How much do lenders finance for a Perkins Restaurants franchise?

The median SBA loan approved for a Perkins Restaurants franchise is $442,500, with the middle 80% of loans between $135,000 and $972,000. 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 Perkins Restaurants franchises?

By dollars approved, the most active SBA lenders for Perkins Restaurants have been Alerus Financial, Northwest Bank, Old National Bank, Growth Capital Corp.. 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 Perkins Restaurants SBA loans?

The median term is 15.3 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 Perkins Restaurants franchise

SBA lenders have approved 12 loans against the Perkins Restaurants brand since FY2010, totalling $6.8M. The median approval was $442,500. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#1362

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$442,500

Typical range

$135K-$972K

Middle 80% of loans

Median term

15.3 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 Perkins Restaurants

Lender	Loans	Approved
Alerus Financial	1	$1.7M
Northwest Bank	2	$1.4M
Old National Bank	1	$885K
Growth Capital Corp.	3	$882K
Iowa Business Growth Company	1	$774K
First Interstate Bank	3	$751K
Heartland Business Capital, Inc.	1	$435K

Geography

Where Perkins Restaurants units were financed

State	Loans	Share
Ohio	3
Iowa	3
Colorado	3
Minnesota	2
Missouri	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
17%
$150K - $350K
8%
$350K - $1M
67%
$1M - $2M
8%

Financing a Perkins Restaurants: common questions

How much do lenders finance for a Perkins Restaurants franchise?: The median SBA loan approved for a Perkins Restaurants franchise is $442,500, with the middle 80% of loans between $135,000 and $972,000. 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 Perkins Restaurants franchises?: By dollars approved, the most active SBA lenders for Perkins Restaurants have been Alerus Financial, Northwest Bank, Old National Bank, Growth Capital Corp.. 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 Perkins Restaurants SBA loans?: The median term is 15.3 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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