Hello Garage
21
SBA Loans
$2.6M
Total Financed
$124K
Avg Loan Size
—
YoY Loan Growth
How Hello Garage Compares
- Ranks #63 of 294 Home & Repair Services brands by SBA loan count (#517 of 3,543 overall).
- Its average loan of $124K is 30% below the Home & Repair Services median of $177K.
- Its 4.8% charge-off rate compares to a 2.9% average across all Home & Repair Services brands.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2021 | 5 | $751K |
| FY2022 | 9 | $934K |
| FY2023 | 7 | $911K |
FY2023 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where Hello Garage Is Getting SBA-Financed
Recent SBA-Financed Hello Garage Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is Hello Garage growing or shrinking?
Hello Garage doesn't have enough SBA loan activity in both FY2022 and FY2023 to calculate a reliable year-over-year trend. For context, it ranks #63 of 294 Home & Repair Services brands by total SBA loan count since FY2020 -- a snapshot of scale, if not of trend.
How much does it cost to open a Hello Garage 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 $124K (30% below the typical Home & Repair Services brand's $177K) is a rough proxy, but SBA loans often cover only part of total investment.
What's the SBA loan default rate for Hello Garage?
1 of 21 SBA loans to Hello Garage franchisees (4.8%) have been charged off since FY2020, compared to 2.9% across all Home & Repair Services brands.
Top SBA Lenders
- The Huntington National Bank8
- United Midwest Savings Bank National Association5
- First Bank of the Lake3
- Newtek Small Business Finance, Inc.2
- The Bancorp Bank National Association1
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset