Locals Love Us
1
SBA Loans
$123K
Total Financed
$123K
Avg Loan Size
—
YoY Loan Growth
How Locals Love Us Compares
- Ranks #176 of 241 Business & Professional Services brands by SBA loan count (#2,780 of 3,543 overall).
- Its average loan of $123K is 51% below the Business & Professional Services median of $250K.
- With only 1 loan on record, its own charge-off rate isn't statistically meaningful -- for context, Business & Professional Services brands overall see a 2.1% charge-off rate across 2,936 loans.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2021 | 1 | $123K |
FY2021 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where Locals Love Us Is Getting SBA-Financed
Recent SBA-Financed Locals Love Us Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is Locals Love Us growing or shrinking?
Locals Love Us doesn't have enough SBA loan activity in both FY2020 and FY2021 to calculate a reliable year-over-year trend. For context, it ranks #176 of 241 Business & Professional Services brands by total SBA loan count since FY2020 -- a snapshot of scale, if not of trend.
How much does it cost to open a Locals Love Us 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 $123K (51% below the typical Business & Professional Services brand's $250K) is a rough proxy, but SBA loans often cover only part of total investment.
What's the SBA loan default rate for Locals Love Us?
Locals Love Us only has 1 SBA loan on record -- too few to calculate a meaningful charge-off rate on its own. For context, Business & Professional Services brands overall see a 2.1% charge-off rate across 2,936 loans.
Top SBA Lenders
- The First National Bank in Sioux Falls1
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset