CherryBerry: how its 22 SBA loans actually performed
Limited-Service Restaurants · 22 units financed with SBA 7(a) loans since 2010 · 16 lenders have funded this brand.
6 of 22 owners defaulted on their SBA loan
That is 27.3% — roughly 5 times the 5.7% average across all SBA 7(a) loans. It does not make this a bad business. It makes it an expensive one to finance.
How this brand compares
share of owners who defaulted within seven yearsWho lends on it
most active lenders, 2010 onward| Lender | Units funded |
|---|---|
| Triad Bank, National Association | 3 |
| JPMorgan Chase Bank, National Association | 3 |
| Midwest Bank | 2 |
| U.S. Bank, National Association | 2 |
| First PREMIER Bank | 1 |
| Enterprise Bank & Trust | 1 |
16 lenders have funded CherryBerry since 2010. Fewer active lenders means less competition on your rate.
A note on sample size
CherryBerry is a smaller-sample brand: 22 of its SBA loans are old enough to judge (our flagship brands have 60+). The default rate above is a real count, but read it as a signal rather than a verdict — with 22 loans, a handful of outcomes moves the number. We omit the year-by-year breakdowns shown on larger brands, which would be noisy at this size.
Common questions
How many CherryBerry SBA loans have defaulted?
6 of 22 seasoned CherryBerry SBA 7(a) loans charged off within seven years — a 27.3% default rate, against 5.7% across all SBA 7(a) loans.
Is a CherryBerry franchise a safe SBA loan bet?
By the numbers its default rate is above the SBA-wide 5.7% average. That is a financing signal, not a verdict on the business — and with 22 loans it is a smaller sample than our flagship brands.
Which lenders fund CherryBerry franchises?
16 lenders have made SBA loans to CherryBerry since 2010, led by Triad Bank, National Association.