Gotcha Covered
38
SBA Loans
$5.3M
Total Financed
$140K
Avg Loan Size
-50%
YoY Loan Growth
How Gotcha Covered Compares
- Ranks #27 of 413 Retail brands by SBA loan count (#300 of 3,543 overall).
- Its average loan of $140K is 66% below the Retail median of $415K.
- Its 2.6% charge-off rate compares to a 1.1% average across all Retail brands.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2020 | 5 | $679K |
| FY2021 | 8 | $988K |
| FY2023 | 6 | $847K |
| FY2024 | 10 | $1.5M |
| FY2025 | 5 | $691K |
| FY2026 | 4 | $650K |
FY2026 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where Gotcha Covered Is Getting SBA-Financed
Recent SBA-Financed Gotcha Covered Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is Gotcha Covered growing or shrinking?
Gotcha Covered's SBA loan count fell 50% year-over-year. A decline in SBA financing doesn't necessarily mean the brand is shrinking -- franchisees may be using other financing, or SBA lending patterns may have shifted broadly.
How much does it cost to open a Gotcha Covered franchise?
We don't have that figure -- investment ranges and fees come from a franchisor's Franchise Disclosure Document (FDD), which this site doesn't parse (see methodology). The average SBA loan size of $140K (66% below the typical Retail brand's $415K) is a rough proxy, but SBA loans often cover only part of total investment.
What's the SBA loan default rate for Gotcha Covered?
1 of 38 SBA loans to Gotcha Covered franchisees (2.6%) have been charged off since FY2020, compared to 1.1% across all Retail brands.
Explore More
Top SBA Lenders
- United Midwest Savings Bank National Association28
- The Huntington National Bank2
- Readycap Lending, LLC2
- U.S. Bank, National Association1
- PeopleFund1
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset