Aroma Joe's
14
SBA Loans
$7.4M
Total Financed
$529K
Avg Loan Size
—
YoY Loan Growth
How Aroma Joe's Compares
- Ranks #154 of 1,075 Restaurants & Food brands by SBA loan count (#678 of 3,543 overall).
- Its average loan of $529K is 26% above the Restaurants & Food median of $419K.
- With only 14 loans on record, its own charge-off rate isn't statistically meaningful -- for context, Restaurants & Food brands overall see a 1.3% charge-off rate across 11,372 loans.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2020 | 2 | $600K |
| FY2021 | 4 | $1.4M |
| FY2022 | 1 | $435K |
| FY2023 | 5 | $2.7M |
| FY2024 | 2 | $2.3M |
FY2024 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where Aroma Joe's Is Getting SBA-Financed
Recent SBA-Financed Aroma Joe's Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is Aroma Joe's growing or shrinking?
Aroma Joe's doesn't have enough SBA loan activity in both FY2023 and FY2024 to calculate a reliable year-over-year trend. For context, it ranks #154 of 1,075 Restaurants & Food brands by total SBA loan count since FY2020 -- a snapshot of scale, if not of trend.
How much does it cost to open a Aroma Joe's franchise?
We don't have that figure -- investment ranges and fees come from a franchisor's Franchise Disclosure Document (FDD), which this site doesn't parse (see methodology). The average SBA loan size of $529K (26% above the typical Restaurants & Food brand's $419K) is a rough proxy, but SBA loans often cover only part of total investment.
What's the SBA loan default rate for Aroma Joe's?
Aroma Joe's only has 14 SBA loans on record -- too few to calculate a meaningful charge-off rate on its own. For context, Restaurants & Food brands overall see a 1.3% charge-off rate across 11,372 loans.
Top SBA Lenders
- Kennebunk Savings Bank4
- Androscoggin Savings Bank3
- Mechanics Cooperative Bank2
- Machias Savings Bank1
- KeyBank National Association1
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset