Up Closets
8
SBA Loans
$1.5M
Total Financed
$184K
Avg Loan Size
—
YoY Loan Growth
How Up Closets Compares
- Ranks #125 of 294 Home & Repair Services brands by SBA loan count (#1,085 of 3,543 overall).
- Its average loan of $184K is 4% above the Home & Repair Services median of $177K.
- With only 8 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 |
|---|---|---|
| FY2025 | 2 | $300K |
| FY2026 | 6 | $1.2M |
FY2026 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where Up Closets Is Getting SBA-Financed
Recent SBA-Financed Up Closets Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is Up Closets growing or shrinking?
Up Closets doesn't have enough SBA loan activity in both FY2025 and FY2026 to calculate a reliable year-over-year trend. For context, it ranks #125 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 Up Closets 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 $184K (4% 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 Up Closets?
Up Closets only has 8 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
- United Midwest Savings Bank National Association8
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset