My Eye Lab
22
SBA Loans
$10.2M
Total Financed
$466K
Avg Loan Size
—
YoY Loan Growth
How My Eye Lab Compares
- Ranks #41 of 413 Retail brands by SBA loan count (#489 of 3,543 overall).
- Its average loan of $466K is 12% above the Retail median of $415K.
- Its 9.1% charge-off rate compares to a 1.1% average across all Retail brands.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2020 | 3 | $1.3M |
| FY2021 | 12 | $5.7M |
| FY2022 | 4 | $2.0M |
| FY2023 | 3 | $1.3M |
FY2023 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where My Eye Lab Is Getting SBA-Financed
Recent SBA-Financed My Eye Lab Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is My Eye Lab growing or shrinking?
My Eye Lab doesn't have enough SBA loan activity in both FY2022 and FY2023 to calculate a reliable year-over-year trend. For context, it ranks #41 of 413 Retail brands by total SBA loan count since FY2020 -- a snapshot of scale, if not of trend.
How much does it cost to open a My Eye Lab 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 $466K (12% above the typical Retail brand's $415K) is a rough proxy, but SBA loans often cover only part of total investment.
What's the SBA loan default rate for My Eye Lab?
2 of 22 SBA loans to My Eye Lab franchisees (9.1%) have been charged off since FY2020, compared to 1.1% across all Retail brands.
Explore More
Top SBA Lenders
- First Guaranty Bank6
- First Bank of the Lake3
- TowneBank2
- CRF Small Business Loan Company, LLC1
- Cogent Bank1
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset