Which has more SBA loans, Apex Fun Run or Red Wheel Pizza Fundraising?

Apex Fun Run has 26 SBA 7(a) historical approvals; Red Wheel Pizza Fundraising has 7. Apex Fun Run has the deeper public lender track record, which generally translates into faster pre-qualification and broader lender familiarity.

What is the default rate for Apex Fun Run vs Red Wheel Pizza Fundraising SBA loans?

Apex Fun Run's SBA default rate is 23.1%, versus 0.0% for Red Wheel Pizza Fundraising. Red Wheel Pizza Fundraising has the cleaner loss profile, which capital sources weigh when pricing the next deal in the brand.

When did Apex Fun Run and Red Wheel Pizza Fundraising peak in SBA lending volume?

Apex Fun Run's SBA approval peak was 2017 with 6 loans; Red Wheel Pizza Fundraising's peak was 2009 with 2. A more recent peak (currently Apex Fun Run) generally indicates fresher lender appetite and easier financing today.

Which states have the most Apex Fun Run and Red Wheel Pizza Fundraising SBA loans?

Apex Fun Run leads in NV with 3 SBA-funded units; Red Wheel Pizza Fundraising leads in IA with 4. The brand that matches your operating state typically closes faster because local lenders already know the unit economics.

Side by Side Comparison

Apex Fun Run vs Red Wheel Pizza Fundraising

Quick Answer

Apex Fun Run vs Red Wheel Pizza Fundraising: Apex Fun Run costs $29K to $210K to open; Red Wheel Pizza Fundraising costs $22K to $940K. Apex Fun Run has 18 units, Red Wheel Pizza Fundraising has 4. SBA loan history: Apex Fun Run = 26 loans (23.1% default); Red Wheel Pizza Fundraising = 7 loans (0.0% default). The franchise with more SBA funded units, a lower SBA default rate, and a lower royalty load is the safer financing bet; see the comparison below.

Apex Fun Run vs Red Wheel Pizza Fundraising: Capital, Scale & Lending Analysis

Analysis based on FDD filings and SBA 7(a) loan level data. Each pairing reflects a unique combination of capital intensity, system scale, and financing path.

Capital Intensity

Red Wheel Pizza Fundraising requires the lower minimum capital commitment ($22K vs $29K for Apex Fun Run), a 31% spread.

System Scale & Tenure

On scale, Apex Fun Run operates 18 units to Red Wheel Pizza Fundraising's 4, roughly 5× the system size. Red Wheel Pizza Fundraising has been operating 44 years (founded 1982) versus 15 for Apex Fun Run (founded 2011), a 29-year tenure gap that affects unit-economics maturity and FDD revision history.

SBA Lending Profile

Apex Fun Run has the deeper SBA lending track record, with 26 7(a) approvals compared with 7 for Red Wheel Pizza Fundraising. Apex Fun Run's peak SBA year was 2017 (6 loans); Red Wheel Pizza Fundraising's peak was 2009 (2 loans). Apex Fun Run's more recent peak generally indicates fresher lender appetite. Apex Fun Run has the most SBA funded units in NV, with 3. Red Wheel Pizza Fundraising leads in IA, with 4. Borrowers should pick the brand whose strongest SBA state matches their own state for warmer lender introductions. Average SBA loan size on funded Apex Fun Run deals is $216K vs $401K for Red Wheel Pizza Fundraising, useful as a sizing anchor when modeling your own unit.

Risk Signal

SBA default rates are 23.1% for Apex Fun Run and 0.0% for Red Wheel Pizza Fundraising, Red Wheel Pizza Fundraising has the cleaner SBA loss record by 23.1 points. PeerSense FPI scores come in at 46 (Fair) for Apex Fun Run and 50 (Moderate) for Red Wheel Pizza Fundraising, giving Red Wheel Pizza Fundraising the stronger composite signal across SBA performance, lender appetite, and operational consistency.

Apex Fun Run

All Other Business Support Services

46 10W

Red Wheel Pizza Fundraising

All Other Business Support Services

Health & Performance

FPI Score	46/100	50/100
Health Tier	Fair	Moderate
Confidence	N/A	N/A
Lending Trend	Declining	N/A

SBA Lending

SBA Loans	26	7
SBA Volume	–	–
Default Rate	23.1%	0.0%
Peer Tier	established	emerging

Investment & Costs

Total Investment	$29K to $210K	$22K to $940K
Franchise Fee	$50K	N/A
Royalty Rate	8%	N/A
Ad Fund	2%	N/A
Liquid Capital	N/A	N/A
Net Worth Required	N/A	N/A

Financial Performance (Item 19)

Item 19 Status

Disclosed

Not Disclosed

System Size & Operations

Total Units	18	4
Franchised Units	18	4
Company Owned	–	–
Term Length	10 yrs	N/A

Brand Information

Year Founded	2011	1982
Franchising Since	2021	N/A
Years Franchising	5 yrs	N/A
Headquarters	NV	COUNCIL BLUFFS, IA
Category	All Other Business Support Services	All Other Business Support Services
Website	apexfunrun.com	redwheelfundraising.com
FDD Year	2025	N/A

Which Is Better, Apex Fun Run or Red Wheel Pizza Fundraising?

