Franchise brands › Clothes Mentor
Franchise brand68 approvals since FY2010
SBA loans to Clothes Mentor franchises
Approvals SBA files under the brand's franchise code. The loans are to independent franchise owners; this page describes the brand in aggregate and no franchisee.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Since FY2010, 68 SBA loan approvals worth $13.1M carry the Clothes Mentor franchise code, 14 of them in FY2021 to FY2025.
In FY2025 there were 4. The average approval in the five-year window was $240K.
9 lenders made the FY2021 to FY2025 loans across 7 states; the most active were Sunrise Banks National Association (4), U.S. Bank, National Association (3) and Midwest Regional Bank (1).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 4.5% as charged off, below the 6.0% for all SBA loans from those years. The figures describe loans to independent franchise owners, not the franchisor.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Loans by fiscal year
| Fiscal year | Approvals | Dollars approved | Average approval | of which 504 | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 1 | — | — | 0 | 4 |
| FY2025 | 4 | $1.4M | $350K | 0 | 27 |
| FY2024 | 1 | — | — | 0 | 14 |
| FY2023 | 1 | — | — | 0 | 14 |
| FY2022 | 7 | $1.2M | $176K | 0 | 112 |
| FY2021 | 1 | — | — | 0 | 14 |
| FY2020 | 0 | — | — | 0 | 0 |
| FY2019 | 4 | $907K | $227K | 0 | 14 |
| FY2018 | 1 | — | — | 0 | 9 |
| FY2017 | 5 | $951K | $190K | 1 | 38 |
| FY2016 | 10 | $2.1M | $209K | 0 | 162 |
SBA's franchise field lists the brand as "CLOTHES MENTOR"; "Clothes Mentor". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Clothes Mentor | All SBA loans |
|---|---|---|
| Approvals in these years | 54 | 725,496 |
| Cancelled or never disbursed | 10 | 91,827 |
| Disbursed loans | 44 | 633,669 |
| Paid in full | 38 | 471,304 |
| Charged off | 2 | 37,796 |
| Still outstanding (status exempt from disclosure) | 4 | 124,569 |
| Charged off, share of disbursed loans | 4.5% | 6.0% |
| Dollars charged off, share of disbursed dollars | 3.7% | 2.2% |
| Dollars charged off | $291K | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Sunrise Banks National AssociationSaint Paul, MN | 4 | $454K | 28.6% | |
| 2 | U.S. Bank, National AssociationCincinnati, OH | 3 | $505K | 21.4% | |
| 3 | Midwest Regional BankFestus, MO | 1 | — | 7.1% | |
| 4 | Village BankSaint Francis, MN | 1 | — | 7.1% | |
| 5 | Bank of Jackson Hole TrustJackson, WY | 1 | — | 7.1% | |
| 6 | Wells Fargo Bank National AssociationSioux Falls, SD | 1 | — | 7.1% | |
| 7 | BayFirst National BankSaint Petersburg, FL | 1 | — | 7.1% | |
| 8 | Live Oak Banking CompanyWilmington, NC | 1 | — | 7.1% | |
| 9 | Citizens BankElizabethton, TN | 1 | — | 7.1% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Minnesota | 5 | 35.7% | |
| 2 | Texas | 3 | 21.4% | |
| 3 | Arizona | 2 | 14.3% | |
| 4 | Kentucky | 1 | 7.1% | |
| 5 | Kansas | 1 | 7.1% | |
| 6 | Georgia | 1 | 7.1% | |
| 7 | Maryland | 1 | 7.1% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Clothing and Clothing Accessories RetailersNAICS 4581 | 5 | 35.7% | |
| 2 | Used Merchandise StoresNAICS 4533 | 3 | 21.4% | |
| 3 | Clothing StoresNAICS 4481 | 3 | 21.4% | |
| 4 | Used Merchandise RetailersNAICS 4595 | 2 | 14.3% | |
| 5 | Computer Systems Design and Related ServicesNAICS 5415 | 1 | 7.1% |
Approval sizes
- $50,000 or less28.6%4
- $150,001 to $350,00050.0%7
- $350,001 to $1 million21.4%3
Age of the businesses
- Existing, more than 2 years old7.1%1
- New business, 2 years or less28.6%4
- Startup, loan funds will open the business57.1%8
- Change of ownership7.1%1
Questions and answers
How many SBA loans go to Clothes Mentor franchises?
68 approvals since FY2010, worth $13.1M; 14 in FY2021 to FY2025.
Which lenders make SBA loans for Clothes Mentor franchises?
By approvals in FY2021 to FY2025: Sunrise Banks National Association (4), U.S. Bank, National Association (3), Midwest Regional Bank (1), Village Bank (1), Bank of Jackson Hole Trust (1).
How large is a typical SBA loan for a Clothes Mentor franchise?
The average approval in FY2021 to FY2025 was $240K.
What share of Clothes Mentor SBA loans are charged off?
Of 44 disbursed loans approved in FY2010 to FY2021, 2 (4.5%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Clothes Mentor franchises rising?
Volumes are too small to compare periods.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error