Closet & Storage Concepts
2
SBA Loans
$950K
Total Financed
$475K
Avg Loan Size
—
YoY Loan Growth
How Closet & Storage Concepts Compares
- Ranks #89 of 146 Other brands by SBA loan count (#2,412 of 3,543 overall).
- Its average loan of $475K is 55% above the Other median of $306K.
- With only 2 loans on record, its own charge-off rate isn't statistically meaningful -- for context, Other brands overall see a 2.1% charge-off rate across 1,541 loans.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2024 | 2 | $950K |
FY2024 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where Closet & Storage Concepts Is Getting SBA-Financed
Recent SBA-Financed Closet & Storage Concepts Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is Closet & Storage Concepts growing or shrinking?
Closet & Storage Concepts doesn't have enough SBA loan activity in both FY2023 and FY2024 to calculate a reliable year-over-year trend. For context, it ranks #89 of 146 Other brands by total SBA loan count since FY2020 -- a snapshot of scale, if not of trend.
How much does it cost to open a Closet & Storage Concepts 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 $475K (55% above the typical Other brand's $306K) is a rough proxy, but SBA loans often cover only part of total investment.
What's the SBA loan default rate for Closet & Storage Concepts?
Closet & Storage Concepts only has 2 SBA loans on record -- too few to calculate a meaningful charge-off rate on its own. For context, Other brands overall see a 2.1% charge-off rate across 1,541 loans.
Explore More
Top SBA Lenders
- Liberty Bank2
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset