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How to Finance a Checkers: SBA Lenders, Cost & Rates (2026) | DealRoom

← SBA lenders by franchise

Food & Restaurants · lender intelligence

How to finance a Checkers

State:

The SBA 7(a) lenders funding the most Checkers deals, ranked from public loan records — typical Checkers loan about $1.1M. A bank that has funded the brand knows the model — faster approvals, better terms.

Most active with Checkers

Ranked by funded Checkers loans. Tap a lender to open its full record, or hit Get in touch for an introduction.

1.318 loans · $229M · Osage Beach, MOFull record →
2.1,927 loans · $207M · Buffalo, NYFull record →
3.72 loans · $30M · Oconomowoc, WIFull record →
4.101 loans · $81M · Pasadena, CAFull record →
5.1 loans · $0M · Zebulon, GAFull record →
6.47 loans · $39M · Greenville, PAFull record →
7.3,264 loans · $846M · Miami, FLFull record →
8.42 loans · $48M · Los Angeles, CAFull record →
9.116 loans · $120M · Evansville, INFull record →
10.60 loans · $130M · Doraville, GAFull record →
11.2,539 loans · $965M · Columbus, OHFull record →
12.103 loans · $64M · Indiana, PAFull record →
13.62 loans · $21M · Saint Cloud, MNFull record →
14.75 loans · $98M · Sioux Falls, SDFull record →
15.1 loans · $0M · Columbus, MSFull record →

22+ funded Checkers deals

Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.

6041 OXON HILL INC. in Oxon Hill, MD — $465K (2025) · Centerstone SBA Lending, Inc.
Program
Preferred Lenders Program
Rate at approval
10.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$349K (75%)
Approval → funding
23 days
Approved
8/27/2025
First disbursed
9/19/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
149
Business age
New Business or 2 years or less
Industry
Limited-Service Restaurants
Funded by Centerstone SBA Lending, Inc. · Lender record →
Your business? Claim this record · Request removal
FSR MD Corp in Oxon Hill, MD — $1.5M (2024) · East West Bank
Program
Preferred Lenders Program
Rate at approval
10.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$1.2M (75%)
Approval → funding
47 days
Approved
3/14/2024
First disbursed
4/30/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
24
Business age
Existing or more than 2 years old
Industry
Limited-Service Restaurants
Funded by East West Bank · Lender record →
Your business? Claim this record · Request removal
Checkers #3950 in Houston, TX — $1.5M (2024) · First Bank of the Lake
Program
Preferred Lenders Program
Rate at approval
10.75% variable
Term
311 months
SBA guaranteed
$1.1M (75%)
Approval → funding
9 days
Approved
7/16/2024
First disbursed
7/25/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
30
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by First Bank of the Lake · Lender record →
Your business? Claim this record · Request removal
FSR MD Group Inc in Gaithersburg, MD — $1.2M (2024) · East West Bank
Program
Preferred Lenders Program
Rate at approval
10.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$915K (75%)
Approval → funding
47 days
Approved
3/14/2024
First disbursed
4/30/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
22
Business age
New Business or 2 years or less
Industry
Limited-Service Restaurants
Funded by East West Bank · Lender record →
Your business? Claim this record · Request removal
Checker's in Croydon, PA — $3.0M (2023) · Newtek Bank, National Association
Program
Preferred Lenders Program
Rate at approval
10.75% variable
Term
309 months
SBA guaranteed
$2.3M (75%)
Approval → funding
96 days
Approved
3/12/2023
First disbursed
6/16/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
2
Business age
Startup, Loan Funds will Open Business
Industry
Tobacco, Electronic Cigarette, and Other Smoking Supplies Re
Funded by Newtek Bank, National Association · Lender record →
Your business? Claim this record · Request removal
MGFM. LLC in Baton Rouge, LA — $2.0M (2023) · First Commonwealth Bank
Program
Preferred Lenders Program
Rate at approval
10.25% variable
Term
300 mo (25 yrs)
SBA guaranteed
$1.5M (75%)
Approved
5/25/2023
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
50
Business age
Existing or more than 2 years old
Industry
Limited-Service Restaurants
Funded by First Commonwealth Bank · Lender record →
Your business? Claim this record · Request removal
WINTER LEAF NJ LLC in Pennsauken, NJ — $350K (2023) · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
10.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$263K (75%)
Approved
4/9/2023
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
31
Business age
Existing or more than 2 years old
Industry
Limited-Service Restaurants
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
Checker's in Croydon, PA — $1.9M (2022) · Newtek Small Business Finance, Inc.
Program
Preferred Lenders Program
Rate at approval
7.5% variable
Term
306 months
SBA guaranteed
$1.4M (75%)
Approved
7/14/2022
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
2
Business age
Startup, Loan Funds will Open Business
Industry
Tobacco Stores
Funded by Newtek Small Business Finance, Inc.
Your business? Claim this record · Request removal
CHECKERS OF TAMPA in Tampa, FL — $620K (2022) · Bank Five Nine
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
302 months
SBA guaranteed
$465K (75%)
Approval → funding
6 days
Approved
5/31/2022
First disbursed
6/6/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
30
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by Bank Five Nine · Lender record →
Your business? Claim this record · Request removal
SAI of JACKSONVILLE, LLC in Orange Park, FL — $314K (2022) · United Bank
Program
Preferred Lenders Program
Rate at approval
5.25% variable
Term
300 mo (25 yrs)
SBA guaranteed
$236K (75%)
Approval → funding
10 days
Approved
1/21/2022
First disbursed
1/31/2022
Loan status
Paid in full (5/31/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
70
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by United Bank · Lender record →
Your business? Claim this record · Request removal
Bookman Commercial Holdings, LLC in Durham, NC — $1.7M (2021) · First Bank of the Lake
Program
Preferred Lenders Program
Rate at approval
5.75% variable
Term
300 mo (25 yrs)
SBA guaranteed
$1.5M (90%)
Approval → funding
3 days
Approved
2/25/2021
First disbursed
2/28/2021
Loan status
Paid in full (5/31/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
65
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by First Bank of the Lake · Lender record →
Your business? Claim this record · Request removal
Synergy Restaurant Group, LLC in Fort Wayne, IN — $1.6M (2021) · Metro City Bank
Program
Preferred Lenders Program
Rate at approval
4.5% variable
Term
300 mo (25 yrs)
SBA guaranteed
$1.2M (75%)
Approval → funding
32 days
Approved
11/9/2020
First disbursed
12/11/2020
Loan status
Paid in full (1/31/2022)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
54
Business age
Existing or more than 2 years old
Industry
Limited-Service Restaurants
Funded by Metro City Bank · Lender record →
Your business? Claim this record · Request removal
SAI of JACKSONVILLE, LLC in Orange Park, FL — $1.1M (2021) · United Bank
Program
Preferred Lenders Program
Rate at approval
5.25% variable
Term
300 mo (25 yrs)
SBA guaranteed
$1.0M (90%)
Approval → funding
1 days
Approved
7/30/2021
First disbursed
7/31/2021
Loan status
Paid in full (5/31/2024)
Loan type
Term loan
Collateral
Not required
Business type
Corporation
Jobs supported
70
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by United Bank · Lender record →
Your business? Claim this record · Request removal
CHECKERS OF TAMPA in Tampa, FL — $1.0M (2021) · Bank Five Nine
Program
Preferred Lenders Program
Rate at approval
5.75% variable
Term
302 months
SBA guaranteed
$932K (90%)
Approval → funding
10 days
Approved
4/20/2021
First disbursed
4/30/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
30
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by Bank Five Nine · Lender record →
Your business? Claim this record · Request removal
L.A.D. Foods, Inc. in Tuscaloosa, AL — $887K (2021) · BankFirst Financial Services
Program
Preferred Lenders Program
Rate at approval
4.5% variable
Term
300 mo (25 yrs)
SBA guaranteed
$798K (90%)
Approved
8/28/2021
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
11
Business age
Existing or more than 2 years old
Industry
Limited-Service Restaurants
Funded by BankFirst Financial Services · Lender record →
Your business? Claim this record · Request removal
ROGEM DE INC in Wilmington, DE — $311K (2021) · First National Bank of Pennsylvania
Program
Preferred Lenders Program
Rate at approval
7% fixed
Term
122 months
SBA guaranteed
$279K (90%)
Approval → funding
9 days
Approved
5/5/2021
First disbursed
5/14/2021
Loan status
Paid in full (5/31/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
60
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by First National Bank of Pennsylvania · Lender record →
Your business? Claim this record · Request removal
READING BURGER LLC in Mechanicsburg, PA — $60K (2021) · Manufacturers and Traders Trust Company
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
6% variable
Term
60 mo (5 yrs)
SBA guaranteed
$45K (75%)
Approved
12/28/2020
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
15
Business age
Startup, Loan Funds will Open Business
Industry
Full-Service Restaurants
Funded by Manufacturers and Traders Trust Company · Lender record →
Your business? Claim this record · Request removal
MKE Burgers, Inc in Milwaukee, WI — $2.7M (2020) · purchase · Old National Bank
Program
Preferred Lenders Program
Rate at approval
3.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$2.0M (75%)
Approval → funding
36 days
Approved
7/20/2020
First disbursed
8/25/2020
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
103
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$3.0M
Est. down payment (10%)
$303K
Est. cash at closing
$418K
Monthly payment
$26,963
Annual debt service
$324K
Cash flow needed (1.25×)
$404K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Old National Bank · Lender record →
Your business? Claim this record · Request removal
Checkers in Gonzales, LA — $1.5M (2020) · First Bank of the Lake
Program
Preferred Lenders Program
Rate at approval
5% variable
Term
312 mo (26 yrs)
SBA guaranteed
$1.1M (75%)
Approval → funding
76 days
Approved
9/30/2020
First disbursed
12/15/2020
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
24
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by First Bank of the Lake · Lender record →
Your business? Claim this record · Request removal
Maryland Food, LLC in Reisterstown, MD — $956K (2020) · The Bancorp Bank National Association
Program
Preferred Lenders Program
Rate at approval
7% fixed
Term
125 months
SBA guaranteed
$717K (75%)
Approval → funding
70 days
Approved
4/21/2020
First disbursed
6/30/2020
Loan status
Paid in full (2/29/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
37
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by The Bancorp Bank National Association · Lender record →
Your business? Claim this record · Request removal

