How much do lenders finance for a MilkShake Factory franchise?

The median SBA loan approved for a MilkShake Factory franchise is $685,200, with the middle 80% of loans between $515,500 and $998,300. 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 MilkShake Factory franchises?

By dollars approved, the most active SBA lenders for MilkShake Factory have been First Bank of the Lake, Columbia Bank, Manufacturers and Traders Trust Company, HomeTrust 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 MilkShake Factory SBA loans?

The median term is 10.2 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 MilkShake Factory franchise

SBA lenders have approved 10 loans against the MilkShake Factory brand since FY2010, totalling $7.0M. The median approval was $685,200. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#1651

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$685,200

Typical range

$516K-$998K

Middle 80% of loans

Median term

10.2 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 MilkShake Factory

Lender	Loans	Approved
First Bank of the Lake	2	$1.8M
Columbia Bank	1	$1.4M
Manufacturers and Traders Trust Company	2	$1.3M
HomeTrust Bank	1	$770K
Texas Capital Bank	1	$700K
Magnifi Financial CU	1	$572K
The Huntington National Bank	2	$566K

Geography

Where MilkShake Factory units were financed

State	Loans	Share
Arizona	2
Maryland	2
New Jersey	2
Georgia	1
Texas	1
Florida	1
Colorado	1

Approvals by fiscal year

’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

$50K - $150K
10%
$350K - $1M
80%
$1M - $2M
10%

Financing a MilkShake Factory: common questions

How much do lenders finance for a MilkShake Factory franchise?: The median SBA loan approved for a MilkShake Factory franchise is $685,200, with the middle 80% of loans between $515,500 and $998,300. 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 MilkShake Factory franchises?: By dollars approved, the most active SBA lenders for MilkShake Factory have been First Bank of the Lake, Columbia Bank, Manufacturers and Traders Trust Company, HomeTrust 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 MilkShake Factory SBA loans?: The median term is 10.2 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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