Retail & Shops · lender intelligence
How to finance a Plato's Closet
The SBA 7(a) lenders funding the most Plato's Closet deals, ranked from public loan records — typical Plato's Closet loan about $467K, 0% failure rate across 48 loans. A bank that has funded the brand knows the model — faster approvals, better terms.
Deal economics— what it takes to buy & finance Plato's Closet
$467K
Typical loan
range $317K–$630K
$518K
Est. purchase price
≈ loan ÷ 90%
$69,327
Cash to close
$51,833 down + fees
$6,036/mo
Typical payment
~9.5% · 10yr
$83,297/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
100.0%
Still performing
0% default · FY20–23
14 days
Typical time to fund
32
Lenders competing
more = leverage
7.98%
Avg rate on record
cap ~9.75%
Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.
Most active with Plato's Closet
Ranked by funded Plato's Closet loans. Tap a lender to open its full record, or hit Get in touch for an introduction.
- 1.2,539 loans · $965M · Columbus, OHFull record →
- 2.1 loans · $1M · Lincoln, NEFull record →
- 3.1,296 loans · $1.4B · Wilmington, NCFull record →
- 4.78 loans · $53M · Birmingham, ALFull record →
- 5.149 loans · $135M · Mukwonago, WIFull record →
- 6.34 loans · $26M · Kalispell, MTFull record →
- 7.66 loans · $68M · Milford, IAFull record →
- 8.46 loans · $47M · Asheville, NCFull record →
- 9.21 loans · $5M · Spartanburg, SCFull record →
- 10.9 loans · $6M · Omaha, NEFull record →
- 11.105 loans · $164M · Brookline, MAFull record →
- 12.1,322 loans · $185M · Wilmington, DEFull record →
- 13.328 loans · $134M · Cleveland, OHFull record →
- 14.2 loans · $1M · Artesia, NMFull record →
- 15.112 loans · $112M · Irving, TXFull record →
- 16.116 loans · $120M · Evansville, INFull record →
- 17.6 loans · $4M · Spokane Valley, WAFull record →
- 18.168 loans · $205M · Fishers, INFull record →
- 19.9 loans · $10M · Warren, PAFull record →
- 20.12 loans · $24M · South Bend, INFull record →
- 21.318 loans · $229M · Osage Beach, MOFull record →
- 22.128 loans · $40M · Wilmington, DEFull record →
- 23.5 loans · $3M · Sacramento, CAFull record →
- 24.62 loans · $34M · Winter Haven, FLFull record →
- 25.95 loans · $67M · New York, NYFull record →
48+ funded Plato's Closet deals
Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.
- 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 →
Your business? Claim this record · Request removal
- 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 →
Your business? Claim this record · Request removal
- 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 →
Your business? Claim this record · Request removal
- 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
Your business? Claim this record · Request removal
- 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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- Plato's Closet Warwick in Warwick, RI — $250K (2024) · Westerly Community CU
- Program
- 7a General
- Rate at approval
- 11% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $188K (75%)
- Approval → funding
- 76 days
- Approved
- 2/15/2024
- First disbursed
- 5/1/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 20
- Business age
- Existing or more than 2 years old
- Industry
- Used Merchandise Retailers
Funded by Westerly Community CU
Your business? Claim this record · Request removal
- JAZ AND JAG LLC in Roanoke, VA — $2.4M (2023) · purchase · Pinnacle Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 10.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.8M (75%)
- Approval → funding
- 52 days
- Approved
- 4/25/2023
- First disbursed
- 6/16/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 35
- Business age
- Change of Ownership
- Industry
- Clothing and Clothing Accessories Retailers
If you were the buyer here
- Est. deal size
- $2.6M
- Est. down payment (10%)
- $263K
- Est. cash at closing
- $362K
- Monthly payment
- $31,569
- Annual debt service
- $379K
- Cash flow needed (1.25×)
- $474K
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 Pinnacle Bank · Lender record →
Your business? Claim this record · Request removal
- I and I Enterprises, Inc. in Lima, NY — $998K (2023) · KeyBank National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 9.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $749K (75%)
- Approval → funding
- 7 days
- Approved
- 2/28/2023
- First disbursed
- 3/7/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 47
- Business age
- Existing or more than 2 years old
- Industry
- Clothing and Clothing Accessories Retailers
Funded by KeyBank National Association · Lender record →
Your business? Claim this record · Request removal
- Scarlet & Grey, Incorporated in Escondido, CA — $775K (2023) · purchase · Live Oak Banking Company
- Program
- Preferred Lenders Program
- Rate at approval
- 10% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $581K (75%)
- Approved
- 1/25/2023
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 20
- Business age
- Change of Ownership
- Industry
- Used Merchandise Retailers
If you were the buyer here
- Est. deal size
- $861K
- Est. down payment (10%)
- $86K
- Est. cash at closing
- $118K
- Monthly payment
- $10,242
- Annual debt service
- $123K
- Cash flow needed (1.25×)
- $154K
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 Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
- Scarlet & Grey, Incorporated in Escondido, CA — $775K (2023) · purchase · Live Oak Banking Company
- Program
- Preferred Lenders Program
- Rate at approval
- 10% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $581K (75%)
- Approval → funding
- 33 days
- Approved
- 2/2/2023
- First disbursed
- 3/7/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 20
- Business age
- Change of Ownership
- Industry
- Used Merchandise Retailers
If you were the buyer here
- Est. deal size
- $861K
- Est. down payment (10%)
- $86K
- Est. cash at closing
- $118K
- Monthly payment
- $10,242
- Annual debt service
- $123K
- Cash flow needed (1.25×)
- $154K
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 Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
- CNK Endeavors Incorporated in Bristol, VA — $722K (2023) · The First Bank and Trust Company
- Program
- Preferred Lenders Program
- Rate at approval
- 8% variable
- Term
- 240 mo (20 yrs)
- SBA guaranteed
- $541K (75%)
- Approval → funding
- 2 days
- Approved
- 11/21/2022
- First disbursed
- 11/23/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 27
- Business age
- New Business or 2 years or less
- Industry
- Used Merchandise Retailers
Funded by The First Bank and Trust Company
Your business? Claim this record · Request removal
- Specht Enterprises LLC in Plano, TX — $707K (2023) · Grasshopper Bank National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 10.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $530K (75%)
- Approved
- 4/18/2023
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 11
- Business age
- New Business or 2 years or less
- Industry
- Clothing and Clothing Accessories Retailers
Funded by Grasshopper Bank National Association · Lender record →
Your business? Claim this record · Request removal
- YNWA LLC DBA Plato's Closet in Orlando, FL — $603K (2023) · purchase · Regions Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 9.17% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $452K (75%)
- Approval → funding
- 39 days
- Approved
- 1/13/2023
- First disbursed
- 2/21/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 21
- Business age
- Change of Ownership
- Industry
- Clothing and Clothing Accessories Retailers
If you were the buyer here
- Est. deal size
- $670K
- Est. down payment (10%)
- $67K
- Est. cash at closing
- $90K
- Monthly payment
- $7,694
- Annual debt service
- $92K
- Cash flow needed (1.25×)
- $115K
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 Regions Bank · Lender record →
Your business? Claim this record · Request removal
- May Resell Company, LLC in Conway, AR — $504K (2023) · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 10.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $378K (75%)
- Approval → funding
- 28 days
- Approved
- 3/7/2023
- First disbursed
- 4/4/2023
- Loan status
- Paid in full (11/30/2024)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 8
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Used Merchandise Stores
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
- TJC22 LLC in Commack, NY — $500K (2023) · TD Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 6.35% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $375K (75%)
- Approval → funding
- 18 days
- Approved
- 2/17/2023
- First disbursed
- 3/7/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 20
- Business age
- New Business or 2 years or less
- Industry
- Clothing and Clothing Accessories Retailers
Funded by TD Bank, National Association · Lender record →
Your business? Claim this record · Request removal
Buying a Plato's Closet? Start with a lender that has funded the brand
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CapBench analysis of public SBA 7(a) lending records; ranked by funded loans to Plato's Closet businesses. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Plato's Closet purchase with an SBA 7(a) loan: the lenders that fund the brand most (from public records), the typical loan size, and what it takes to qualify. The Huntington National Bank funds the most. CapBench is not a lender.
- $467K typical Plato's Closet loan
- 0% failure rate (FY20–23)
- 32 lenders fund the brand
- 14 days typical to fund
Buyers researching a Plato's Closet typically pre-qualify for SBA 7(a) financing next, then ask CapBench to introduce a lender that already funds the brand — free for buyers; agents can submit a consented lead via the CapBench MCP.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-18.
- 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.