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Hwy 55 Burgers, Shakes & Fries Franchise Loan: The Complete Financing Guide for Hwy 55 Franchise Owners
If you have a passion for classic American food and want to own a business with a proven track record, the Hwy 55 Burgers, Shakes & Fries franchise is worth a serious look. Founded in 1991 in Mount Olive, North Carolina, Hwy 55 has grown into a beloved retro-themed burger chain with hundreds of locations across the country. But like any franchise opportunity, getting started requires real capital - and that is where a well-structured small business loan can make all the difference. This guide covers everything prospective Hwy 55 franchise owners need to know about financing their investment, from startup costs to SBA loan options to how Crestmont Capital can help you secure the funding you need to open your doors.
- What Is the Hwy 55 Franchise?
- Hwy 55 Franchise Costs and Investment Requirements
- Types of Franchise Financing Available
- How Crestmont Capital Helps Hwy 55 Franchisees
- Who Qualifies for Hwy 55 Franchise Loans
- Real Financing Scenarios for Hwy 55 Owners
- Frequently Asked Questions
- Next Steps to Secure Your Hwy 55 Financing
- Conclusion
What Is the Hwy 55 Franchise?
Hwy 55 Burgers, Shakes & Fries - originally known as Andy's Burgers, Shakes & Fries - is a fast-casual American burger franchise that captures the feel of a classic 1950s diner. The brand was founded by Kenney Moore in Mount Olive, North Carolina, and has expanded to hundreds of locations primarily in the Southeast and Mid-Atlantic regions. The name "Hwy 55" was adopted to evoke the nostalgic spirit of roadside America.
The franchise positions itself as a more personal and community-oriented alternative to large national burger chains. Hwy 55 restaurants typically feature a retro aesthetic, hand-crafted burgers, real ice cream milkshakes, and a menu that emphasizes quality ingredients. Customers appreciate the made-to-order approach in an era where fast food has become increasingly automated and impersonal.
For entrepreneurs, Hwy 55 offers an attractive franchise model because of its relatively accessible entry costs compared to major QSR (quick service restaurant) brands, a recognizable brand in its core markets, and a business format that has demonstrated staying power over more than three decades. The franchise provides training, marketing support, and operational guidance to new franchisees.
The typical Hwy 55 franchisee operates a standalone or strip-center location of roughly 1,500 to 2,500 square feet. Some franchisees build multi-unit operations, expanding their portfolio once they have mastered the first location. This scalable model makes Hwy 55 appealing to both first-time franchise owners and experienced operators looking to diversify.
Unlike many fast-food franchises that require millions in upfront capital, Hwy 55 has a lower barrier to entry while still offering a well-established brand, strong customer loyalty in its markets, and a menu built around enduring American comfort food. This makes it one of the more accessible full-service burger franchise opportunities in the country.
Crestmont Capital specializes in franchise loans for food-service operators. Get a decision in as little as 24 hours.
Apply Now - Free, No ObligationHwy 55 Franchise Costs and Investment Requirements
Before you can secure financing, you need a clear picture of what it costs to open and operate an Hwy 55 franchise. Understanding these numbers will help you determine how much funding to seek and what type of loan structure works best for your situation.
Initial Franchise Fee
The Hwy 55 initial franchise fee typically ranges from $20,000 to $25,000. This fee grants you the right to operate under the Hwy 55 brand, access the franchisor's systems and training, and receive ongoing support. The franchise fee is generally paid upfront and is non-refundable.
Total Initial Investment
The total investment required to open an Hwy 55 location - including the franchise fee, build-out costs, equipment, signage, initial inventory, and working capital - typically falls between $150,000 and $500,000. The wide range reflects variables such as whether you are leasing or building, the condition of the chosen space, local labor and construction costs, and the size of the location.
- Leasehold improvements and construction: $60,000 - $200,000
- Equipment and fixtures: $50,000 - $150,000
- Signage: $5,000 - $20,000
- Initial inventory: $5,000 - $15,000
- Training and travel expenses: $3,000 - $10,000
- Working capital (3-6 months): $20,000 - $75,000
- Miscellaneous and opening costs: $5,000 - $15,000
Ongoing Fees
In addition to startup costs, Hwy 55 franchisees pay ongoing royalties and marketing fees. Royalty fees are typically around 4-5% of gross sales, with a marketing or advertising contribution of approximately 1-2% of gross sales. These ongoing obligations must be factored into your cash flow projections and financing strategy.
Liquid Capital and Net Worth Requirements
Hwy 55 typically requires prospective franchisees to demonstrate minimum liquid assets (cash or near-cash) of around $50,000 to $100,000, along with a net worth that supports the total investment. Lenders will also evaluate these benchmarks when reviewing your loan application.
One of the most common mistakes new franchisees make is underestimating working capital needs. Most new restaurants take six to twelve months to reach stable profitability. Your financing plan should include at least three to six months of operating expenses as a buffer. Crestmont Capital can help you structure a loan that covers both your startup costs and an adequate working capital reserve.
Hwy 55 Franchise Investment Snapshot
Types of Franchise Financing Available
There is no single "best" loan for every Hwy 55 franchisee. Your ideal financing structure depends on your credit profile, how much capital you have available, the total amount you need to borrow, and how quickly you want to move. Here is a breakdown of the main financing options available to Hwy 55 franchise investors.
SBA 7(a) Loans
The SBA 7(a) loan program is the most popular financing route for franchise buyers in the United States. These government-backed loans offer amounts up to $5 million, terms of up to 10 years for working capital and up to 25 years for real estate, and competitive interest rates. Because the SBA guarantees a portion of the loan, lenders face less risk - which means better terms for you.
For Hwy 55 franchisees, the SBA 7(a) is an excellent fit because it can cover the franchise fee, build-out, equipment, and working capital in a single loan. The SBA maintains a Franchise Registry that pre-approves franchise systems, which can speed up the loan process. Explore SBA loan options through Crestmont Capital to find the program that fits your needs.
SBA 504 Loans
If you plan to purchase or construct a building for your Hwy 55 location, the SBA 504 loan program is worth exploring. The 504 program is designed for real estate and heavy equipment purchases, with long terms and fixed interest rates. However, if you are leasing your space (which is common for Hwy 55 operators), the 7(a) program is typically more flexible.
Conventional Business Loans
Traditional term loans from banks and alternative lenders offer another route to Hwy 55 franchise funding. Small business loans through alternative lenders often have faster approval timelines than SBA loans - sometimes as little as 24-48 hours - but may carry higher interest rates. They are a good option if you need capital quickly or do not meet the stricter requirements of SBA programs.
Equipment Financing
Kitchen equipment represents one of the largest line items in any restaurant franchise. Fryers, griddles, refrigeration units, POS systems, and specialty milkshake machines can add up quickly. Equipment financing lets you borrow against the value of the equipment itself, which means lower rates and less strain on your overall capital. The equipment serves as collateral, making this an accessible option even for newer business owners.
Business Line of Credit
A revolving business line of credit is a powerful tool for managing cash flow fluctuations, covering seasonal dips, or handling unexpected expenses once your Hwy 55 franchise is open. Unlike a term loan, you draw on a line of credit as needed and only pay interest on what you use. Many franchisees use a combination of a term loan for startup costs and a line of credit for ongoing working capital needs.
Franchisor Financing Programs
Some franchise systems offer in-house financing or have preferred lender relationships that provide advantageous terms to qualified buyers. It is worth asking the Hwy 55 franchise development team whether any financing programs or preferred lenders are available. Even if Hwy 55 does not directly finance franchisees, their preferred lenders may have pre-existing familiarity with the brand's financials, which can streamline the loan process.
Rollover for Business Startups (ROBS)
If you have a 401(k) or IRA, a ROBS arrangement lets you use those retirement funds to capitalize your franchise without early withdrawal penalties or taxes. A ROBS is not a loan - it is a legitimate business funding structure - but it comes with legal complexity and ongoing compliance requirements. If you are considering this route, work with a qualified ROBS administrator and legal counsel.
How Crestmont Capital Helps Hwy 55 Franchise Owners
Crestmont Capital is a leading U.S. business lender that specializes in helping franchise owners secure the financing they need to launch, grow, and scale their businesses. Unlike traditional banks that can take weeks or months to process a loan, Crestmont Capital offers a streamlined application process with decisions in as little as 24 hours for many loan types.
Our team understands the unique financing needs of food-service franchisees. We know that speed matters - the right location might not be available forever, and your business plan depends on moving quickly. We also know that not every franchisee has a perfect credit score or extensive business history. That is why we offer a wide range of loan products designed to serve franchisees at every stage of their journey.
What We Offer Hwy 55 Franchisees
- SBA 7(a) loans - For franchisees who want the best rates and longest terms
- Conventional term loans - For those who need faster funding with fewer requirements
- Equipment financing - To spread the cost of restaurant equipment over time
- Business lines of credit - For ongoing cash flow management
- Multi-unit financing packages - For experienced operators expanding their portfolio
According to Forbes, the most successful franchise owners treat financing as a strategic tool - not just a necessity. Crestmont Capital helps you think through your financing structure so that loan payments are manageable, your working capital remains healthy, and your business has room to grow.
We have helped hundreds of franchise operators across the country access long-term business loans that align with their cash flow realities. Our loan specialists work with you one-on-one to understand your specific situation, match you with the right product, and guide you through the application process from start to finish.
Our team has helped hundreds of franchise owners across the country secure the right financing. Let us do the same for you.
Start Your ApplicationWho Qualifies for Hwy 55 Franchise Loans
One of the most common questions we hear from prospective franchisees is: "Will I qualify for a loan?" The honest answer is that qualification depends on a combination of factors - and even if you do not meet every criterion perfectly, there are often paths forward. Here is what lenders typically evaluate when reviewing a franchise loan application.
Credit Score
For SBA loans, most lenders look for a personal credit score of 680 or higher. Conventional lenders may approve borrowers with scores in the 620-679 range, and some alternative lenders work with business owners who have scores as low as 550. If your credit is not where you would like it to be, bad credit business loan options may still be available to you.
Business Experience
Lenders prefer applicants who have relevant restaurant, retail, or management experience. If you have worked in food service, managed a team, or operated another business, that history strengthens your application. First-time business owners are not automatically disqualified - the Hwy 55 franchisor's training program and support system help offset inexperience in the eyes of some lenders.
Down Payment / Equity Injection
SBA loans typically require a down payment of 10-30% of the total project cost. For a $250,000 Hwy 55 startup, that means having $25,000 to $75,000 in liquid capital to contribute. Conventional loans may require more. The more you can put in, the better your loan terms will generally be.
Business Plan and Financial Projections
A well-prepared business plan is essential for any franchise loan application. Your plan should include a detailed site analysis, competitive landscape assessment, startup cost breakdown, and three to five years of financial projections. The Hwy 55 franchise disclosure document (FDD) is a valuable resource for building realistic revenue and expense assumptions.
Collateral
Lenders often require collateral to secure franchise loans. This can include business assets (equipment, fixtures, inventory), personal assets (home equity, investments), or both. If you have limited collateral, SBA loans are often more forgiving because the government guarantee reduces lender risk.
Industry and Franchise System Strength
Lenders evaluate the franchise system itself - its track record, growth rate, franchisee satisfaction, and financial stability. A franchise with a proven model and strong FDD metrics is easier to finance than an unproven concept. Hwy 55's more than 30-year operating history and consistent brand presence work in your favor when seeking financing.
As reported by CNBC, the franchise financing market has become increasingly competitive, with more lenders entering the space and offering creative structures to qualified borrowers. Working with a lender who specializes in franchises - like Crestmont Capital - can open doors that a generic bank might not.
Real Financing Scenarios for Hwy 55 Owners
Abstract loan information is useful, but concrete examples make the numbers real. Here are three hypothetical scenarios that illustrate how different Hwy 55 franchise owners might approach their financing.
Scenario 1: First-Time Franchisee, Single Location
Maria is a former restaurant manager in her early 40s who has saved $60,000 and wants to open her first Hwy 55 location in a suburban strip center in North Carolina. Her total estimated investment is $280,000. She applies for an SBA 7(a) loan for $220,000 with a 10-year term. Her monthly loan payment is approximately $2,400, well within the range supported by projected sales of $35,000-$50,000 per month. Her solid restaurant management background and a credit score of 710 help her qualify. Within two years, she is consistently profitable and exploring a second location.
Scenario 2: Experienced Operator, Multi-Unit Expansion
James already owns two Hwy 55 locations in South Carolina and wants to open a third. His existing locations are profitable, giving him cash flow to support additional debt. He uses a combination of an equipment financing package for $90,000 in kitchen equipment and a conventional term loan for $150,000 in build-out and working capital. The separate structures let him optimize rates on each component. Crestmont Capital packages both loans together, simplifying the process. James is open and serving customers within eight months of applying.
Scenario 3: Franchisee with Credit Challenges
David had some financial setbacks four years ago that pushed his credit score to 610. He has since rebuilt responsibly and has $45,000 in savings. A traditional bank turns him down for an SBA loan, but Crestmont Capital identifies a non-SBA franchise loan with a slightly higher interest rate and a 7-year term for $175,000 against a total project of $220,000. His monthly payment is manageable, and after 18 months of strong performance, he refinances at a better rate with his improved credit history.
General business lenders often do not understand the nuances of franchise financing. A specialist who knows the Hwy 55 FDD, understands food-service cash flow patterns, and has relationships with SBA-approved lenders can make the difference between an approval and a rejection - or between good terms and great terms. That is the Crestmont Capital difference.
For additional context on how franchise financing works in the broader market, Bloomberg has covered trends in franchise lending and small business finance that underscore the growing importance of specialized lenders in the franchise space.
You can also read our related financing guides for similar food-service franchise investments, such as our guide on McAlister's Deli franchise loans and our overview of Charley's Grilled Subs franchise financing, both of which share similar cost structures to Hwy 55.
If you are looking for fast business loans to lock in a great location before it disappears, Crestmont Capital can often deliver decisions within 24-48 hours - far faster than the typical bank or SBA direct application process.
Frequently Asked Questions
How much does it cost to open an Hwy 55 franchise?
The total investment to open an Hwy 55 Burgers, Shakes & Fries franchise typically ranges from $150,000 to $500,000, depending on location, build-out requirements, and market conditions. The initial franchise fee alone is $20,000 to $25,000.
What credit score do I need to get an Hwy 55 franchise loan?
Most SBA lenders prefer a personal credit score of 680 or higher. However, alternative lenders may work with scores as low as 550-620. Even if your credit is imperfect, Crestmont Capital can often find options through non-SBA programs.
Can I use an SBA loan to finance an Hwy 55 franchise?
Yes. SBA 7(a) loans are one of the most popular ways to finance an Hwy 55 franchise. They offer long repayment terms, competitive interest rates, and can cover the franchise fee, construction, equipment, and working capital in a single loan.
How long does it take to get a franchise loan approved?
SBA loan approvals can take 30-90 days from a traditional bank. Crestmont Capital's alternative lending options can deliver approvals in 24-48 hours for qualified borrowers. Your timeline will depend on the loan type, amount, and how quickly you can provide documentation.
What documents do I need to apply for an Hwy 55 franchise loan?
Typical documentation includes your signed or preliminary Hwy 55 franchise agreement, a business plan with financial projections, personal and business tax returns (2-3 years), bank statements, a personal financial statement, and proof of liquid assets or down payment funds.
Can I finance equipment separately from the rest of my franchise startup costs?
Yes. Equipment financing lets you borrow against the value of the equipment itself, often at lower rates than general business loans. You can combine equipment financing with a term loan or SBA loan to cover the remaining startup costs.
Do I need collateral to get an Hwy 55 franchise loan?
Most lenders require some form of collateral, which can include business assets (equipment, inventory) or personal assets (home equity). SBA loans are more flexible on collateral than conventional loans because the government guarantee reduces lender risk.
How much of my own money do I need to invest?
SBA loans typically require an equity injection of 10-30% of total project costs. For a $300,000 total investment, you would need $30,000 to $90,000 in personal funds. Conventional lenders may require more. Having more cash to contribute generally improves your loan terms.
What is the typical repayment term for a franchise loan?
SBA 7(a) loans have repayment terms of up to 10 years for working capital and equipment, and up to 25 years for real estate. Conventional franchise loans typically offer 3-10 year terms. Longer terms mean lower monthly payments but more interest paid over time.
Can I get financing to open multiple Hwy 55 locations?
Yes. Multi-unit financing packages are available for experienced operators. Crestmont Capital works with franchisees who want to open two, three, or more locations, structuring loans that account for the cash flow of existing profitable units to support new openings.
Does Hwy 55 offer any in-house financing?
Hwy 55 does not typically offer direct in-house financing, but the franchise development team may have preferred lender relationships or referrals. It is worth asking during the franchise application process. Regardless, Crestmont Capital can often provide competitive alternatives.
Can I use my retirement savings to fund an Hwy 55 franchise?
Yes, through a Rollover for Business Startups (ROBS) arrangement. This allows you to use 401(k) or IRA funds to capitalize your franchise without early withdrawal penalties. ROBS requires careful legal and compliance setup - consult a qualified ROBS administrator before proceeding.
What is the royalty rate for Hwy 55 franchisees?
Hwy 55 franchisees typically pay royalties of approximately 4-5% of gross sales, plus a marketing contribution of 1-2% of gross sales. These ongoing fees must be factored into your cash flow projections when determining how much you can afford to borrow.
What happens if my Hwy 55 franchise underperforms in the early months?
Most new restaurant franchises take 6-12 months to reach steady profitability. This is why building adequate working capital reserves into your financing plan is critical. A business line of credit can also provide a financial cushion during slow periods. Crestmont Capital can help you structure a loan with a working capital buffer built in.
How do I start the process of getting an Hwy 55 franchise loan?
The first step is to complete a loan pre-qualification with Crestmont Capital. This involves a brief application, a review of your credit and financial situation, and a consultation with one of our franchise loan specialists. The process is free and non-obligatory, and you can often get a preliminary decision within 24-48 hours.
Next Steps to Secure Your Hwy 55 Financing
Your Hwy 55 Franchise Financing Roadmap
- Contact Hwy 55 Franchise Development - Request their Franchise Disclosure Document (FDD) and attend a discovery day to confirm your interest in the brand.
- Assess Your Financial Position - Calculate your liquid assets, check your personal credit score, and estimate how much you need to borrow based on total investment requirements.
- Gather Your Documents - Compile tax returns, bank statements, a personal financial statement, and a preliminary business plan.
- Apply with Crestmont Capital - Submit your loan pre-qualification application. Our specialists will review your situation and identify the best loan options for your needs.
- Review Loan Offers - Compare loan structures, interest rates, terms, and monthly payments. Choose the option that best fits your financial plan.
- Close Your Loan - Complete the underwriting process, sign your loan documents, and receive your funding.
- Complete Hwy 55 Training - Use the pre-opening period to go through the franchisor's training program while your location is being built out.
- Open Your Doors - Launch your Hwy 55 franchise with the confidence that comes from solid financing and strong brand support.
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Apply for Your Hwy 55 Franchise LoanConclusion
The Hwy 55 Burgers, Shakes & Fries franchise offers a compelling opportunity for entrepreneurs who want to own a food-service business with strong brand recognition, a proven operating model, and a relatively accessible investment threshold. But even the best franchise opportunity requires smart financing to succeed - and smart financing starts with choosing the right lender and the right loan structure.
Whether you are a first-time franchisee exploring SBA options, an experienced operator planning a multi-unit expansion, or a prospective owner with credit challenges looking for alternative paths forward, Crestmont Capital has the expertise, products, and relationships to help you find the right funding solution for your Hwy 55 franchise investment.
Do not let financing uncertainty stop you from pursuing your entrepreneurial goals. The process is more accessible than most people think - especially when you work with a lender who specializes in franchise finance. Take the first step today by applying online or speaking with one of our franchise loan specialists. Your Hwy 55 location could be serving customers sooner than you imagine.
The information provided in this article is for general educational purposes only and is not financial, legal, or tax advice. Franchise investment costs, loan terms, and qualification requirements vary by individual circumstances, lender, and market conditions. Consult with qualified financial and legal advisors before making any investment or financing decisions.
