Garra Spas, by the numbers

Every figure below comes from real financed deals — what buyers paid, where, and how the loans performed.

SBA Franchise Directory: listed ✓ (identifier S4923)

3 deals since 2020 · typical deal $170K

Deals since 2020

$170K

Typical deal

Deals since FY2025

—

Too few deals to score risk

Garra Spas has 3 SBA deals on record — real financing history, but too few to score a failure rate you should trust. Underwrite the location and the FDD.

What buyers pay for Garra Spas

Most Garra Spas deals financed between $30K and $197K. Above $197K, you're paying more than 75% of buyers did — make the seller earn it.

Your deal size$170K

Monthly payment (10-yr): $2,513
Down payment (10%): $19K
Cash to close (all-in): $25K

Estimates at today's rates and standard 7(a) terms. Not a loan offer.

Could you get the loan?

Three answers. No documents, no credit pull.

Credit score

Available cash (you'll need ~$25K)

Experience

Recent financings

Garra Fish Spas in Chattanooga, TN — $170K (2025) · Readycap Lending, LLC
Program
Preferred Lenders Program
Rate at approval
10.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$128K (75%)
Approved
3/20/2025
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
6
Business age
Startup, Loan Funds will Open Business
Industry
Other Personal Care Services
Funded by Readycap Lending, LLC · Lender record →
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DR IT INVESTMENTS LLC in Orlando, FL — $30K (2023) · PNC Bank, National Association
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
14.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$15K (50%)
Approval → funding
11 days
Approved
4/14/2023
First disbursed
4/25/2023
Loan status
Failed — $27K charged off (1/8/2026)
Loan type
Revolving line
Collateral
Not required
Business type
Corporation
Jobs supported
11
Business age
Existing or more than 2 years old
Industry
Other Personal Care Services
Funded by PNC Bank, National Association · Lender record →
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Garra Spa in Cocoa Beach, FL — $197K (2022) · Newtek Small Business Finance, Inc.
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
75 months
SBA guaranteed
$148K (75%)
Approval → funding
18 days
Approved
11/12/2021
First disbursed
11/30/2021
Loan status
In workout — SBA bought the guarantee
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
4
Business age
New Business or 2 years or less
Industry
Other Personal Care Services
Funded by Newtek Small Business Finance, Inc.
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Who funds Garra Spas — and where

Every dot is a financed Garra Spas — 3 mapped.

Financed Garra Spas locations — list all 3 as text

Garra Fish Spas — Chattanooga · $170K · FY2025 · Other Personal Care Services
DR IT INVESTMENTS LLC — Orlando · $30K · FY2023 · Other Personal Care Services
Garra Spa — Cocoa Beach · $197K · FY2022 · Other Personal Care Services

Top lenders for this brand

1.Readycap Lending, LLC(1)
2.PNC Bank, National Association(1)
3.Newtek Small Business Finance, Inc. (1)

Most active states

1.Florida (2 loans)
2.Tennessee (1 loans)

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Insider move

Start with the lenders above — a bank that's funded Garra Spas 1 times already knows the unit economics and approves faster than one learning the brand on your file.

Who should reach out?

By submitting, I agree that CapBench may share my contact information with SBA lending partners and loan brokers (including partners who compensate CapBench), and that they and CapBench may contact me about financing by phone, email, and text — including via autodialed or prerecorded calls and messages — at the phone number and email I provide. Consent is not a condition of any purchase or service, and message and data rates may apply. CapBench is not a lender and makes no credit decision. We'll introduce you to your pick or a comparable Garra Spas lending specialist.

Common questions

How much does a Garra Spas cost to buy or open?

The typical deal for Garra Spas is $170K across 3 transactions since 2020. With the SBA's 10% minimum down payment, that points to roughly $19K of buyer cash on a typical deal.

How risky is Garra Spas?

Garra Spas has 3 SBA loans on record since 2020 — too few to score a reliable failure rate. Judge the unit economics and the franchisor's disclosure document, not a small sample.

Can I finance a Garra Spas with an SBA loan?

Yes — Garra Spas has been SBA-financed 1 times since FY2025, which means it clears the SBA Franchise Directory requirement regularly. Confirm current listing before signing an LOI.

Buying a Garra Spas franchise

Most Garra Spas buyers finance the purchase or build-out with an SBA 7(a) loan — up to 90% of the cost with roughly 10% down. The typical Garra Spas deal financed for $170K, which points to about $19K of buyer cash on a typical purchase. Garra Spas is listed in the SBA Franchise Directory (identifier S4923), so it's eligible to finance today — confirm current listing with your lender before the LOI. See the lenders that already fund Garra Spas — a bank that knows the brand approves faster — or pre-qualify for financing to see your likely loan size first.

AI summary

This profile summarizes public SBA financing activity for Garra Spas — lender activity, typical loan sizes, financing history, and risk and failure signals where available — via CapBench SBA Intelligence. CapBench is not a lender.

Source: CapBench SBA Intelligence, based on public SBA, lender, franchise, FDIC, and related records. CapBench is not a lender and does not guarantee financing.

Agent summary

This page summarizes public SBA 7(a) financing for Garra Spas — typical deal size, the lenders that fund the brand, geography, and failure-rate context — from CapBench SBA Intelligence. Garra Spas is confirmed in the SBA Franchise Directory here; CapBench is not a lender and does not sell franchises.

3 SBA 7(a) deals since 2020
$170K typical deal
1 deals since FY2025
Too few deals to score a reliable failure rate
SBA Franchise Directory: listed (identifier S4923)
Top lenders: Readycap Lending, LLC, PNC Bank, National Association, Newtek Small Business Finance, Inc.

Next steps

Check SBA fit Find SBA lenders $9 lender report

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/franchises/garra-spas
API:: https://www.capbench.com/api/public/franchises/garra-spas
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical SBA loan records, not a current offer or franchise availability. Confirm SBA Franchise Directory listing with your lender before an LOI.

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CapBench analysis of public lending records, FY2020–present. Charge-off rate measured on the FY2020–23 cohort. Not affiliated with Garra Spas.