The Covery
3
SBA Loans
$2.3M
Total Financed
$777K
Avg Loan Size
—
YoY Loan Growth
How The Covery Compares
- Ranks #112 of 170 Health, Senior & Child Care brands by SBA loan count (#1,902 of 3,543 overall).
- Its average loan of $777K is 133% above the Health, Senior & Child Care median of $333K.
- With only 3 loans on record, its own charge-off rate isn't statistically meaningful -- for context, Health, Senior & Child Care brands overall see a 1.1% charge-off rate across 3,806 loans.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2023 | 2 | $1.9M |
| FY2024 | 1 | $469K |
FY2024 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where The Covery Is Getting SBA-Financed
Recent SBA-Financed The Covery Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is The Covery growing or shrinking?
The Covery doesn't have enough SBA loan activity in both FY2023 and FY2024 to calculate a reliable year-over-year trend. For context, it ranks #112 of 170 Health, Senior & Child Care brands by total SBA loan count since FY2020 -- a snapshot of scale, if not of trend.
How much does it cost to open a The Covery 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 $777K (133% above the typical Health, Senior & Child Care brand's $333K) is a rough proxy, but SBA loans often cover only part of total investment.
What's the SBA loan default rate for The Covery?
The Covery only has 3 SBA loans on record -- too few to calculate a meaningful charge-off rate on its own. For context, Health, Senior & Child Care brands overall see a 1.1% charge-off rate across 3,806 loans.
Top SBA Lenders
- Newtek Bank, National Association1
- BayFirst National Bank1
- Eastern 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