Merit Professional Coatings
2
SBA Loans
$5.0M
Total Financed
$2.5M
Avg Loan Size
—
YoY Loan Growth
How Merit Professional Coatings Compares
- Ranks #209 of 294 Home & Repair Services brands by SBA loan count (#2,293 of 3,543 overall).
- Its average loan of $2.5M is 1312% above the Home & Repair Services median of $177K.
- With only 2 loans on record, its own charge-off rate isn't statistically meaningful -- for context, Home & Repair Services brands overall see a 2.9% charge-off rate across 4,629 loans.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2022 | 2 | $5.0M |
FY2022 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where Merit Professional Coatings Is Getting SBA-Financed
Recent SBA-Financed Merit Professional Coatings Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is Merit Professional Coatings growing or shrinking?
Merit Professional Coatings doesn't have enough SBA loan activity in both FY2021 and FY2022 to calculate a reliable year-over-year trend. For context, it ranks #209 of 294 Home & Repair 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 Merit Professional Coatings 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 $2.5M (1312% above the typical Home & Repair Services brand's $177K) is a rough proxy, but SBA loans often cover only part of total investment.
What's the SBA loan default rate for Merit Professional Coatings?
Merit Professional Coatings only has 2 SBA loans on record -- too few to calculate a meaningful charge-off rate on its own. For context, Home & Repair Services brands overall see a 2.9% charge-off rate across 4,629 loans.
Top SBA Lenders
- Live Oak Banking Company2
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset