Plato's Closet

RetailSBA loans FY2020–FY2026

SBA Loans

$25.9M

Total Financed

$508K

Avg Loan Size

—

YoY Loan Growth

How Plato's Closet Compares

Ranks #18 of 413 Retail brands by SBA loan count (#206 of 3,543 overall).
Its average loan of $508K is 23% above the Retail median of $415K.
Its 0.0% 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	5	$1.5M
FY2021	8	$2.6M
FY2022	10	$4.2M
FY2023	14	$9.6M
FY2024	4	$1.8M
FY2025	5	$3.1M
FY2026	5	$3.1M

FY2026 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.

Where Plato's Closet Is Getting SBA-Financed

Texas7 loans · $3.0M North Carolina5 loans · $1.7M South Carolina4 loans · $1.6M Florida3 loans · $1.4M Missouri3 loans · $522K Georgia3 loans · $1.7M Tennessee2 loans · $1.9M Nevada2 loans · $373K Utah2 loans · $600K Michigan2 loans · $944K Virginia2 loans · $3.1M California2 loans · $1.6M New York2 loans · $1.5M Arizona1 loan · $440K Indiana1 loan · $148K

Recent SBA-Financed Plato's Closet Locations

Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.

Thrift of Palm Beaches Limited Liability CompanyWest Palm Beach, FL

$620,0002026-06-23

Fifth Chapter LLCGARNER, NC

$370,0002026-06-03

Fifth Chapter LLCGARNER, NC

$75,0002026-06-03

Luck Enterprises, Inc.Williston, VT

$1,766,0002026-03-12

Hartley Retail Ventures LLCAmarillo, TX

$285,0002026-02-18

Resale Ingenuity LLCCLARKSVILLE, TN

$1,313,2002025-06-30

Plato's Closet ValdostaVALDOSTA, GA

$659,0002025-05-20

R&B ROMAN LLCSPOKANE, WA

$475,0002025-05-19

My Mind Studios LLCSAINT PAUL, MN

$466,5002025-05-13

Casper Closet, LLCCasper, WY

$152,0002024-10-29

Plato's ClosetCHAPEL HILL, NC

$500,0002024-09-23

Plato's Closet WarwickWarwick, RI

$250,0002024-02-15

My Platos Kennesaw, LLCKennesaw, GA

$625,0002023-12-15

BRADFORD CONSULTING, L.L.C.GRAND RAPIDS, MI

$430,0002023-11-22

MJ and Pops LLCColumbia, SC

$30,0002023-09-06

MJ and Pops LLCColumbia, SC

$317,0002023-09-06

JAZ AND JAG LLCROANOKE, VA

$2,364,0002023-04-25

Specht Enterprises LLCPLANO, TX

$706,6002023-04-18

Plato's ClosetCOLUMBIA, SC

$500,0002023-03-22

May Resell Company, LLCCONWAY, AR

$504,0002023-03-07

I and I Enterprises, Inc.Lima, NY

$998,0002023-02-28

TJC22 LLCCOMMACK, NY

$500,0002023-02-17

Scarlet & Grey, IncorporatedESCONDIDO, CA

$775,0002023-02-02

Scarlet & Grey, IncorporatedESCONDIDO, CA

$775,0002023-01-25

YNWA LLC DBA Plato's ClosetORLANDO, FL

$603,0002023-01-13

Frequently Asked Questions

Is Plato's Closet growing or shrinking?

Plato's Closet doesn't have enough SBA loan activity in both FY2025 and FY2026 to calculate a reliable year-over-year trend. For context, it ranks #18 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 Plato's Closet 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 $508K (23% 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 Plato's Closet?

0 of 51 SBA loans to Plato's Closet franchisees (0.0%) have been charged off since FY2020, compared to 1.1% across all Retail brands.

Explore More

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Top SBA Lenders

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Pinnacle Bank5
Live Oak Banking Company3
U.S. Bank, National Association2
iTHINK Financial Credit Union2

Planning to finance a retail purchase?

Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.

Source: SBA 7(a) FOIA loan dataset. View dataset