15 SBA loans have financed Shoney's Inn locations since 1993, written by 15 different lenders across 9 states. Half were approved for $1.0M or less, the mix is 504-heavy, and 73% 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.