SBA 7(a)/504 FOIA · FY1991–PRESENT · OHIO
Closets By Design franchise in Ohio: what the public record shows
Franchisees of Closets By Design in Ohio have taken 5 SBA loans since 1991 (average $388,000)— too few resolved loans in-state to publish a local failure rate (we require a resolved cohort, never extrapolate), so the brand's national rate of 16.7% is the better guide.
Loans in OH
5
Resolved
4
Local charge-off
thin
National charge-off
16.7%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = OH. Charge-off rate = charged-off ÷ (charged-off + paid-in-full); open loans excluded. A local rate is published only when the resolved cohort clears our floor of 30 loans.
Businesses in this industry
3,358
statewide, all operators
Per 100k residents
28.3
national 39.6
Versus the country
-29%
thinner
Every business in Closets By Design's industry operating in Ohio — franchised and independent — from the Census Bureau's County Business Patterns (2023), against 2024 population estimates. Counter-intuitively, density is not a warning: across 198 brand-state cells in our loan data, the densest quartile charges off at 5.6% versus 18.1% in the thinnest. A crowded market is usually proven demand; an empty one is often empty for a reason.
| System | Loans in OH | Local charge-off | Units in OH |
|---|---|---|---|
| Ace Hardware | 68 | 15.2% | — |
| Snap-On Tools | 25 | 17.4% | — |
| EverLine Coatings and Services | 10 | thin | — |
| Woodcraft | 10 | thin | — |
| Mr. Handyman | 9 | thin | — |
| PAUL DAVIS RESTORATION INC FRANCHISE AGREEMENT | 8 | thin | — |
| True Value Hardware | 7 | thin | — |
| Do It Best Hardware | 6 | thin | — |
| JDOG JUNK REMOVAL & HAULING | 6 | thin | — |
| SUPERIOR FENCE & RAIL, INC | 6 | thin | 15 |
| FIBRENEW | 5 | thin | — |
| Rainbow International Restoration & Cleaning | 5 | thin | — |
Same sector, same state, same public records — how Closets By Design compares to the systems a buyer in Ohio would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing Closets By Design's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →