{"ok":true,"canonical_url":"https://dealroom.so/franchises/up-closets","api_url":"https://dealroom.so/api/public/franchises/up-closets","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"methodology":{"label":"Franchise financing & failure-rate methodology","url":"https://dealroom.so/methodology/franchise-risk"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"franchise":{"brand":"Up Closets","slug":"up-closets","url":"https://dealroom.so/franchises/up-closets","sbaLoansSince2020":7,"businessPurchases":0,"typicalDeal":150000,"dealRange25th75th":[150000,200000],"avgRatePct":9.96,"failureRatePct":null,"failureRateNote":"too few loans to score","loansSinceFY2025":7,"topLenders":[{"name":"United Midwest Savings Bank National Association","count":7,"url":"https://dealroom.so/lenders/united-midwest-savings-bank-national-association"}],"topStates":[{"count":3,"state":"TX"},{"count":1,"state":"FL"},{"count":1,"state":"DE"},{"count":1,"state":"GA"},{"count":1,"state":"IL"}],"recentDeals":[{"borrower":"TRUENORTH HOME SERVICES LLC dba UP CLOSETS CHICAGO NORTH","city":"Evanston","state":"IL","amount":225000,"fiscalYear":2026,"businessPurchase":false,"lender":"United Midwest Savings Bank National Association"},{"borrower":"Han Bahn LLC dba UP CLOSETS OF NORTH ATLANTA METRO","city":"Suwanee","state":"GA","amount":200000,"fiscalYear":2026,"businessPurchase":false,"lender":"United Midwest Savings Bank National Association"},{"borrower":"TXSpringUpC LLC dba Up Closets of Spring TX","city":"Houston","state":"TX","amount":200000,"fiscalYear":2026,"businessPurchase":false,"lender":"United Midwest Savings Bank National Association"},{"borrower":"Elevated Spaces Home Services Corp. dba UP CLOSETS OF DELAWARE","city":"Middletown","state":"DE","amount":150000,"fiscalYear":2026,"businessPurchase":false,"lender":"United Midwest Savings Bank National Association"},{"borrower":"Happy Space Interiors LLC dba Up Closets of Austin","city":"Austin","state":"TX","amount":150000,"fiscalYear":2026,"businessPurchase":false,"lender":"United Midwest Savings Bank National Association"},{"borrower":"EMNB Holdings LLC dba Up Closets of San Antonio","city":"Windcrest","state":"TX","amount":150000,"fiscalYear":2025,"businessPurchase":false,"lender":"United Midwest Savings Bank National Association"},{"borrower":"EMBRACE CLOSETS LLC","city":"Land O Lakes","state":"FL","amount":150000,"fiscalYear":2025,"businessPurchase":false,"lender":"United Midwest Savings Bank National Association"}]},"caveats":["DealRoom data is market intelligence, not a credit decision or SBA eligibility determination.","Final lender fit depends on SBA eligibility, borrower strength, collateral, cash flow, guarantors, and lender policy."],"citation":{"label":"DealRoom franchise financing record","url":"https://dealroom.so/franchises/up-closets","source_type":"DealRoom Data"}}