How much do lenders finance for a Smokey Mo's Bar-B-Q franchise?

The median SBA loan approved for a Smokey Mo's Bar-B-Q franchise is $444,500, with the middle 80% of loans between $76,500 and $697,800. 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 Smokey Mo's Bar-B-Q franchises?

By dollars approved, the most active SBA lenders for Smokey Mo's Bar-B-Q have been First United Bank and Trust Company, Third Coast Bank, Amarillo National Bank, Bank Five Nine. 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 Smokey Mo's Bar-B-Q 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 Smokey Mo's Bar-B-Q franchise

SBA lenders have approved 10 loans against the Smokey Mo's Bar-B-Q brand since FY2010, totalling $4.6M. The median approval was $444,500. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#1591

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$444,500

Typical range

$77K-$698K

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 Smokey Mo's Bar-B-Q

Lender	Loans	Approved
First United Bank and Trust Company	2	$1.3M
Third Coast Bank	2	$1.1M
Amarillo National Bank	2	$854K
Bank Five Nine	1	$698K
The Huntington National Bank	2	$450K
Prosperity Bank	1	$233K

Geography

Where Smokey Mo's Bar-B-Q units were financed

State	Loans	Share
Texas	8
Michigan	2

Approvals by fiscal year

’14

’16

’18

’22

’23

’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
20%
$150K - $350K
20%
$350K - $1M
50%
$1M - $2M
10%

Financing a Smokey Mo's Bar-B-Q: common questions

How much do lenders finance for a Smokey Mo's Bar-B-Q franchise?: The median SBA loan approved for a Smokey Mo's Bar-B-Q franchise is $444,500, with the middle 80% of loans between $76,500 and $697,800. 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 Smokey Mo's Bar-B-Q franchises?: By dollars approved, the most active SBA lenders for Smokey Mo's Bar-B-Q have been First United Bank and Trust Company, Third Coast Bank, Amarillo National Bank, Bank Five Nine. 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 Smokey Mo's Bar-B-Q 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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