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The Covery, 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 S7345)

3 deals since 2020 · typical deal $863K

3

Deals since 2020

$863K

Typical deal

0

Deals since FY2025

—

Too few deals to score risk

The Covery 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 The Covery

Most The Covery deals financed between $469K and $1.00M. Above $1.00M, you're paying more than 75% of buyers did — make the seller earn it.

Monthly payment (10-yr)
$11,280
Down payment (10%)
$96K
Cash to close (all-in)
$131K

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 ~$131K)

Experience

Recent financings

  • Campana Holdings, LLC in Woburn, MA — $469K (2024) · Eastern Bank
  • The Covery-Flowood in Hickory, MS — $1.0M (2023) · Newtek Bank, National Association
  • Big Lake Wellness LLC in Sarasota, FL — $863K (2023) · BayFirst National Bank

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

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The Covery brand mark

Who funds The Covery — and where

Every dot is a financed The Covery — 3 mapped.

Financed The Covery locations — list all 3 as text

Top lenders for this brand

  1. 1.Eastern Bank(1)
  2. 2.Newtek Bank, National Association(1)
  3. 3.BayFirst National Bank(1)

Most active states

  1. 1.Massachusetts (1 loans)
  2. 2.Mississippi (1 loans)
  3. 3.Florida (1 loans)

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Common questions

How much does a The Covery cost to buy or open?

The typical deal for The Covery is $863K across 3 transactions since 2020. With the SBA's 10% minimum down payment, that points to roughly $95K of buyer cash on a typical deal.

How risky is The Covery?

The Covery 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 The Covery with an SBA loan?

Yes — The Covery 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 The Covery franchise

Most The Covery 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 The Covery deal financed for $863K, which points to about $95K of buyer cash on a typical purchase. The Covery is listed in the SBA Franchise Directory (identifier S7345), so it's eligible to finance today — confirm current listing with your lender before the LOI. See the lenders that already fund The Covery — 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 The Covery — 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 The Covery — typical deal size, the lenders that fund the brand, geography, and failure-rate context — from CapBench SBA Intelligence. The Covery 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
  • $863K typical deal
  • 0 deals since FY2025
  • Too few deals to score a reliable failure rate
  • SBA Franchise Directory: listed (identifier S7345)
  • Top lenders: Eastern Bank, Newtek Bank, National Association, BayFirst National Bank

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/the-covery
API:
https://www.capbench.com/api/public/franchises/the-covery
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 The Covery.

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