Can you get an SBA loan for a Nationwide Lifts franchise?

Yes, SBA loans are available for Nationwide Lifts franchises. Historical data shows 2 SBA 7(a) loans have been approved for Nationwide Lifts franchisees, with an average loan amount of $335,000. The historical default rate is 0.0%.

Is Nationwide Lifts a good franchise to buy?

Nationwide Lifts shows several positive indicators: low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.

Nationwide Lifts

Nationwide Lifts franchisees operate mobile businesses that sell, service, and install home elevators and associated products. The business model requires an initial investment of $49,200 to $74,500, including $30,000 paid to the franchisor or affiliates. They target residential customers, such as homeowners, seeking accessibility solutions like home elevators.

Locations

ServicesYorkville, ILwww.nwlifts.comDisclaimer

Franchise Costs

Franchise Fee

$30,000

Item 5 of FDD

Initial Investment Range

N/A

Item 7 of FDD

Royalty Rate

3.00%

of gross sales

Brand Fund

N/A

Item 6 of FDD

3% royalty (or $1,250/mo minimum, whichever greater) + $1,500/mo national advertising fund + 2% of sales on local advertising

Financial Performance

Item 19 Financial Performance

This franchise did not provide Item 19 financial performance data.

Be careful if you are interested in investing. The lack of financial performance representations may indicate limited data or varying results across franchises.

Extracted Item 19 Section

How Nationwide Lifts Compares

Franchise	Investment	Fee	Royalty	Locations
Nationwide Lifts Current	N/A	$30K	3.0%	12
BUDGET BLINDS	$101K – $211K	$20K	3.5%	1,366
Koala Insulation	$195K – $242K	$50K	6.5%	333
CERTA PROPAINTERS	$171K – $321K	$65K	N/A	303
FCI	$184K – $249K	$55K	5.0%	288
That 1 Painter	$113K – $189K	$59K	6.0%	265
Home Improvement Average 63 franchises	$139K – $246K	$51K	6.2%	–

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 63 Home Improvement franchises by location count.

Locations & Growth

Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2024)

Outlets by state across the United States

Top States

1TX

2CA

3IL

4MA

5MI

6MO

7UT

8WI

9WY

10CO

SBA Loan History

Historical SBA 7(a) loan data for Nationwide Lifts franchisees (2021 – 2022)

Total Loans

Average Loan

$335,000

Total Volume

$0.7M

Default Rate

0.0%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts

12 franchisee contacts on file from official FDD filings.

Name	Address	Phone	Email	SBA Loan
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active