Franchise financing
Waxing the City franchise financing
What it costs to finance a Waxing the City 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
- 123
- Total funded
- $41.2M
- Median loan
- $313K
- 7(a) charge-off
- 6.5%
What financing a Waxing the City franchise costs
The median SBA loan to a Waxing the City franchisee is $313K, and the middle half of Waxing the City's 123 loans run $208K to $483K (average $335K). Across all SBA-financed franchises the median loan is $350K. Waxing the City 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 Waxing the City loan runs 10 years. Model your numbers with the franchise financing calculator.
Of the 122 Waxing the City loans where the SBA recorded a business age, 91.0% went to new businesses two years old or younger. The rest funded existing operations.
How to finance Waxing the City
Waxing the City franchisees have financed with 123 SBA loans since FY2010, averaging $335K each. The 7(a) program is the usual route: it covers the franchise fee, build-out, equipment, and working capital (123 of the 123 loans). Lenders weigh your credit, management experience, and the brand's track record alongside the equity you bring.
Waxing the City's 7(a) charge-off rate is 6.5% across 123 loans, a relative track-record signal lenders and buyers weigh, not a guarantee. See how that compares across franchises.
Lenders that finance Waxing the City
By SBA loan count
Where Waxing the City gets funded
Top states by loan count
- 1. Texas 16
- 2. Washington 10
- 3. California 7
- 4. Georgia 9
- 5. New Jersey 7
- 6. Massachusetts 5
- 7. Florida 5
- 8. North Dakota 3
Financing a Waxing the City?
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.
Waxing the City SBA financing FAQ
How much does a Waxing the City franchise cost?
The public SBA data shows what buyers actually borrow, not a sticker price: the median SBA loan to a Waxing the City franchisee is $313K, and the middle half of Waxing the City's 123 loans run $208K to $483K. Total investment (including the equity you put in, generally 10% or more) is estimated in Item 7 of Waxing the City's franchise disclosure document.
Can you use an SBA loan for Waxing the City?
Yes. Lenders have funded 123 SBA loans to Waxing the City franchisees, worth $41.2M in all, so Waxing the City is regularly financed with SBA 7(a) and 504 loans.
Can a first-time owner get an SBA loan for Waxing the City?
The data says yes: of Waxing the City's 122 SBA loans that record a business age, 91.0% 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 Waxing the City?
By loan count, the most active SBA lenders for Waxing the City are Platinum Bank, Wells Fargo Bank National Association, The Huntington National Bank, among others. A lender already active with your brand often moves faster.
What is Waxing the City's SBA charge-off rate?
Across Waxing the City's 123 SBA 7(a) loans, 6.5% 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 Waxing the City?
Mostly 7(a): 123 of Waxing the City's 123 SBA loans. The 7(a) program covers the franchise fee, build-out, equipment, and working capital. The median Waxing the City loan term is 10 years.