Lower upfront capital required

Tie

Apex Fun Run: $29K starting · Red Wheel Pizza Fundraising: $22K starting

More SBA lender confidence

Apex Fun Run

Apex Fun Run: 26 SBA loans · Red Wheel Pizza Fundraising: 7 SBA loans

Lower SBA default rate

Red Wheel Pizza Fundraising

Apex Fun Run: 23.1% · Red Wheel Pizza Fundraising: 0.0%

Larger system & brand presence

Tie

Apex Fun Run: 18 units · Red Wheel Pizza Fundraising: 4 units

More lender financing options

Apex Fun Run

Apex Fun Run: 10 unique lenders · Red Wheel Pizza Fundraising: 5 unique lenders

Decision matrix uses publicly disclosed FDD and SBA loan data. Not a recommendation. Your best franchise depends on capital, market, operating capacity, and risk tolerance.

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Apex Fun Run

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Apex Fun Run vs Red Wheel Pizza Fundraising: Franchise Funding Comparison

Comparing Apex Fun Run and Red Wheel Pizza Fundraising is about more than brand preference. It's about which franchise fits your financial profile and funding strategy. Investment ranges from $22K to $940K.

Apex Fun Run has 26 SBA loans on record and Red Wheel Pizza Fundraising has 7. Those totals are cumulative history rather than a measure of current appetite. Recent lending activity is trending down for at least one of these brands, so current lender appetite has to be checked deal by deal rather than assumed from the totals.

SBA 7(a) loans are the most common franchise funding vehicle, offering up to $5M with as little as 10% down. PeerSense connects franchise buyers with the specific lenders who have approved loans for these brands, not generic referrals, but lenders with actual franchise lending track records.

Data sourced from SBA loan records, Franchise Disclosure Documents, and public filings. Updated regularly. Not financial advice, consult with a lending professional before making investment decisions.

SBA Loan Guide Franchise Funding Options Best SBA Franchise Lenders All Franchises Talk to PeerSense

Apex Fun Run vs Red Wheel Pizza Fundraising, Frequently Asked Questions

Which is a better franchise investment, Apex Fun Run or Red Wheel Pizza Fundraising?

Compare Apex Fun Run vs Red Wheel Pizza Fundraising franchise costs, FDD data, royalty rates, unit counts, and SBA lending history side by side above. The best franchise depends on your capital, market, and risk tolerance, not a single ranking. Use the decision matrix above to see which brand wins on each financing dimension.

How much does a Apex Fun Run franchise cost compared to Red Wheel Pizza Fundraising?

Apex Fun Run requires $29K to $210K in total initial investment with a $50K franchise fee. Red Wheel Pizza Fundraising requires $22K to $940K with a N/A franchise fee. All numbers come from official Franchise Disclosure Document filings.

Can I finance Apex Fun Run or Red Wheel Pizza Fundraising with an SBA loan?

Both brands appear on the SBA Franchise Directory and have funded SBA 7(a) loans: Apex Fun Run has 26 SBA loans on record; Red Wheel Pizza Fundraising has 7. SBA 7(a) is the most common franchise financing vehicle, offering up to $5M with 10% down. PeerSense routes your deal to lenders who have already approved the brand.

Which has a lower SBA default rate, Apex Fun Run or Red Wheel Pizza Fundraising?

Apex Fun Run: 23.1% SBA default rate. Red Wheel Pizza Fundraising: 0.0% SBA default rate. Lower default rates mean lenders quote tighter rates and underwrite faster.

Compare Apex Fun Run to other franchises Compare Red Wheel Pizza Fundraising to other franchises Browse all All Other Business Support Services franchises

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Page Review

Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense

PeerSense is a capital advisory firm that places commercial financing with direct capital sources; the capital source sets final terms.
Edward L. Freeman founded PeerSense in January 2020.
He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page

Last reviewed October 2, 2026LinkedIn profile About Edward Freeman