TOGO'S: how its 43 SBA loans actually performed
Limited-Service Restaurants · 43 units financed with SBA 7(a) loans since 2010 · 22 lenders have funded this brand.
5 of 33 owners defaulted on their SBA loan
That is 15.2% — roughly 3 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 |
|---|---|
| The Bancorp Bank National Association | 8 |
| West Coast Community Bank | 5 |
| United Business Bank | 5 |
| Stearns Bank National Association | 3 |
| Exchange Bank | 3 |
| U.S. Bank, National Association | 2 |
22 lenders have funded TOGO'S since 2010. Fewer active lenders means less competition on your rate.
A note on sample size
TOGO'S is a smaller-sample brand: 33 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 33 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 TOGO'S SBA loans have defaulted?
5 of 33 seasoned TOGO'S SBA 7(a) loans charged off within seven years — a 15.2% default rate, against 5.7% across all SBA 7(a) loans.
Is a TOGO'S 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 33 loans it is a smaller sample than our flagship brands.
Which lenders fund TOGO'S franchises?
22 lenders have made SBA loans to TOGO'S since 2010, led by The Bancorp Bank National Association.