How much do lenders finance for a Shane's Rib Shack franchise?

The median SBA loan approved for a Shane's Rib Shack franchise is $350,000, with the middle 80% of loans between $300,000 and $475,000. 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 Shane's Rib Shack franchises?

By dollars approved, the most active SBA lenders for Shane's Rib Shack have been Renasant Bank, Truist Bank, First Internet Bank of Indiana, United 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 Shane's Rib Shack SBA loans?

The median term is 10.4 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 Shane's Rib Shack franchise

SBA lenders have approved 22 loans against the Shane's Rib Shack brand since FY2010, totalling $8.7M. The median approval was $350,000. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#916

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$350,000

Typical range

$300K-$475K

Middle 80% of loans

Median term

10.4 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 Shane's Rib Shack

Lender	Loans	Approved
Renasant Bank	10	$3.2M
Truist Bank	5	$1.8M
First Internet Bank of Indiana	2	$1.4M
United Bank	1	$884K
The Huntington National Bank	1	$475K
Simmons Bank	1	$397K
Coastal States Bank	1	$330K
Stearns Bank	1	$186K

Geography

Where Shane's Rib Shack units were financed

State	Loans	Share
Georgia	14
Florida	3
Alabama	2
North Carolina	2
Arizona	1

Approvals by fiscal year

’12

’14

’15

’16

’17

’18

’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

$50K - $150K
5%
$150K - $350K
36%
$350K - $1M
59%

Financing a Shane's Rib Shack: common questions

How much do lenders finance for a Shane's Rib Shack franchise?: The median SBA loan approved for a Shane's Rib Shack franchise is $350,000, with the middle 80% of loans between $300,000 and $475,000. 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 Shane's Rib Shack franchises?: By dollars approved, the most active SBA lenders for Shane's Rib Shack have been Renasant Bank, Truist Bank, First Internet Bank of Indiana, United 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 Shane's Rib Shack SBA loans?: The median term is 10.4 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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