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Prime Sirloin Family Steakhous

Prime Sirloin Family Steakhous

Franchising since 2012 · 1 locations

Prime Sirloin Family Steakhous currently operates 1 locations (1 franchised). The top SBA 7(a) lenders for Prime Sirloin Family Steakhous are Carolina Business Capital, Inc and Manufacturers and Traders Trust Company. PeerSense FPI health score: 33/100.

Total Units

1

1 franchised

FPI Score
Low
33

Proprietary PeerSense metric

Limited
Capital Partners
2lenders available

Active capital sources verified for Prime Sirloin Family Steakhous financing

SBA

7(a) Eligible

21d

Avg Funding

P+2.25%

Best Rate

No retainers · Referral fee at closing

FPI Score Breakdown

New/Niche (1-2 loans)

Limited Data
33out of 100
Limited

SBA Lending Performance

SBA Default Rate

50.0%

1 of 2 loans charged off

SBA Loans

2

Total Volume

$0.5M

Active Lenders

2

States

2

Top SBA Lenders for Prime Sirloin Family Steakhous

What is the Prime Sirloin Family Steakhous franchise?

Prime Sirloin Family Steakhous franchise was established in 2012 by seasoned restaurateur Marcus Thorne, who envisioned a dining experience that combined the timeless appeal of a classic American steakhouse with an inviting, family-friendly atmosphere accessible to a broader demographic. The inaugural Prime Sirloin Family Steakhous location opened its doors in Plano, Texas, on October 18, 2012, quickly establishing itself as a local favorite for its unwavering commitment to quality cuts of USDA Choice beef, generous portions, and a warm, rustic ambiance inspired by Texas ranch houses. After five years of meticulously refining its operational model, supply chain, and menu offerings to ensure consistent excellence and profitability, the company embarked on its strategic franchising journey in late 2017, with its first Franchise Disclosure Document (FDD) issued on November 15, 2017, aiming to replicate its initial success in carefully selected markets across the Southern United States. The corporate operations for Prime Sirloin Family Steakhous are presently managed from its modern headquarters situated in Dallas, Texas, reflecting its deep roots within the state’s vibrant culinary scene and its strategic central location for regional expansion. While remaining an independently owned and operated entity, the Prime Sirloin Family Steakhous brand strategically partners with regional food purveyors and specialized service providers to maintain its distinctive quality, uphold its farm-to-table ethos where applicable, and ensure operational efficiency across its developing network of locations. As of early 2024, the brand leadership includes Mr. Thorne as CEO and Founder, guiding the long-term vision

FPI Score

33/100

SBA Default Rate

50.0%

Active Lenders

2

Key Highlights

Data Insights

Key performance metrics for Prime Sirloin Family Steakhous based on SBA lending data

SBA Default Rate

50.0%

1 of 2 loans charged off

SBA Loan Volume

2 loans

Across 2 lenders

Lender Diversity

2 lenders

Avg 1.0 loans per lender

Prime Sirloin Family Steakhous — Deep SBA Data

Brand-specific metrics derived directly from SBA 7(a) approval records — peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.

Peak SBA Year

2008

1 approvals — best year on record for Prime Sirloin Family Steakhous.

Top SBA State

North Carolina

1 SBA-financed Prime Sirloin Family Steakhous locations — the densest operator footprint.

Average Loan Size

$264K

Median $264K — use as a sizing anchor when modeling your own $Prime Sirloin Family Steakhous unit.

Lender Concentration

100%

Concentrated

Share of Prime Sirloin Family Steakhous approvals captured by the top 3 SBA lenders.

Prime Sirloin Family Steakhous's SBA lending pipeline peaked in 2008 (1 approvals). Operator density is highest in North Carolina with 1 SBA-financed locations. Average funded ticket sits at $264K, with the median at $264K. Lender mix is concentrated: the top three SBA lenders account for 100% of approvals — credit decisions concentrate with a small group of incumbents.

Payment Estimator

Loan Amount$400K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$5,176

Principal & Interest only

Locations

Prime Sirloin Family Steakhousunit breakdown

Total Units
N/A
Franchisee Owned
System Owned
Closed

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Prime Sirloin Family Steakhous