SBA Loans for Closet Factory Franchises
Who actually funds Closet Factory SBA 7(a) deals, and how much they lend. Sourced directly from SBA FOIA records covering every approved 7(a) loan from 2021 to 2026.
Top lenders funding Closet Factory SBA loans
Ranked by number of Closet Factory 7(a) loans approved since 2021.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | Beacon Bank and Trust | 5 | $3.5M | $710K |
| 2 | Live Oak Banking Company | 4 | $2.7M | $673K |
| 3 | Wells Fargo Bank National Association | 2 | $2.9M | $1.5M |
| 3 | CIBC Bank USA | 2 | $2.5M | $1.2M |
| 3 | Old National Bank | 2 | $457K | $228K |
| 3 | Stock Yards Bank & Trust Company | 2 | $639K | $319K |
| 3 | 1st Source Bank | 2 | $256K | $128K |
| 8 | First Bank of the Lake | 1 | $2.8M | $2.8M |
| 8 | Equitable Bank | 1 | $726K | $726K |
| 8 | North State Bank | 1 | $300K | $300K |
Source: SBA FOIA 7(a) loan-level data, 2021 to 2026. Shows lenders with at least one approved Closet Factory loan in this period, ranked by loan count.
Closet Factory SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| TX | 4 | $4.2M | $1.1M |
| MO | 2 | $2.9M | $1.5M |
| NC | 2 | $2.5M | $1.2M |
| PA | 2 | $1.6M | $799K |
| SC | 2 | $1.6M | $783K |
| FL | 1 | $750K | $750K |
| NE | 1 | $726K | $726K |
| CA | 1 | $700K | $700K |
| KY | 2 | $639K | $319K |
| MN | 1 | $500K | $500K |
| WI | 2 | $457K | $228K |
| IN | 2 | $256K | $128K |
Closet Factory SBA loans by year
How Closet Factory SBA loans have performed
Outcomes for every funded Closet Factory 7(a) loan approved since FY2010. Each SBA loan usually finances one location, so read these as an estimate of units.
Source: SBA FOIA 7(a) loan-level data. Defaulted means the SBA purchased the guaranty (charged off, or purchased and not yet charged off). Recent loans have had less time to default, and small loan counts swing widely, so one or two loans can move these percentages a lot.
SBA lender notes for Closet Factoryfrom the SBA Franchise Directory
1. When the real estate where the franchise business is located will secure the SBA-guaranteed loan, the Collateral Assignment of Lease may not be executed. 2.Lender/CDC must ensure they obtain the correct lien position on all collateral as required pursuant to the SOP 50 10.
How to use this
The lenders above have actually closed SBA 7(a) loans for Closet Factory franchisees, so they already understand the brand's model, unit economics, and franchise agreement. That familiarity usually means a faster, cleaner underwrite than a lender seeing the concept for the first time.
A lender being active historically doesn't mean they're the right fit for your deal size, location, or timing right now. That's where we come in, and we match your Closet Factory deal to a lender currently funding this brand.
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We know which lenders are actively funding Closet Factory deals right now and which fit your loan size and location. Pre-qualify and we'll find your match (free to borrowers).