SPAVIA: how its 51 SBA loans actually performed
Other Personal Care Services · 51 units financed with SBA 7(a) loans since 2010 · 20 lenders have funded this brand.
Defaults run above the SBA-wide average
2 of 22 seasoned units charged off — 9.1%, against 5.7% across all SBA 7(a) loans.
How this brand compares
share of owners who defaulted within seven yearsWho lends on it
most active lenders, 2010 onward| Lender | Units funded |
|---|---|
| Stearns Bank National Association | 12 |
| The Huntington National Bank | 11 |
| JPMorgan Chase Bank, National Association | 4 |
| First Merchants Bank | 3 |
| Frandsen Bank and Trust | 3 |
| Wells Fargo Bank National Association | 2 |
20 lenders have funded SPAVIA since 2010. Fewer active lenders means less competition on your rate.
A note on sample size
SPAVIA 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 SPAVIA SBA loans have defaulted?
2 of 22 seasoned SPAVIA SBA 7(a) loans charged off within seven years — a 9.1% default rate, against 5.7% across all SBA 7(a) loans.
Is a SPAVIA 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 SPAVIA franchises?
20 lenders have made SBA loans to SPAVIA since 2010, led by Stearns Bank National Association.