{"ok":true,"canonical_url":"https://dealroom.so/franchises/sonic","api_url":"https://dealroom.so/api/public/franchises/sonic","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"methodology":{"label":"Franchise financing & failure-rate methodology","url":"https://dealroom.so/methodology/franchise-risk"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"franchise":{"brand":"Sonic","slug":"sonic","url":"https://dealroom.so/franchises/sonic","sbaLoansSince2020":21,"businessPurchases":4,"typicalDeal":1268500,"dealRange25th75th":[411400,2078000],"avgRatePct":6.46,"failureRatePct":null,"failureRateNote":"too few loans to score","loansSinceFY2025":5,"topLenders":[{"name":"Live Oak Banking Company","count":8,"url":"https://dealroom.so/lenders/live-oak-banking-company"},{"name":"Webster Bank National Association","count":3,"url":"https://dealroom.so/lenders/webster-bank-national-association"},{"name":"Glacier Bank","count":1,"url":"https://dealroom.so/lenders/glacier-bank"},{"name":"First Bank of the Lake","count":1,"url":"https://dealroom.so/lenders/first-bank-of-the-lake"},{"name":"Bank Five Nine","count":1,"url":"https://dealroom.so/lenders/bank-five-nine"}],"topStates":[{"count":6,"state":"CA"},{"count":4,"state":"FL"},{"count":3,"state":"RI"},{"count":1,"state":"WY"},{"count":1,"state":"IN"},{"count":1,"state":"VA"},{"count":1,"state":"AL"},{"count":1,"state":"CO"}],"recentDeals":[{"borrower":"Smooth Seas Holdings LLC","city":"Miami Gardens","state":"FL","amount":3800000,"fiscalYear":2026,"businessPurchase":false,"lender":"Live Oak Banking Company"},{"borrower":"Smooth Seas Holdings LLC","city":"Key Largo","state":"FL","amount":650000,"fiscalYear":2026,"businessPurchase":false,"lender":"Live Oak Banking Company"},{"borrower":"JOHN COVE DUMFRIES LLC","city":"Dumfries","state":"VA","amount":126000,"fiscalYear":2026,"businessPurchase":false,"lender":"Bank Five Nine"},{"borrower":"Sonic Drive-In Auburn","city":"Auburn","state":"IN","amount":637000,"fiscalYear":2025,"businessPurchase":false,"lender":"First Bank of the Lake"},{"borrower":"SDI GRAND JUNCTION, INCORPORATED","city":"Grand Junction","state":"CO","amount":100000,"fiscalYear":2025,"businessPurchase":false,"lender":"Zions Bank, A Division of"},{"borrower":"HHB of Cranston Inc.","city":"Providence","state":"RI","amount":411400,"fiscalYear":2024,"businessPurchase":false,"lender":"Webster Bank National Association"},{"borrower":"HHB of Cranston Inc.","city":"Providence","state":"RI","amount":200000,"fiscalYear":2024,"businessPurchase":false,"lender":"Webster Bank National Association"},{"borrower":"Sonic Drive Ins Hayward; Sonic Drive Ins Salinas; Sonic Drive Ins Gilroy","city":"Hayward","state":"CA","amount":2460000,"fiscalYear":2023,"businessPurchase":true,"lender":"United Business Bank"},{"borrower":"Tower Capital LLC","city":"Saint Paul","state":"MN","amount":5000000,"fiscalYear":2022,"businessPurchase":true,"lender":"Live Oak Banking Company"},{"borrower":"HHB of Cranston, Inc.","city":"Cranston","state":"RI","amount":2250000,"fiscalYear":2022,"businessPurchase":false,"lender":"Webster Bank National Association"}]},"caveats":["DealRoom data is market intelligence, not a credit decision or SBA eligibility determination.","Final lender fit depends on SBA eligibility, borrower strength, collateral, cash flow, guarantors, and lender policy."],"citation":{"label":"DealRoom franchise financing record","url":"https://dealroom.so/franchises/sonic","source_type":"DealRoom Data"}}