Plato's Closet, 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 S1327)
48 deals since 2020 · typical deal $467K · 0% failure rate
48
Deals since 2020
$467K
Typical deal
7
Deals since FY2025
0%
Failure rate (FY20–23)
What buyers pay for Plato's Closet
Most Plato's Closet deals financed between $317K and $630K. Above $630K, you're paying more than 75% of buyers did — make the seller earn it.
- Monthly payment (10-yr)
- $6,100
- Down payment (10%)
- $52K
- Cash to close (all-in)
- $69K
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 ~$69K)
Experience
Recent financings
- Luck Enterprises, Inc. in Williston, VT — $1.8M (2026) · purchase · VelocitySBA, LLC
- Program
- Preferred Lenders Program
- Rate at approval
- 8.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.3M (75%)
- Approved
- 3/12/2026
- Loan status
- Committed
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 30
- Business age
- Change of Ownership
- Industry
- Used Merchandise Retailers
If you were the buyer here
- Est. deal size
- $2.0M
- Est. down payment (10%)
- $196K
- Est. cash at closing
- $270K
- Monthly payment
- $22,133
- Annual debt service
- $266K
- Cash flow needed (1.25×)
- $332K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by VelocitySBA, LLC · Lender record →
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- Hartley Retail Ventures LLC in Amarillo, TX — $285K (2026) · Western Bank
- Program
- 7a General
- Rate at approval
- 7.75% variable
- Term
- 72 mo (6 yrs)
- SBA guaranteed
- $214K (75%)
- Approval → funding
- 9 days
- Approved
- 2/18/2026
- First disbursed
- 2/27/2026
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 31
- Business age
- Existing or more than 2 years old
- Industry
- Clothing and Clothing Accessories Retailers
Funded by Western Bank · Lender record →
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- Resale Ingenuity LLC in Clarksville, TN — $1.3M (2025) · Regions Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 7.75% variable
- Term
- 96 mo (8 yrs)
- SBA guaranteed
- $985K (75%)
- Approval → funding
- 51 days
- Approved
- 6/30/2025
- First disbursed
- 8/20/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 34
- Business age
- Existing or more than 2 years old
- Industry
- Clothing and Clothing Accessories Retailers
Funded by Regions Bank · Lender record →
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- Plato's Closet Valdosta in Valdosta, GA — $659K (2025) · purchase · First Internet Bank of Indiana
- Program
- Preferred Lenders Program
- Rate at approval
- 10.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $494K (75%)
- Approval → funding
- 28 days
- Approved
- 5/20/2025
- First disbursed
- 6/17/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 8
- Business age
- Change of Ownership
- Industry
- Used Merchandise Retailers
If you were the buyer here
- Est. deal size
- $732K
- Est. down payment (10%)
- $73K
- Est. cash at closing
- $98K
- Monthly payment
- $8,800
- Annual debt service
- $106K
- Cash flow needed (1.25×)
- $132K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by First Internet Bank of Indiana · Lender record →
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- R&B ROMAN LLC in Spokane, WA — $475K (2025) · Numerica CU
- Program
- Preferred Lenders Program
- Rate at approval
- 8.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $356K (75%)
- Approval → funding
- 9 days
- Approved
- 5/19/2025
- First disbursed
- 5/28/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 8
- Business age
- New Business or 2 years or less
- Industry
- Used Merchandise Retailers
Funded by Numerica CU · Lender record →
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- My Mind Studios LLC in Saint Paul, MN — $467K (2025) · purchase · Old National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 7.8% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $350K (75%)
- Approval → funding
- 80 days
- Approved
- 5/13/2025
- First disbursed
- 8/1/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 1
- Business age
- Change of Ownership
- Industry
- Used Merchandise Retailers
If you were the buyer here
- Est. deal size
- $518K
- Est. down payment (10%)
- $52K
- Est. cash at closing
- $69K
- Monthly payment
- $5,611
- Annual debt service
- $67K
- Cash flow needed (1.25×)
- $84K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Old National Bank · Lender record →
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- Casper Closet, LLC in Casper, WY — $152K (2025) · Wyoming Capital Access
- Program
- 7a General
- Rate at approval
- 11.5% fixed
- Term
- 66 months
- SBA guaranteed
- $114K (75%)
- Approved
- 10/29/2024
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 31
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Used Merchandise Retailers
Funded by Wyoming Capital Access
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- My Platos Kennesaw, LLC in Kennesaw, GA — $625K (2024) · River City Bank
- Program
- 7a General
- Rate at approval
- 11.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $469K (75%)
- Approval → funding
- 49 days
- Approved
- 12/15/2023
- First disbursed
- 2/2/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 16
- Business age
- Existing or more than 2 years old
- Industry
- Clothing and Clothing Accessories Retailers
Funded by River City Bank · Lender record →
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- Plato's Closet in Chapel Hill, NC — $500K (2024) · First Bank of the Lake
- Program
- Preferred Lenders Program
- Rate at approval
- 11% variable
- Term
- 126 months
- SBA guaranteed
- $375K (75%)
- Approval → funding
- 10 days
- Approved
- 9/23/2024
- First disbursed
- 10/3/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 4
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Clothing and Clothing Accessories Retailers
Funded by First Bank of the Lake · Lender record →
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- BRADFORD CONSULTING, L.L.C. in Grand Rapids, MI — $430K (2024) · PNC Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 8.18% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $323K (75%)
- Approval → funding
- 12 days
- Approved
- 11/22/2023
- First disbursed
- 12/4/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 12
- Business age
- Existing or more than 2 years old
- Industry
- Used Merchandise Retailers
Funded by PNC Bank, National Association · Lender record →
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Who funds Plato's Closet — and where
Every dot is a financed Plato's Closet — 48 mapped.
Financed Plato's Closet locations — list all 48 as text
- E & C Alley LLC — Johnson City · $630K · FY2021 · Family Clothing Stores
- CRJ PC SAN MARCOS — San Marcos · $418K · FY2021 · Used Merchandise Stores
- Green Dragonfly LLC — Greensboro · $298K · FY2021 · Family Clothing Stores
- Alynn Enterprises Inc. — Lees Summit · $370K · FY2021 · Other Clothing Stores
- CNK Endeavors Incorporated — Bristol · $722K · FY2023 · Used Merchandise Retailers
- Gleeson Ventures LLC — Monroeville · $345K · FY2023 · Used Merchandise Retailers
- The Landing Management Group, Inc. — Newark · $445K · FY2023 · Used Merchandise Retailers
- YNWA LLC DBA Plato's Closet — Orlando · $603K · FY2023 · Clothing and Clothing Accessories Retailers
- Scarlet & Grey, Incorporated — Escondido · $775K · FY2023 · Used Merchandise Retailers
- Scarlet & Grey, Incorporated — Escondido · $775K · FY2023 · Used Merchandise Retailers
- TJC22 LLC — Commack · $500K · FY2023 · Clothing and Clothing Accessories Retailers
- I and I Enterprises, Inc. — Lima · $998K · FY2023 · Clothing and Clothing Accessories Retailers
- May Resell Company, LLC — Conway · $504K · FY2023 · Used Merchandise Stores
- Resale Ingenuity LLC — Clarksville · $1.3M · FY2025 · Clothing and Clothing Accessories Retailers
- Hartley Retail Ventures LLC — Amarillo · $285K · FY2026 · Clothing and Clothing Accessories Retailers
- Luck Enterprises, Inc. — Williston · $1.8M · FY2026 · Used Merchandise Retailers
- My Mind Studios LLC — Saint Paul · $467K · FY2025 · Used Merchandise Retailers
- R&B ROMAN LLC — Spokane · $475K · FY2025 · Used Merchandise Retailers
- Plato's Closet Valdosta — Valdosta · $659K · FY2025 · Used Merchandise Retailers
- CRAN PC SPARTANBURG LLC — Simpsonville · $750K · FY2020 · Other Clothing Stores
- JTAC Properties NKC LLC — Kansas City · $77K · FY2020 · Family Clothing Stores
- Highland Ventures LLC — Highland · $148K · FY2021 · Lessors of Nonresidential Buildings (except Miniwarehouses)
- Plamondon Investments LLC — Traverse City · $514K · FY2022 · Full-Service Restaurants
- KCE, LLC — Omaha · $721K · FY2022 · Used Merchandise Retailers
