True Rest Spa
7
SBA Loans
$3.5M
Total Financed
$498K
Avg Loan Size
—
YoY Loan Growth
How True Rest Spa Compares
- Ranks #73 of 156 Personal Care & Beauty brands by SBA loan count (#1,123 of 3,543 overall).
- Its average loan of $498K is 36% above the Personal Care & Beauty median of $366K.
- With only 7 loans on record, its own charge-off rate isn't statistically meaningful -- for context, Personal Care & Beauty brands overall see a 1.5% charge-off rate across 2,290 loans.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2020 | 1 | $1.0M |
| FY2021 | 2 | $1.0M |
| FY2022 | 2 | $1.1M |
| FY2023 | 2 | $375K |
FY2023 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where True Rest Spa Is Getting SBA-Financed
Recent SBA-Financed True Rest Spa Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is True Rest Spa growing or shrinking?
True Rest Spa doesn't have enough SBA loan activity in both FY2022 and FY2023 to calculate a reliable year-over-year trend. For context, it ranks #73 of 156 Personal Care & Beauty brands by total SBA loan count since FY2020 -- a snapshot of scale, if not of trend.
How much does it cost to open a True Rest Spa 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 $498K (36% above the typical Personal Care & Beauty brand's $366K) is a rough proxy, but SBA loans often cover only part of total investment.
What's the SBA loan default rate for True Rest Spa?
True Rest Spa only has 7 SBA loans on record -- too few to calculate a meaningful charge-off rate on its own. For context, Personal Care & Beauty brands overall see a 1.5% charge-off rate across 2,290 loans.
Top SBA Lenders
- Citizens Bank2
- The Huntington National Bank2
- Fifth Third Bank1
- The Bancorp Bank National Association1
- Capital Bank, National Association1
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset