Snap-On
49
SBA Loans
$9.7M
Total Financed
$198K
Avg Loan Size
-50%
YoY Loan Growth
How Snap-On Compares
- Ranks #9 of 146 Other brands by SBA loan count (#215 of 3,543 overall).
- Its average loan of $198K is 35% below the Other median of $306K.
- Its 0.0% charge-off rate compares to a 2.1% average across all Other brands.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2020 | 7 | $818K |
| FY2021 | 6 | $1.7M |
| FY2022 | 14 | $3.8M |
| FY2023 | 7 | $1.2M |
| FY2024 | 6 | $1.1M |
| FY2025 | 3 | $550K |
| FY2026 | 6 | $538K |
FY2026 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where Snap-On Is Getting SBA-Financed
Recent SBA-Financed Snap-On Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is Snap-On growing or shrinking?
Snap-On'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 Snap-On 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 $198K (35% below the typical Other brand's $306K) is a rough proxy, but SBA loans often cover only part of total investment.
What's the SBA loan default rate for Snap-On?
0 of 49 SBA loans to Snap-On franchisees (0.0%) have been charged off since FY2020, compared to 2.1% across all Other brands.
Explore More
Top SBA Lenders
- The Huntington National Bank5
- Webster Bank National Association5
- BayFirst National Bank3
- Readycap Lending, LLC3
- The North Salem State Bank2
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset