Franchise financing
PLATO'S CLOSET franchise financing
What it costs to finance a PLATO'S CLOSET 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
- 170
- Total funded
- $55.3M
- Median loan
- $234K
- 7(a) charge-off
- 0.6%
What financing a PLATO'S CLOSET franchise costs
The median SBA loan to a PLATO'S CLOSET franchisee is $234K, and the middle half of PLATO'S CLOSET's 170 loans run $134K to $414K (average $325K). Across all SBA-financed franchises the median loan is $350K. PLATO'S CLOSET 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 PLATO'S CLOSET loan runs 10 years. Model your numbers with the franchise financing calculator.
Of the 166 PLATO'S CLOSET loans where the SBA recorded a business age, 54.8% went to new businesses two years old or younger. The rest funded existing operations.
How to finance PLATO'S CLOSET
PLATO'S CLOSET franchisees have financed with 170 SBA loans since FY2010, averaging $325K each. The 7(a) program is the usual route: it covers the franchise fee, build-out, equipment, and working capital (159 of the 170 loans). Lenders weigh your credit, management experience, and the brand's track record alongside the equity you bring.
PLATO'S CLOSET's 7(a) charge-off rate is 0.6% across 159 loans, a relative track-record signal lenders and buyers weigh, not a guarantee. See how that compares across franchises.
Lenders that finance PLATO'S CLOSET
By SBA loan count
Where PLATO'S CLOSET gets funded
Top states by loan count
- 1. Texas 14
- 2. New York 10
- 3. Virginia 8
- 4. Georgia 12
- 5. California 9
- 6. Florida 7
- 7. South Carolina 9
- 8. Tennessee 6
Financing a PLATO'S CLOSET?
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.
PLATO'S CLOSET SBA financing FAQ
How much does a PLATO'S CLOSET franchise cost?
The public SBA data shows what buyers actually borrow, not a sticker price: the median SBA loan to a PLATO'S CLOSET franchisee is $234K, and the middle half of PLATO'S CLOSET's 170 loans run $134K to $414K. Total investment (including the equity you put in, generally 10% or more) is estimated in Item 7 of PLATO'S CLOSET's franchise disclosure document.
Can you use an SBA loan for PLATO'S CLOSET?
Yes. Lenders have funded 170 SBA loans to PLATO'S CLOSET franchisees, worth $55.3M in all, so PLATO'S CLOSET is regularly financed with SBA 7(a) and 504 loans.
Can a first-time owner get an SBA loan for PLATO'S CLOSET?
The data says yes: of PLATO'S CLOSET's 166 SBA loans that record a business age, 54.8% 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 PLATO'S CLOSET?
By loan count, the most active SBA lenders for PLATO'S CLOSET are Pinnacle Bank, Citizens Bank, National Association, Simmons Bank, among others. A lender already active with your brand often moves faster.
What is PLATO'S CLOSET's SBA charge-off rate?
Across PLATO'S CLOSET's 159 SBA 7(a) loans, 0.6% 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 PLATO'S CLOSET?
Mostly 7(a): 159 of PLATO'S CLOSET's 170 SBA loans. The 7(a) program covers the franchise fee, build-out, equipment, and working capital. The median PLATO'S CLOSET loan term is 10 years.