CoreLife Eatery
5
SBA Loans
$4.0M
Total Financed
$793K
Avg Loan Size
—
YoY Loan Growth
How CoreLife Eatery Compares
- Ranks #356 of 1,075 Restaurants & Food brands by SBA loan count (#1,365 of 3,543 overall).
- Its average loan of $793K is 89% above the Restaurants & Food median of $419K.
- With only 5 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 | 3 | $2.2M |
| FY2022 | 1 | $1.1M |
| FY2024 | 1 | $655K |
FY2024 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where CoreLife Eatery Is Getting SBA-Financed
Recent SBA-Financed CoreLife Eatery Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is CoreLife Eatery growing or shrinking?
CoreLife Eatery doesn't have enough SBA loan activity in both FY2023 and FY2024 to calculate a reliable year-over-year trend. For context, it ranks #356 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 CoreLife Eatery 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 $793K (89% 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 CoreLife Eatery?
CoreLife Eatery only has 5 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
- The Huntington National Bank2
- Genesee Regional Bank1
- Republic Bank & Trust Company1
- VelocitySBA, LLC1
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset