SBA loans to Toastique franchisees
Short answer
SBA's 7(a) file lists 44 loans to Toastique franchisees since October 2019, with a median of $472,100. 36.4% were lines of credit, against 27.2% of all SBA 7(a) loans. Source: SBA 7(a) loan file, June 30, 2026.
- SBA loans, Oct 2019 to Jun 2026
- 44
- Total dollars approved
- $17.49M
- Median loan
- $472,100
- Through SBA Express
- 36.4%
This page is not from Toastique
Janover Capital LLC runs this site. Toastique did not provide, review, approve or pay for this page. The name only identifies the brand SBA recorded on each loan. It is not an endorsement, and brand names are trademarks of their owners.
SBA loans to Toastique
SBA's file lists 44 loans to Toastique franchisees. They were approved from October 2019 through June 2026 and are worth $17.49 million in all. 37 of them were approved since October 2023.
Loans to this brand carry SBA Franchise Identifier Code S5981. SBA issues a code only for a brand it lists on its Franchise Directory, and the lender enters it with the application (SOP 50 10 8.1, Sec. A, Ch. 1, Para. G.5). The latest of these loans were approved in FY2026, through June 2026. A listing can change, so check the current Directory before you apply.
SBA's file records 23 of these loans under Limited-Service Restaurants, the industry named on them most often.
| Measure | Oct 2019 to Jun 2026 | Oct 2023 to Jun 2026 |
|---|---|---|
| Loans approved | 44 | 37 |
| Dollars approved | $17,487,400 | $15,124,200 |
| Median loan | $472,100 | $498,500 |
| Middle half of loans | $50,000 to $571,275 | $50,000 to $603,000 |
| Median term | 120 months (10 years) | 120 months (10 years) |
| Through SBA Express | 36.4% | 37.8% |
| Lines of credit | 36.4% | 37.8% |
| Median spread over Prime | Prime plus 2.5 points | Prime plus 2.5 points |
| Median rate at approval | Not shown | 10.00% |
Express means SBA Express and Export Express. Spread is for variable-rate loans only. No multi-year median rate is shown, because Prime moved too much to compare years.
Loan sizes
The medianThe middle figure. Half the loans were larger and half were smaller. loan was $472,100. The middle half ran from $50,000 to $571,275.
The largest group was loans of $50,000 or less, with 16 loans.
Fewer than 5 means 1 to 4 loans, which are not published.
Interest rates
Loans approved since October 2023 had a median rate of 10.00% at approval. On variable-rate loans the median was Prime plus 2.5 percentage points.
These are rates at approval. Prime moved during these years, so they are not today's rates. Prime is 7.00% as of Nov 10, 2026.
SBA caps the variable rate by loan size under 13 CFR 120.214(d). For a loan of $498,500, the cap is Prime plus 3.0 percentage points, or 10.00% at today's Prime. The cap is a ceiling, and your lender sets the actual rate.
SBA Express
Of the 37 loans to Toastique franchisees approved since October 2023, 37.8% went through SBA Express. For all 7(a) loans in the same period, the share was 35.8%.
SBA Express is capped at $500,000 per applicant and its affiliates (SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1). With SBA Express, the lender makes the credit decision without prior SBA review (Sec. B, Ch. 2, Para. C.2).
Lenders
The Huntington National Bank made the most of these loans: 30 of 44. It also made the most since October 2023, with 28 loans.
| Lender | Loans |
|---|---|
| The Huntington National Bank | 30 |
A lender's past loans do not describe its current credit policy. Only lenders with 5 or more of these loans are listed.
States
Texas had the most of these loans: 7 of 44.
| State | Loans |
|---|---|
| Texas | 7 |
| Virginia | 6 |
| California | 5 |
State is where the business is located, as recorded on the loan.
Opening a first unit or adding one
Lenders usually treat a first unit as a start-up and an owner adding units as an expansion. The two get different questions from a lender.
SBA's rules in brief
SBA counts a business as a start-up when it has been in operation for 1 year or less. A Standard 7(a) or 7(a) Small loan to a start-up requires an equity injectionThe money or assets you put into the deal yourself. of at least 10% of total project costs (SOP 50 10 8.1, Sec. B, Ch. 1, Para. C). Buying an existing unit falls under SBA's change-of-ownership rules (SOP 50 10 8.1, App. 15).
The franchise financing guide covers the rest, each rule with its source.
Of the 44 loans to Toastique franchisees, 86.4% went to startups, where the loan opens the business. Fewer than 5 went to businesses in operation for more than 2 years. For all 7(a) loans, 16.6% went to startups.
Share of loans. Fewer than 5 means 1 to 4 loans, which are not published.
The file records the age of the business that borrowed. It cannot tell a first unit from an added unit, and its startup category is not SBA's start-up test for equity.
Ask lending partners about a first or an added unit
Describe your purchase and the amount you need. You may be referred to lenders, and the lender makes the credit decision.
Start my loan requestJanover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.
Charge-offs
SBA's file has fewer than 5 loans to Toastique franchisees approved from October 2019 to September 2022. That is the group used to measure charge-offs, so no figure is published.
Loans approved after September 2022 have had less time to go bad, so a figure for them would understate the rate.
How charge-offs are measured
The group is loans approved from October 2019 to September 2022, the newest loans old enough to have had time to go bad. A loan counts as charged offThe lender wrote the loan off as a loss because it was not being repaid. when the lender wrote it off as a loss, as SBA's file shows through June 30, 2026. How we measure it.
Common questions
Can I get an SBA loan to open or buy a unit of Toastique?
Yes, if a lender approves you and the brand is eligible. Under SBA rules, a brand that meets the FTC definition of a franchise must be on the SBA Franchise Directory to obtain SBA financing (SOP 50 10 8.1, Sec. A, Ch. 1, Para. G). SBA's file records 44 loans to Toastique franchisees from October 2019 through June 2026. That is history, not a current listing. Check the SBA Franchise Directory, then ask your lender.
Does this page say whether Toastique is a good investment?
No. This page reports what SBA's loan file shows. A loan to a brand's owners is not a rating of the brand. SBA says a Directory listing is not an endorsement or a guaranty of the brand's success (SOP 50 10 8.1, Sec. A, Ch. 1, Para. G). Ask the brand for its franchise disclosure document and talk with current owners before you sign.
How to read this
Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Franchise is the brand SBA recorded on the loan. Express counts SBA Express and Export Express loans. Cancelled loans are not counted. Business age is the answer recorded on the loan. How we build these pages.
Sources
- U.S. Small Business Administration, 7(a) and 504 FOIA loan-level data, as of June 30, 2026
- 13 CFR ยง 120.214(d)(4); SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.5 (Para. B begins p. 126)
- SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)
- SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2 (Para. C begins p. 127)
- SOP 50 10 8.1, Sec. B, Ch. 1, Para. C (p. 118)
- SOP 50 10 8.1, Sec. B, Ch. 1, Para. C (p. 118); Sec. B, Ch. 2, Para. C (p. 127)
- SOP 50 10 8.1, Sec. A, Ch. 1, Para. G.5 (Para. G begins p. 30)
- SOP 50 10 8.1, App. 15, Para. A.1, Types of changes of ownership
- SBA Franchise Directory
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Cite this page: SBA loans to Toastique franchisees. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/franchises/toastique/
Ask lending partners about a franchise loan
Describe your purchase and the amount you need. You may be referred to lenders, and the lender makes the credit decision.
Janover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.