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.
1
1 franchised
Proprietary PeerSense metric
LimitedActive 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)
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
Franchise Financing Resources
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
Estimated Monthly Payment
$5,176
Principal & Interest only
Locations
Prime Sirloin Family Steakhous — unit breakdown
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