Shred415, by the numbers
Shred415 appears in 4 SBA 7(a) loans since 2020 — from public SBA 7(a) loan records (FY2020–present). Every figure below comes from real financed deals: what buyers paid, where, and how the loans performed.
SBA Franchise Directory: listed ✓ (identifier S2414)
4 deals since 2020 · typical deal $563K
4
Deals since 2020
$563K
Typical deal
0
Deals since FY2025
—
Too few deals to score risk
What buyers pay for Shred415
Most Shred415 deals financed between $125K and $817K. Above $817K, you're paying more than 75% of buyers did — make the seller earn it.
- Monthly payment (10-yr)
- $7,361
- Down payment (10%)
- $63K
- Cash to close (all-in)
- $84K
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 ~$84K)
Experience
Recent financings
- Eno-Idem Enterprises Inc. in Cincinnati, OH — $817K (2020) · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 7.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $613K (75%)
- Approval → funding
- 175 days
- Approved
- 2/7/2020
- First disbursed
- 7/31/2020
- Loan status
- Paid in full (2/29/2024)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 48
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by The Huntington National Bank · Lender record →
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- Long 3 LLC in Greensboro, NC — $563K (2020) · Fifth Third Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.48% fixed
- Term
- 67 months
- SBA guaranteed
- $422K (75%)
- Approval → funding
- 61 days
- Approved
- 1/30/2020
- First disbursed
- 3/31/2020
- Loan status
- Failed — $445K charged off (8/23/2024)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 10
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by Fifth Third Bank · Lender record →
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- Long 3 LLC in Greensboro, NC — $125K (2020) · Fifth Third Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 8.11% variable
- Term
- 33 months
- SBA guaranteed
- $63K (50%)
- Approval → funding
- 36 days
- Approved
- 2/24/2020
- First disbursed
- 3/31/2020
- Loan status
- In workout — SBA bought the guarantee
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 20
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by Fifth Third Bank · Lender record →
Your business? Claim this record · Request removal
- Eno-Idem Enterprises Inc. in Cincinnati, OH — $50K (2020) · The Huntington National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 7.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $25K (50%)
- Approved
- 2/7/2020
- Loan status
- Cancelled
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 48
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by The Huntington National Bank · Lender record →
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Who funds Shred415 — and where
Every dot is a financed Shred415 — 4 mapped.
Financed Shred415 locations — list all 4 as text
- Long 3 LLC — Greensboro · $563K · FY2020 · Fitness and Recreational Sports Centers
- Eno-Idem Enterprises Inc. — Cincinnati · $50K · FY2020 · Fitness and Recreational Sports Centers
- Eno-Idem Enterprises Inc. — Cincinnati · $817K · FY2020 · Fitness and Recreational Sports Centers
- Long 3 LLC — Greensboro · $125K · FY2020 · Fitness and Recreational Sports Centers
Top lenders for this brand
Most active states
- 1.North Carolina (2 loans)Shred415 lenders in North Carolina->
- 2.Ohio (2 loans)Shred415 lenders in Ohio->
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Common questions
How much does a Shred415 cost to buy or open?
The typical deal for Shred415 is $563K across 4 transactions since 2020. With the SBA's 10% minimum down payment, that points to roughly $62K of buyer cash on a typical deal.
How risky is Shred415?
Shred415 has 4 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 Shred415 with an SBA loan?
Yes — Shred415 has been SBA-financed 0 times since FY2025, which means it clears the SBA Franchise Directory requirement regularly. Confirm current listing before signing an LOI.
Buying a Shred415 franchise
Most Shred415 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 Shred415 deal financed for $563K, which points to about $62K of buyer cash on a typical purchase. Shred415 is listed in the SBA Franchise Directory (identifier S2414), so it's eligible to finance today — confirm current listing with your lender before the LOI. See the lenders that already fund Shred415 — 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 Shred415 — 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 Shred415 — typical deal size, the lenders that fund the brand, geography, and failure-rate context — from CapBench SBA Intelligence. Shred415 is confirmed in the SBA Franchise Directory here; CapBench is not a lender and does not sell franchises.
- 4 SBA 7(a) deals since 2020
- $563K typical deal
- 0 deals since FY2025
- Too few deals to score a reliable failure rate
- SBA Franchise Directory: listed (identifier S2414)
- Top lenders: Fifth Third Bank, The Huntington National Bank
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-07-18.
- 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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CapBench analysis of public lending records, FY2020–present. Charge-off rate measured on the FY2020–23 cohort. Not affiliated with Shred415.