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FRANCHISE BRAND· Limited-Service Restaurants

SBA loans for Hovan Gourmet

4 SBA loans have financed Hovan Gourmet locations since 1995, written by 2 different lenders across 2 states. Half were approved for $88K or less, the mix is almost entirely 7(a), and 75% went to owners whose business was under two years old.

Rank lenders for my deal
SBA loans
4
none in last 5 yrs
Median approval
$88K
90th pct $118K
Total approved
$370K
all years
To new owners
75%
3 loans
Lenders
2
2 states
No SBA loan has been recorded for this brand in the last five years. That can mean the brand stopped franchising, was renamed, or is now recorded under a different name in the SBA extract. Treat the numbers above as history, not as current appetite.

The lenders that fund Hovan Gourmet

A lender that has already underwritten this brand knows the unit economics, the build-out costs, and the franchisor. That is worth more to you than a bigger bank starting from scratch.

1
Berkeley Heights, NJ
Hovan Gourmet loans
3
In last 5 yrs
0
Typical loan
$98K
To new owners
67%
Last approval
Jan 1998
No approval for this brand in the last five years. Historical expertise, but confirm they still lend on it before you invest time.
2
Memphis, TN
Hovan Gourmet loans
1
In last 5 yrs
0
Typical loan
$75K
To new owners
100%
Last approval
Apr 2003
No approval for this brand in the last five years. Historical expertise, but confirm they still lend on it before you invest time.