How much do lenders finance for a Hello Garage franchise?

The median SBA loan approved for a Hello Garage franchise is $150,000, with the middle 80% of loans between $25,000 and $195,000. 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 Hello Garage franchises?

By dollars approved, the most active SBA lenders for Hello Garage have been The Huntington National Bank, United Midwest Savings Bank, First Bank of the Lake, The Fidelity 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 Hello Garage 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 Hello Garage franchise

SBA lenders have approved 21 loans against the Hello Garage brand since FY2010, totalling $2.6M. The median approval was $150,000. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#959

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$150,000

Typical range

$25K-$195K

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 Hello Garage

Lender	Loans	Approved
The Huntington National Bank	8	$889K
United Midwest Savings Bank	5	$750K
First Bank of the Lake	3	$354K
The Fidelity Bank	1	$300K
The Bancorp Bank	1	$151K
Newtek Small Business Finance, Inc.	2	$122K
U.S. Bank	1	$30K

Geography

Where Hello Garage units were financed

State	Loans	Share
Minnesota	3
Texas	2
Georgia	2
New York	2
Pennsylvania	2
Indiana	2
California	2
Arizona	1

Approvals by fiscal year

’21

’22

’23

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
24%
$50K - $150K
19%
$150K - $350K
57%

Financing a Hello Garage: common questions

How much do lenders finance for a Hello Garage franchise?: The median SBA loan approved for a Hello Garage franchise is $150,000, with the middle 80% of loans between $25,000 and $195,000. 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 Hello Garage franchises?: By dollars approved, the most active SBA lenders for Hello Garage have been The Huntington National Bank, United Midwest Savings Bank, First Bank of the Lake, The Fidelity 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 Hello Garage 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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