Spenga, by the numbers
Every figure below comes from real financed deals — what buyers paid, where, and how the loans performed.
SBA Franchise Directory: listed ✓ (identifier S1606)
38 deals since 2020 · typical deal $667K · 13.89% failure rate
38
Deals since 2020
$667K
Typical deal
2
Deals since FY2025
13.89%
Failure rate (FY20–23)
13.89% of Spenga's FY2020–23 deals failed — well above typical. Price that risk into your offer and your reserves.
What buyers pay for Spenga
Most Spenga deals financed between $552K and $815K. Above $815K, you're paying more than 75% of buyers did — make the seller earn it.
- Monthly payment (10-yr)
- $8,722
- Down payment (10%)
- $74K
- Cash to close (all-in)
- $99K
Estimates at today's rates and standard 7(a) terms. Not a loan offer.
Could you get the loan?
Three answers. No documents, no credit pull.
Credit score
Available cash (you'll need ~$99K)
Experience
Recent financings
- SPENGA in Greenville, SC — $108K (2026) · First Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 9.5% variable
- Term
- 120 mo (10 yrs)