakburgers franchise?: The median SBA loan approved for a Freddy's Frozen Custard & Steakburgers franchise is $1,023,000, with the middle 80% of loans between $540,000 and $1,604,000. 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 Freddy's Frozen Custard & Steakburgers franchises?: By dollars approved, the most active SBA lenders for Freddy's Frozen Custard & Steakburgers have been Equity Bank, Milestone Bank, Southern Development Council, Business Development Corporation (BDC). 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 Freddy's Frozen Custard & Steakburgers SBA loans?: The median term is 20 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.

We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.