Franchise financing
Hotworx franchise financing
What it costs to finance a Hotworx franchise and how buyers fund it. The real numbers: how much gets borrowed, which lenders fund it, and the track record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
- SBA loans
- 513
- Total funded
- $183.0M
- Median loan
- $350K
- 7(a) charge-off
- 0.4%
What financing a Hotworx franchise costs
The median SBA loan to a Hotworx franchisee is $350K, and the middle half of Hotworx's 513 loans run $287K to $472K (average $357K). Across all SBA-financed franchises the median loan is $350K. Hotworx buyers borrow about the same as the typical franchisee.
These are loan amounts, not the brand's total startup cost. Buyers also put in equity (the SBA generally wants at least 10% down on a new franchise), and the brand's own investment estimate is Item 7 of its franchise disclosure document (FDD). The median Hotworx loan runs 10 years. Model your numbers with the franchise financing calculator.
Of the 508 Hotworx loans where the SBA recorded a business age, 94.7% went to new businesses two years old or younger. The rest funded existing operations.
How to finance Hotworx
Hotworx franchisees have financed with 513 SBA loans since FY2010, averaging $357K each. The 7(a) program is the usual route: it covers the franchise fee, build-out, equipment, and working capital (513 of the 513 loans). Lenders weigh your credit, management experience, and the brand's track record alongside the equity you bring.
Hotworx's 7(a) charge-off rate is 0.4% across 513 loans, a relative track-record signal lenders and buyers weigh, not a guarantee. See how that compares across franchises.
Lenders that finance Hotworx
By SBA loan count
Where Hotworx gets funded
Top states by loan count
- 1. Texas 118
- 2. Florida 38
- 3. North Carolina 26
- 4. Georgia 31
- 5. California 27
- 6. Illinois 21
- 7. Colorado 20
- 8. Iowa 16
Financing a Hotworx?
Get matched with the SBA lenders that actually fund businesses like yours, ranked on real loan data by state, industry, and size. Independent: your details go only to the lenders we match you to, never to data brokers.
Hotworx SBA financing FAQ
How much does a Hotworx franchise cost?
The public SBA data shows what buyers actually borrow, not a sticker price: the median SBA loan to a Hotworx franchisee is $350K, and the middle half of Hotworx's 513 loans run $287K to $472K. Total investment (including the equity you put in, generally 10% or more) is estimated in Item 7 of Hotworx's franchise disclosure document.
Can you use an SBA loan for Hotworx?
Yes. Lenders have funded 513 SBA loans to Hotworx franchisees, worth $183.0M in all, so Hotworx is regularly financed with SBA 7(a) and 504 loans.
Can a first-time owner get an SBA loan for Hotworx?
The data says yes: of Hotworx's 508 SBA loans that record a business age, 94.7% went to new businesses two years old or younger. Expect the lender to look harder at your experience, business plan, and equity injection.
Which lenders finance Hotworx?
By loan count, the most active SBA lenders for Hotworx are Citizens Bank, The Huntington National Bank, First Bank of the Lake, among others. A lender already active with your brand often moves faster.
What is Hotworx's SBA charge-off rate?
Across Hotworx's 513 SBA 7(a) loans, 0.4% have charged off. Read it as a relative track-record signal, not a prediction. It is not a lifetime default rate.
Which SBA program fits Hotworx?
Mostly 7(a): 513 of Hotworx's 513 SBA loans. The 7(a) program covers the franchise fee, build-out, equipment, and working capital. The median Hotworx loan term is 10 years.