How much do lenders finance for a Shack Shine franchise?

The median SBA loan approved for a Shack Shine franchise is $150,000, with the middle 80% of loans between $75,000 and $409,500. 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 Shack Shine franchises?

By dollars approved, the most active SBA lenders for Shack Shine have been Old National Bank, Republic Bank & Trust Company, United Midwest Savings Bank, The Huntington National 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 Shack Shine 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 Shack Shine franchise

SBA lenders have approved 10 loans against the Shack Shine brand since FY2010, totalling $1.9M. The median approval was $150,000. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#1602

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$150,000

Typical range

$75K-$410K

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 Shack Shine

Lender	Loans	Approved
Old National Bank	2	$560K
Republic Bank & Trust Company	1	$469K
United Midwest Savings Bank	2	$300K
The Huntington National Bank	2	$213K
BayFirst National Bank	1	$150K
Scale Bank	1	$125K
Peapack Private Bank and Trust	1	$75K

Geography

Where Shack Shine units were financed

State	Loans	Share
Florida	2
Colorado	2
Illinois	2
Minnesota	1
New Jersey	1
Texas	1
Virginia	1

Approvals by fiscal year

’16

’21

’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
10%
$50K - $150K
20%
$150K - $350K
50%
$350K - $1M
20%

Financing a Shack Shine: common questions

How much do lenders finance for a Shack Shine franchise?: The median SBA loan approved for a Shack Shine franchise is $150,000, with the middle 80% of loans between $75,000 and $409,500. 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 Shack Shine franchises?: By dollars approved, the most active SBA lenders for Shack Shine have been Old National Bank, Republic Bank & Trust Company, United Midwest Savings Bank, The Huntington National 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 Shack Shine 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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