How much do lenders finance for a Gotcha Covered franchise?

The median SBA loan approved for a Gotcha Covered franchise is $150,000, with the middle 80% of loans between $60,000 and $150,000. 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 Gotcha Covered franchises?

By dollars approved, the most active SBA lenders for Gotcha Covered have been United Midwest Savings Bank, Wells Fargo Bank, SouthState Bank, The Huntington National Bank. 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 Gotcha Covered 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 Gotcha Covered franchise

SBA lenders have approved 50 loans against the Gotcha Covered brand since FY2010, totalling $6.9M. The median approval was $150,000. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#448

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$150,000

Typical range

$60K-$150K

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 Gotcha Covered

Lender	Loans	Approved
United Midwest Savings Bank	34	$4.8M
Wells Fargo Bank	2	$541K
SouthState Bank	1	$375K
The Huntington National Bank	4	$351K
Celtic Bank Corporation	2	$250K
Readycap Lending, LLC	2	$227K
Magnifi Financial CU	1	$150K
First Bank of the Lake	1	$116K

Geography

Where Gotcha Covered units were financed

State	Loans	Share
Florida	8
Texas	7
Georgia	4
Illinois	3
Minnesota	3
Indiana	3
Virginia	3
North Carolina	3

Approvals by fiscal year

’15

’17

’18

’19

’20

’21

’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
6%
$50K - $150K
32%
$150K - $350K
58%
$350K - $1M
4%

Financing a Gotcha Covered: common questions

How much do lenders finance for a Gotcha Covered franchise?: The median SBA loan approved for a Gotcha Covered franchise is $150,000, with the middle 80% of loans between $60,000 and $150,000. 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 Gotcha Covered franchises?: By dollars approved, the most active SBA lenders for Gotcha Covered have been United Midwest Savings Bank, Wells Fargo Bank, SouthState Bank, The Huntington National Bank. 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 Gotcha Covered 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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