Health & Medical · lender intelligence
How to finance a The Covery
The SBA 7(a) lenders funding the most The Covery deals, ranked from public loan records — typical The Covery loan about $863K. A bank that has funded the brand knows the model — faster approvals, better terms.
Deal economics— what it takes to buy & finance The Covery
$863K
Typical loan
range $469K–$1.00M
$958K
Est. purchase price
≈ loan ÷ 90%
$131,426
Cash to close
$95,844 down + fees
$11,162/mo
Typical payment
~9.5% · 10yr
$154,036/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
20 days
Typical time to fund
3
Lenders competing
more = leverage
10.5%
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 The Covery
Ranked by funded The Covery loans. Tap a lender to open its full record, or hit Get in touch for an introduction.
- 1.196 loans · $21M · Boston, MAFull record →
- 2.3,264 loans · $846M · Miami, FLFull record →
- 3.20 loans · $8M · Saint Petersburg, FLFull record →
3+ funded The Covery 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.
- Campana Holdings, LLC in Woburn, MA — $469K (2024) · Eastern Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 8.5% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $352K (75%)
- Approved
- 7/24/2024
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 14
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Other Personal Care Services
Funded by Eastern Bank · Lender record →
Your business? Claim this record · Request removal
- The Covery-Flowood in Hickory, MS — $1.0M (2023) · Newtek Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 11.5% variable
- Term
- 126 months
- SBA guaranteed
- $750K (75%)
- Approval → funding
- 20 days
- Approved
- 8/17/2023
- First disbursed
- 9/6/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 6
- Business age
- New Business or 2 years or less
- Industry
- Offices of All Other Miscellaneous Health Practitioners
Funded by Newtek Bank, National Association · Lender record →
Your business? Claim this record · Request removal
- Big Lake Wellness LLC in Sarasota, FL — $863K (2023) · BayFirst National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 11.5% variable
- Term
- 126 months
- SBA guaranteed
- $647K (75%)
- Approval → funding
- 12 days
- Approved
- 8/26/2023
- First disbursed
- 9/7/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 14
- Business age
- Startup, Loan Funds will Open Business
- Industry
- All Other Health and Personal Care Stores
Funded by BayFirst National Bank · Lender record →
Your business? Claim this record · Request removal
Buying a The Covery? Start with a lender that has funded the brand
We'll point you to the SBA lenders already financing this brand — and help you make them compete on rate and speed.
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CapBench analysis of public SBA 7(a) lending records; ranked by funded loans to The Covery businesses. Mega-bank call-center lenders excluded.
Agent summary
How to finance a The Covery 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. Eastern Bank funds the most. CapBench is not a lender.
- $863K typical The Covery loan
- 3 lenders fund the brand
- 20 days typical to fund
Buyers researching a The Covery 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 2026-06-17.
- 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.