Closet Factory
23
SBA Loans
$17.0M
Total Financed
$738K
Avg Loan Size
—
YoY Loan Growth
How Closet Factory Compares
- Ranks #17 of 146 Other brands by SBA loan count (#469 of 3,543 overall).
- Its average loan of $738K is 141% above the Other median of $306K.
- Its 0.0% charge-off rate compares to a 2.1% average across all Other brands.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2020 | 1 | $150K |
| FY2021 | 5 | $3.6M |
| FY2022 | 5 | $5.8M |
| FY2023 | 3 | $3.7M |
| FY2024 | 2 | $457K |
| FY2025 | 3 | $1.4M |
| FY2026 | 4 | $1.9M |
FY2026 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where Closet Factory Is Getting SBA-Financed
Recent SBA-Financed Closet Factory Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is Closet Factory growing or shrinking?
Closet Factory doesn't have enough SBA loan activity in both FY2025 and FY2026 to calculate a reliable year-over-year trend. For context, it ranks #17 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 Factory 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 $738K (141% 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 Factory?
0 of 23 SBA loans to Closet Factory franchisees (0.0%) have been charged off since FY2020, compared to 2.1% across all Other brands.
Explore More
Top SBA Lenders
- Beacon Bank and Trust5
- Live Oak Banking Company4
- Stock Yards Bank & Trust Company2
- CIBC Bank USA2
- Wells Fargo Bank National Association2
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset