How much do lenders finance for a Shred415 franchise?

The median SBA loan approved for a Shred415 franchise is $562,900, with the middle 80% of loans between $50,000 and $838,000. 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 Shred415 franchises?

By dollars approved, the most active SBA lenders for Shred415 have been Ameris Bank, Stearns Bank, JPMorgan Chase 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 Shred415 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 Shred415 franchise

SBA lenders have approved 15 loans against the Shred415 brand since FY2010, totalling $7.7M. The median approval was $562,900. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#1216

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$562,900

Typical range

$50K-$838K

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 Shred415

Lender	Loans	Approved
Ameris Bank	3	$1.9M
Stearns Bank	2	$1.1M
JPMorgan Chase Bank	2	$931K
The Huntington National Bank	2	$867K
Midland States Bank	1	$838K
Old National Bank	2	$797K
Fifth Third Bank	2	$688K
Florida Capital Bank	1	$517K

Geography

Where Shred415 units were financed

State	Loans	Share
Colorado	5
Georgia	3
North Carolina	2
Ohio	2
California	1
South Carolina	1
Michigan	1

Approvals by fiscal year

’18

’19

’20

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

Loan sizes

$50K - $150K
20%
$150K - $350K
7%
$350K - $1M
73%

Financing a Shred415: common questions

How much do lenders finance for a Shred415 franchise?: The median SBA loan approved for a Shred415 franchise is $562,900, with the middle 80% of loans between $50,000 and $838,000. 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 Shred415 franchises?: By dollars approved, the most active SBA lenders for Shred415 have been Ameris Bank, Stearns Bank, JPMorgan Chase 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 Shred415 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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