29 SBA loans have financed Sheridan's Frozen Custard locations since 2001, written by 17 different lenders across 8 states. Half were approved for $189K or less, the mix is a mix of 7(a) and 504, and 90% went to owners whose business was under two years old.
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.