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Gotcha Covered, 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 S0735)

38 deals since 2020 · typical deal $150K · 5.26% failure rate

38

Deals since 2020

$150K

Typical deal

9

Deals since FY2025

5.26%

Failure rate (FY20–23)

5.26% of Gotcha Covered's FY2020–23 deals failed — well above typical. Price that risk into your offer and your reserves.

What buyers pay for Gotcha Covered

Most Gotcha Covered deals financed between $115K and $150K. Above $150K, you're paying more than 75% of buyers did — make the seller earn it.

Monthly payment (10-yr)
$2,218
Down payment (10%)
$17K
Cash to close (all-in)
$21K

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 ~$21K)

Experience

Recent financings

  • Volk Window Treatments LLC dba Gotcha Covered North Twin Cities in Ramsey, MN — $200K (2026) · United Midwest Savings Bank National Association
  • Wilbur Holdings LLC in Evans, GA — $150K (2026) · United Midwest Savings Bank National Association
  • Grason Ventures, LLC in Maumee, OH — $150K (2026) · United Midwest Savings Bank National Association
  • Cornerstone Family Ventures LLC in Chesapeake, VA — $150K (2026) · United Midwest Savings Bank National Association
  • Royal View LLC in Chicago, IL — $150K (2025) · Magnifi Financial CU
  • McCormack Ventures, LLC dba Gotcha Covered of Braselton in Buford, GA — $150K (2025) · United Midwest Savings Bank National Association
  • SHANE ENTERPRISES LLC dba GOTCHACOVERED OF FORT WAYNE in Fort Wayne, IN — $150K (2025) · United Midwest Savings Bank National Association
  • Gotcha Covered Clark County in Vancouver, WA — $125K (2025) · Readycap Lending, LLC
  • Gotcha Covered of Clayton in Knightdale, NC — $116K (2025) · First Bank of the Lake
  • COVER CREATIONS, LLC. dba GOTCHA COVERED in Saint Augustine, FL — $150K (2024) · United Midwest Savings Bank National Association

Hover or tap a deal for terms: program, rate, SBA guarantee, days to fund.

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Gotcha Covered brand mark

Who funds Gotcha Covered — and where

Every dot is a financed Gotcha Covered — 38 mapped.

Financed Gotcha Covered locations — list all 38 as text

Top lenders for this brand

  1. 1.United Midwest Savings Bank National Association(28)
  2. 2.The Huntington National Bank(2)
  3. 3.Readycap Lending, LLC(2)
  4. 4.Magnifi Financial CU(1)
  5. 5.First Bank of the Lake(1)

Most active states

  1. 1.Florida (6 loans)
  2. 2.Texas (6 loans)
  3. 3.Georgia (4 loans)
  4. 4.North Carolina (3 loans)
  5. 5.Pennsylvania (2 loans)
  6. 6.Minnesota (2 loans)
  7. 7.Virginia (2 loans)
  8. 8.Tennessee (1 loans)

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Common questions

How much does a Gotcha Covered cost to buy or open?

The typical deal for Gotcha Covered is $150K across 38 transactions since 2020. With the SBA's 10% minimum down payment, that points to roughly $17K of buyer cash on a typical deal.

How risky is Gotcha Covered?

5.26% of Gotcha Covered's FY2020–23 deals failed and were written off. Under 1% is excellent; 1–3% is normal; above 3% deserves hard questions before the LOI.

Can I finance a Gotcha Covered with an SBA loan?

Yes — Gotcha Covered has been SBA-financed 9 times since FY2025, which means it clears the SBA Franchise Directory requirement regularly. Confirm current listing before signing an LOI.

Buying a Gotcha Covered franchise

Most Gotcha Covered 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 Gotcha Covered deal financed for $150K, which points to about $17K of buyer cash on a typical purchase. Gotcha Covered is listed in the SBA Franchise Directory (identifier S0735), so it's eligible to finance today — confirm current listing with your lender before the LOI. See the lenders that already fund Gotcha Covered — 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 Gotcha Covered — 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 Gotcha Covered — typical deal size, the lenders that fund the brand, geography, and failure-rate context — from CapBench SBA Intelligence. Gotcha Covered is confirmed in the SBA Franchise Directory here; CapBench is not a lender and does not sell franchises.

  • 38 SBA 7(a) deals since 2020
  • $150K typical deal
  • 9 deals since FY2025
  • 5.26% failure rate (FY20–23 cohort)
  • SBA Franchise Directory: listed (identifier S0735)
  • Top lenders: United Midwest Savings Bank National Association, The Huntington National Bank, Readycap Lending, LLC

Next steps

Check SBA fitFind 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/gotcha-covered
API:
https://www.capbench.com/api/public/franchises/gotcha-covered
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 Gotcha Covered.

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