- Michael Dean Incorporated — Huntersville · $500K · FY2022 · Used Merchandise Retailers
- Dynamic Exchange, LLC — Libertyville · $330K · FY2022 · Other Clothing Stores
- Candace's Collections LLC — Denton · $610K · FY2022 · Clothing and Clothing Accessories Retailers
- Petra Star Inc. — Dallas · $571K · FY2022 · Clothing and Clothing Accessories Retailers
- Petra Star Inc. — Dallas · $50K · FY2022 · Clothing and Clothing Accessories Retailers
- Plato's Closet Warwick — Warwick · $250K · FY2024 · Used Merchandise Retailers
- Plato's Closet — Chapel Hill · $500K · FY2024 · Clothing and Clothing Accessories Retailers
- Casper Closet, LLC — Casper · $152K · FY2025 · Used Merchandise Retailers
- MJ and Pops LLC — Columbia · $317K · FY2023 · Used Merchandise Retailers
- MJ and Pops LLC — Columbia · $30K · FY2023 · Used Merchandise Retailers
- BRADFORD CONSULTING, L.L.C. — Grand Rapids · $430K · FY2024 · Used Merchandise Retailers
- My Platos Kennesaw, LLC — Kennesaw · $625K · FY2024 · Clothing and Clothing Accessories Retailers
- Plato's Closet — Columbia · $500K · FY2023 · Clothing and Clothing Accessories Retailers
- Specht Enterprises LLC — Plano · $707K · FY2023 · Clothing and Clothing Accessories Retailers
- JAZ AND JAG LLC — Roanoke · $2.4M · FY2023 · Clothing and Clothing Accessories Retailers
- Trendy Threads LLC — Glendale · $440K · FY2020 · Family Clothing Stores
- E & M Curran, Inc. — Palm Beach Gardens · $168K · FY2020 · Clothing Accessories Stores
- Rocket Scientry, LLC — Columbia · $75K · FY2020 · Clothing Accessories Stores
- HBM Fashion LLC — Orem · $150K · FY2022 · Other Clothing Stores
- HBM Fashion LLC — Orem · $450K · FY2022 · Other Clothing Stores
- Greens Second Uses LLC — Beaumont · $347K · FY2022 · Used Merchandise Stores
- DBD Together Inc — Athens · $372K · FY2021 · Used Merchandise Stores
- RestyleNV, LLC — Carson City · $25K · FY2021 · Used Merchandise Stores
- RestyleNV, LLC — Carson City · $348K · FY2021 · Used Merchandise Stores
Top lenders for this brand
Most active states
- 1.Texas (7 loans)
- 2.South Carolina (4 loans)
- 3.North Carolina (3 loans)
- 4.Missouri (3 loans)
- 5.Georgia (3 loans)
- 6.Tennessee (2 loans)
- 7.Virginia (2 loans)
- 8.Florida (2 loans)
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Common questions
How much does a Plato's Closet cost to buy or open?
The typical deal for Plato's Closet is $467K across 48 transactions since 2020. With the SBA's 10% minimum down payment, that points to roughly $51K of buyer cash on a typical deal.
How risky is Plato's Closet?
0% of Plato's Closet'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 Plato's Closet with an SBA loan?
Yes — Plato's Closet has been SBA-financed 7 times since FY2025, which means it clears the SBA Franchise Directory requirement regularly. Confirm current listing before signing an LOI.
Buying a Plato's Closet franchise
Most Plato's Closet 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 Plato's Closet deal financed for $467K, which points to about $51K of buyer cash on a typical purchase. Plato's Closet is listed in the SBA Franchise Directory (identifier S1327), so it's eligible to finance today — confirm current listing with your lender before the LOI. See the lenders that already fund Plato's Closet — 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 Plato's Closet — 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 Plato's Closet — typical deal size, the lenders that fund the brand, geography, and failure-rate context — from CapBench SBA Intelligence. Plato's Closet is confirmed in the SBA Franchise Directory here; CapBench is not a lender and does not sell franchises.
- 48 SBA 7(a) deals since 2020
- $467K typical deal
- 7 deals since FY2025
- 0% failure rate (FY20–23 cohort)
- SBA Franchise Directory: listed (identifier S1327)
- Top lenders: The Huntington National Bank, Pinnacle Bank, Live Oak Banking Company
- 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.
- 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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Represent Plato's Closet?
Claim this brand page to keep the numbers in context, add your story, and hear about qualified buyers early.
CapBench analysis of public lending records, FY2020–present. Charge-off rate measured on the FY2020–23 cohort. Not affiliated with Plato's Closet.