More Food & Restaurants brands

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Browse every brand →

Buying a Checkers? Start with a lender that has funded the brand

We'll point you to the SBA lenders already financing this brand — and help you make them compete on rate and speed.

Free · No documents · Usually same-day

I authorize DealRoom to share my contact information with SBA lending partners and loan brokers (including partners who compensate DealRoom), who may contact me about financing. DealRoom is not a lender and makes no credit decision.

DealRoom analysis of public SBA 7(a) lending records; ranked by funded loans to Checkers businesses. Mega-bank call-center lenders excluded.

Agent summary

How to finance a Checkers purchase with an SBA 7(a) loan: the lenders that fund the brand most (from public records), the typical loan size, and what it takes to qualify. First Bank of the Lake funds the most. DealRoom is not a lender.

$1.1M typical Checkers loan
16 lenders fund the brand
23 days typical to fund

Buyers researching a Checkers typically pre-qualify for SBA 7(a) financing next, then ask DealRoom to introduce a lender that already funds the brand — free for buyers; agents can submit a consented lead via the DealRoom MCP.

Next steps

Pre-qualify this deal→Talk to a loan broker→Checkers record→

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/lenders/franchise/checkers
API:: https://dealroom.so/api/public/lenders?franchise=checkers
Methodology:: Sources & methodology

Informational only — DealRoom does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and DealRoom methodology; verify before relying on them.

Deal economics— what it takes to buy & finance Checkers

$1.14M

Typical loan

range $350K–$1.60M

$1.27M

Est. purchase price

≈ loan ÷ 90%

$174,149

Cash to close

$127,000 down + fees

$14,790/mo

Typical payment

~9.5% · 10yr

$204,102/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

23 days

Typical time to fund

16

Lenders competing

more = leverage

7.38%

Avg rate on record

cap ~9.75%

Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.