Franchise financing
Mr. Appliance franchise financing
What it costs to finance a Mr. Appliance 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
- 139
- Total funded
- $26.1M
- Median loan
- $150K
- 7(a) charge-off
- 18.0%
What financing a Mr. Appliance franchise costs
The median SBA loan to a Mr. Appliance franchisee is $150K, and the middle half of Mr. Appliance's 139 loans run $150K to $150K (average $188K). Across all SBA-financed franchises the median loan is $350K. Mr. Appliance buyers borrow less than 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 Mr. Appliance loan runs 10 years. Model your numbers with the franchise financing calculator.
Of the 132 Mr. Appliance loans where the SBA recorded a business age, 81.8% went to new businesses two years old or younger. The rest funded existing operations.
How to finance Mr. Appliance
Mr. Appliance franchisees have financed with 139 SBA loans since FY2010, averaging $188K each. The 7(a) program is the usual route: it covers the franchise fee, build-out, equipment, and working capital (139 of the 139 loans). Lenders weigh your credit, management experience, and the brand's track record alongside the equity you bring.
Mr. Appliance's 7(a) charge-off rate is 18.0% across 139 loans, a relative track-record signal lenders and buyers weigh, not a guarantee. See how that compares across franchises.
Lenders that finance Mr. Appliance
By SBA loan count
Where Mr. Appliance gets funded
Top states by loan count
- 1. Florida 11
- 2. Texas 17
- 3. Pennsylvania 7
- 4. Indiana 6
- 5. Ohio 3
- 6. Virginia 6
- 7. Arizona 4
- 8. Illinois 7
Financing a Mr. Appliance?
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.
Mr. Appliance SBA financing FAQ
How much does a Mr. Appliance franchise cost?
The public SBA data shows what buyers actually borrow, not a sticker price: the median SBA loan to a Mr. Appliance franchisee is $150K, and the middle half of Mr. Appliance's 139 loans run $150K to $150K. Total investment (including the equity you put in, generally 10% or more) is estimated in Item 7 of Mr. Appliance's franchise disclosure document.
Can you use an SBA loan for Mr. Appliance?
Yes. Lenders have funded 139 SBA loans to Mr. Appliance franchisees, worth $26.1M in all, so Mr. Appliance is regularly financed with SBA 7(a) and 504 loans.
Can a first-time owner get an SBA loan for Mr. Appliance?
The data says yes: of Mr. Appliance's 132 SBA loans that record a business age, 81.8% 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 Mr. Appliance?
By loan count, the most active SBA lenders for Mr. Appliance are United Midwest Savings Bank National Association, Byline Bank, Pathward National Association, among others. A lender already active with your brand often moves faster.
What is Mr. Appliance's SBA charge-off rate?
Across Mr. Appliance's 139 SBA 7(a) loans, 18.0% 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 Mr. Appliance?
Mostly 7(a): 139 of Mr. Appliance's 139 SBA loans. The 7(a) program covers the franchise fee, build-out, equipment, and working capital. The median Mr. Appliance loan term is 10 years.