How much do lenders finance for a I Heart Mac & Cheese franchise?

The median SBA loan approved for a I Heart Mac & Cheese franchise is $349,500, with the middle 80% of loans between $30,000 and $624,000. 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 I Heart Mac & Cheese franchises?

By dollars approved, the most active SBA lenders for I Heart Mac & Cheese have been The Huntington National Bank, Citizens Bank, BayFirst National Bank, The Bancorp 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 I Heart Mac & Cheese 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 I Heart Mac & Cheese franchise

SBA lenders have approved 34 loans against the I Heart Mac & Cheese brand since FY2010, totalling $11.6M. The median approval was $349,500. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#664

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$349,500

Typical range

$30K-$624K

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 I Heart Mac & Cheese

Lender	Loans	Approved
The Huntington National Bank	13	$3.2M
Citizens Bank	3	$1.2M
BayFirst National Bank	3	$1.1M
The Bancorp Bank	2	$853K
First Bank of the Lake	1	$670K
Luminate Bank	1	$640K
Celtic Bank Corporation	1	$624K
TowneBank	1	$538K

Geography

Where I Heart Mac & Cheese units were financed

State	Loans	Share
Illinois	6
Michigan	6
Texas	3
Florida	3
Indiana	2
Colorado	2
South Carolina	2
North Carolina	2

Approvals by fiscal year

’20

’21

’22

’23

’24

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

Loan sizes

Under $50K
15%
$50K - $150K
3%
$150K - $350K
32%
$350K - $1M
50%

Financing a I Heart Mac & Cheese: common questions

How much do lenders finance for a I Heart Mac & Cheese franchise?: The median SBA loan approved for a I Heart Mac & Cheese franchise is $349,500, with the middle 80% of loans between $30,000 and $624,000. 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 I Heart Mac & Cheese franchises?: By dollars approved, the most active SBA lenders for I Heart Mac & Cheese have been The Huntington National Bank, Citizens Bank, BayFirst National Bank, The Bancorp 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 I Heart Mac & Cheese 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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