FranchiseRanked

I Heart Mac & Cheese

Restaurants & FoodSBA loans FY2020–FY2024

34

SBA Loans

$11.6M

Total Financed

$342K

Avg Loan Size

—

YoY Loan Growth

How I Heart Mac & Cheese Compares

  • Ranks #70 of 1,075 Restaurants & Food brands by SBA loan count (#329 of 3,543 overall).
  • Its average loan of $342K is 18% below the Restaurants & Food median of $419K.
  • Its 11.8% charge-off rate compares to a 1.3% average across all Restaurants & Food brands.

SBA Loan Activity by Fiscal Year

Fiscal YearLoansTotal Financed
FY20203$864K
FY202111$3.0M
FY20227$2.1M
FY202310$4.5M
FY20243$1.3M

FY2024 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.

Where I Heart Mac & Cheese Is Getting SBA-Financed

Illinois6 loans · $1.0MMichigan6 loans · $1.6MTexas3 loans · $1.1MFlorida3 loans · $1.3MIndiana2 loans · $644KColorado2 loans · $805KSouth Carolina2 loans · $846KNorth Carolina2 loans · $1.1MTennessee2 loans · $448KArizona1 loan · $168KMinnesota1 loan · $469KCalifornia1 loan · $624KMissouri1 loan · $670KVirginia1 loan · $349KGeorgia1 loan · $495K

Recent SBA-Financed I Heart Mac & Cheese Locations

Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.

Hamby Family Enterprise LLCEast Lansing, MI
$499,7002024-03-07
RAYNEV HOLDINGS LLCDESTIN, FL
$262,0002023-12-13
HK Food Management LLCMCDONOUGH, GA
$495,0002023-10-06
TCKC Investments LLCWinter Garden, FL
$946,0002023-09-28
TCKC Investments LLCWinter Garden, FL
$50,0002023-09-28
JMKC Enterprise LLCVirginia Beach, VA
$349,0002023-09-28
JCLORY, LLCCHESTERFIELD, MO
$669,6002023-09-09
I Heart Mac & CheeseSacramento, CA
$624,0002023-09-02
Moran Food LLCClayton, NC
$500,0002023-06-13
Hamby Family Enterprise LLCEAST LANSING, MI
$350,0002023-05-19
Soni Foods LLCNorth Richland Hills, TX
$538,3002023-03-30
Waters Hospitality Group, LLCHixson, TN
$423,0002023-01-09
Waters Hospitality Group, LLCHixson, TN
$25,0002023-01-09
MN Mac & Cheese LLCSAINT PAUL, MN
$469,2002022-03-03
I Heart Mac and CheeseMont Belvieu, TX
$225,0002022-02-07
PRH Restaurant Group LLCSaginaw, MI
$30,0002022-01-13
PRH Restaurant Group LLCSaginaw, MI
$350,0002022-01-13
PRH Restaurant Group LLCSaginaw, MI
$30,0002022-01-13
PRH Restaurant Group LLCSaginaw, MI
$350,0002022-01-13
LB2 Group, LLCIndian Trail, NC
$640,0002022-01-12
Pranali, LLCWest Columbia, SC
$505,5002021-09-24
Liam Food Group LLCFORT MILL, SC
$340,0002021-08-13
Mac Daddy Colorado II LLCDENVER, CO
$457,5002021-07-29
TygerCat, Inc.Urbana, IL
$270,0002021-07-20
TygerCat, Inc.Urbana, IL
$25,0002021-07-20

Frequently Asked Questions

Is I Heart Mac & Cheese growing or shrinking?

I Heart Mac & Cheese doesn't have enough SBA loan activity in both FY2023 and FY2024 to calculate a reliable year-over-year trend. For context, it ranks #70 of 1,075 Restaurants & Food brands by total SBA loan count since FY2020 -- a snapshot of scale, if not of trend.

How much does it cost to open a I Heart Mac & Cheese franchise?

We don't have that figure -- investment ranges and fees come from a franchisor's Franchise Disclosure Document (FDD), which this site doesn't parse (see methodology). The average SBA loan size of $342K (18% below the typical Restaurants & Food brand's $419K) is a rough proxy, but SBA loans often cover only part of total investment.

What's the SBA loan default rate for I Heart Mac & Cheese?

4 of 34 SBA loans to I Heart Mac & Cheese franchisees (11.8%) have been charged off since FY2020, compared to 1.3% across all Restaurants & Food brands.

Explore More

More Restaurants & Food brands Most financed franchises

Top SBA Lenders

  • The Huntington National Bank13
  • Citizens Bank3
  • BayFirst National Bank3
  • Newtek Small Business Finance, Inc.2
  • The Bancorp Bank National Association2
Planning to finance a restaurants & food purchase?

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Source: SBA 7(a) FOIA loan dataset. View dataset