Citizens Bank Salsarita's SBA Loans — 3 Loans Funded
Data from 2005–2006 · Updated March 2026
Citizens Bank has funded 3 SBA loans to Salsarita's franchisees, totaling $1.0M in approved financing.
The average Salsarita's loan from Citizens Bank is $336K with an average term of 86 months.Citizens Bank has funded Salsarita's locations across 2 states. The default rate is 100% based on 3 resolved loans — above industry averages, indicating higher risk for this combination.
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Citizens Bank is one of 3+ lenders who have funded Salsarita's. We can help you compare options and connect with lenders experienced in this brand — no retainers, referral fee at closing.
Citizens Bank Salsarita's Loan Performance Analysis
Based on our analysis of 3 SBA loans originated by Citizens Bank for Salsarita's franchisees, the lending relationship between these two entities spans 2005–2006.
The loan size range extends from $305K to $357K, indicating Citizens Bank funds both smaller single-unit Salsarita's operations and larger multi-unit or renovation projects.
The 100% default rate is above the SBA portfolio average. This may reflect market conditions during the lending period, the specific locations funded, or the economic cycle. Prospective borrowers should compare this to other lenders who have funded Salsarita's (shown below) and consider multiple options before committing.
SBA Programs Used for Salsarita's Loans
| Program | Loans | Avg Size | Avg Rate | Avg Term |
|---|---|---|---|---|
| SBA 7A | 3 | $336K | N/A | 86 mo |
All 3 loans from Citizens Bank to Salsarita's were through the SBA 7A program. The 7(a) program is the SBA's primary business loan program, offering up to $5 million with terms up to 25 years for real estate and 10 years for equipment and working capital.
Where Citizens Bank Funds Salsarita's Franchises
| State | Loans | Avg Loan Size | Total Volume |
|---|---|---|---|
| Tennessee | 2 | $352K | $704K |
| Virginia | 1 | $305K | $305K |
Citizens Bank has the strongest Salsarita's lending presence in Tennessee (2 loans), Virginia (1 loans).
Citizens Bank Salsarita's Lending Over Time
| Year | Loans | Avg Size | Total Volume | Avg Rate |
|---|---|---|---|---|
| 2006 | 2 | $352K | $704K | — |
| 2005 | 1 | $305K | $305K | — |
Citizens Bank's lending to Salsarita's franchisees spans from 2005 to 2006. Lending activity has been relatively stable over the observed period.
Other Lenders That Fund Salsarita's Franchises
Citizens Bank is not the only lender who has funded Salsarita's. Compare 2 other banks who have originated 3+ SBA loans to Salsarita's franchisees.
| Lender | Loans | Avg Size | Default Rate |
|---|---|---|---|
| Citizens Bank (this page) | 3 | $336K | 100% — High Risk |
| Five Star Bank | 3 | $243K | 0% — Low Risk |
| Stearns Bank National Association | 3 | $253K | 0% — Low Risk |
When evaluating lenders for your Salsarita's franchise, consider both loan volume (indicating experience with the brand) and default rate (indicating underwriting quality). A lender with more Salsarita's experience may close faster and understand the brand's unit economics better. A lower default rate suggests more successful outcomes for borrowers.
Other Franchises Funded by Citizens Bank
Citizens Bank is active in franchise lending beyond Salsarita's. Here are the other franchise brands they have funded most frequently.
How to Get an SBA Loan for a Salsarita's Franchise
If you're considering a Salsarita's franchise and want to finance through Citizens Bank or another SBA lender, here's what you need to know based on our analysis of 3 historical loans.
Verify Your Qualifications
Most SBA franchise loans require a 680+ credit score, 20-30% down payment, and relevant industry or management experience.Salsarita's's franchise fee and total investment determine minimum capital requirements.
Compare Lenders
3 lenders have funded Salsarita's with 3+ SBA loans. Lenders with more Salsarita's experience typically close faster because they understand the brand's unit economics. Compare rates, default rates, and geographic coverage above.
Get Pre-Qualified
PeerSense matches borrowers with lenders who have a proven track record funding their specific franchise brand. No retainers — our referral fee is paid at closing. Get matched in 24 hours.
Expected loan terms based on historical data: The average Salsarita's SBA loan from Citizens Bank is $336K with a 86-month term. Loan amounts range from $305K to $357K depending on the specific project (new build, acquisition, refinance, or renovation).
What makes a strong application: Lenders who have funded Salsarita's before look for borrowers with strong personal credit, adequate liquidity beyond the down payment (typically 6-12 months of debt service reserves), and either direct franchise experience or transferable management skills. Having a signed franchise agreement or LOI strengthens your application significantly.
Ready to Fund Your Salsarita's Franchise?
We connect you with lenders who have already funded Salsarita's — so you can compare terms and close with confidence. No retainers. Referral fee paid at closing.