How much do lenders finance for a True Rest Spa franchise?

The median SBA loan approved for a True Rest Spa franchise is $404,400, with the middle 80% of loans between $51,500 and $610,000. 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 True Rest Spa franchises?

By dollars approved, the most active SBA lenders for True Rest Spa have been Fifth Third Bank, Citizens Bank, Capital Bank, The Bancorp 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 True Rest Spa 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 True Rest Spa franchise

SBA lenders have approved 12 loans against the True Rest Spa brand since FY2010, totalling $5.0M. The median approval was $404,400. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#1425

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$404,400

Typical range

$52K-$610K

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 True Rest Spa

Lender	Loans	Approved
Fifth Third Bank	1	$1.0M
Citizens Bank	2	$926K
Capital Bank	1	$610K
The Bancorp Bank	1	$542K
PNC Bank	1	$482K
The Huntington National Bank	3	$427K
Waterford Bank	1	$355K
Wells Fargo Bank	1	$301K

Geography

Where True Rest Spa units were financed

State	Loans	Share
Ohio	4
Virginia	2
Texas	1
Florida	1
Arizona	1
New Hampshire	1
Michigan	1
California	1

Approvals by fiscal year

’18

’19

’20

’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
8%
$50K - $150K
8%
$150K - $350K
17%
$350K - $1M
58%
$1M - $2M
8%

Financing a True Rest Spa: common questions

How much do lenders finance for a True Rest Spa franchise?: The median SBA loan approved for a True Rest Spa franchise is $404,400, with the middle 80% of loans between $51,500 and $610,000. 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 True Rest Spa franchises?: By dollars approved, the most active SBA lenders for True Rest Spa have been Fifth Third Bank, Citizens Bank, Capital Bank, The Bancorp 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 True Rest Spa 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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