How much do lenders finance for a Garage Force franchise?

The median SBA loan approved for a Garage Force franchise is $150,000, with the middle 80% of loans between $100,000 and $248,800. That is the financed portion only - it excludes the buyer's equity injection, which SBA lenders typically require at 10% or more of total project cost for a business acquisition or new franchise unit.

Which lenders finance Garage Force franchises?

By dollars approved, the most active SBA lenders for Garage Force have been United Midwest Savings Bank, First Bank of the Lake, The Huntington National Bank, Readycap Lending, LLC. Many franchise brands also maintain their own lists of preferred lenders, which may differ from who has historically approved the most volume.

How long are Garage Force SBA loans?

The median term is 10 yr. SBA 7(a) terms run up to 10 years for working capital and equipment, and up to 25 years when the loan is secured by real estate - so a longer median usually means the loans included property.

Franchise financing

Financing a Garage Force franchise

SBA lenders have approved 39 loans against the Garage Force brand since FY2010, totalling $6.1M. The median approval was $150,000. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#586

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$150,000

Typical range

$100K-$249K

Middle 80% of loans

Median term

10 yr

Charge-off rate

Cohort too small

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Who financed Garage Force

Lender	Loans	Approved
United Midwest Savings Bank	20	$3.0M
First Bank of the Lake	4	$1.1M
The Huntington National Bank	3	$412K
Readycap Lending, LLC	2	$380K
CDC Small Business Finance Corp.	1	$270K
Coastal Area District Development Authority, Inc.	1	$226K
Genesee Regional Bank	2	$200K
CenTrust Bank, A Division of SmartBiz Bank	1	$150K

Geography

Where Garage Force units were financed

State	Loans	Share
Illinois	7
California	4
Virginia	3
Texas	3
Michigan	2
New Jersey	2
Kentucky	2
New York	2

Approvals by fiscal year

’20

’21

’22

’23

’24

’25

’26

Loan count by fiscal year - a rough proxy for how fast the brand was opening units. Final bar is a partial year.

Loan sizes

Under $50K
5%
$50K - $150K
21%
$150K - $350K
74%

Financing a Garage Force: common questions

How much do lenders finance for a Garage Force franchise?: The median SBA loan approved for a Garage Force franchise is $150,000, with the middle 80% of loans between $100,000 and $248,800. That is the financed portion only - it excludes the buyer's equity injection, which SBA lenders typically require at 10% or more of total project cost for a business acquisition or new franchise unit.
Which lenders finance Garage Force franchises?: By dollars approved, the most active SBA lenders for Garage Force have been United Midwest Savings Bank, First Bank of the Lake, The Huntington National Bank, Readycap Lending, LLC. Many franchise brands also maintain their own lists of preferred lenders, which may differ from who has historically approved the most volume.
How long are Garage Force SBA loans?: The median term is 10 yr. SBA 7(a) terms run up to 10 years for working capital and equipment, and up to 25 years when the loan is secured by real estate - so a longer median usually means the loans included property.

Compare other brands

Median loan size and charge-off rate across every franchise in the SBA record.

How SBA 7(a) works

The programme most franchise buyers use, explained end to end.

Buying a franchise with an SBA loan

Equity injection, the franchise directory, and what lenders check.

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