My Eye Lab vs Texas State Optical
My Eye Lab vs Texas State Optical: My Eye Lab costs $350K to $539K to open; Texas State Optical costs $104K to $375K. My Eye Lab has 29 units, Texas State Optical has 13. SBA loan history: My Eye Lab = 31 loans (6.5% default); Texas State Optical = 14 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.
My Eye Lab vs Texas State Optical: 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
Texas State Optical requires the lower minimum capital commitment ($104K vs $350K for My Eye Lab), a 236% spread.
System Scale & Tenure
On scale, My Eye Lab operates 29 units to Texas State Optical's 13, roughly 2× the system size.
SBA Lending Profile
My Eye Lab has the deeper SBA lending track record, with 31 7(a) approvals compared with 14 for Texas State Optical. My Eye Lab's peak SBA year was 2021 (12 loans); Texas State Optical's peak was 2011 (4 loans). My Eye Lab's more recent peak generally indicates fresher lender appetite. Both systems have the most SBA funded units in TX. Borrowers in that state will find the deepest lender familiarity with either brand. Average SBA loan size on funded My Eye Lab deals is $442K vs $251K for Texas State Optical, useful as a sizing anchor when modeling your own unit.
Risk Signal
SBA default rates are 6.5% for My Eye Lab and 0.0% for Texas State Optical, Texas State Optical has the cleaner SBA loss record by 6.5 points. PeerSense FPI scores come in at 38 (Fair) for My Eye Lab and 40 (Fair) for Texas State Optical, giving Texas State Optical the stronger composite signal across SBA performance, lender appetite, and operational consistency.
Health & Performance
FPI Score | 38/100 | 40/100 |
Health Tier | Fair | Fair |
Confidence | N/A | N/A |
Lending Trend | Declining | Declining |
SBA Lending
SBA Loans | 31 | 14 |
SBA Volume | – | – |
Default Rate | 6.5% | 0.0% |
Peer Tier | established | growing |
Investment & Costs
Total Investment | $350K to $539K | $104K to $375K |
Franchise Fee | N/A | N/A |
Royalty Rate | N/A | N/A |
Ad Fund | N/A | N/A |
Liquid Capital | N/A | N/A |
Net Worth Required | N/A | N/A |
Financial Performance (Item 19)
Item 19 Status | Not Disclosed | Not Disclosed |
System Size & Operations
Total Units | 29 | 13 |
Franchised Units | 29 | 13 |
Company Owned | – | – |
Term Length | N/A | N/A |
Brand Information
Year Founded | N/A | 1936 |
Franchising Since | N/A | N/A |
Years Franchising | N/A | N/A |
Headquarters | AUSTIN, TX | HOUSTON, TX |
Category | Offices of Optometrists | Offices of Optometrists |
Website | ||
FDD Year | N/A | N/A |
Which Is Better, My Eye Lab or Texas State Optical?
Lower upfront capital required
Tie
My Eye Lab: $350K starting · Texas State Optical: $104K starting
More SBA lender confidence
My Eye Lab
My Eye Lab: 31 SBA loans · Texas State Optical: 14 SBA loans
Lower SBA default rate
Texas State Optical
My Eye Lab: 6.5% · Texas State Optical: 0.0%
Larger system & brand presence
Tie
My Eye Lab: 29 units · Texas State Optical: 13 units
More lender financing options
My Eye Lab
My Eye Lab: 19 unique lenders · Texas State Optical: 8 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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About These Franchises
My Eye Lab vs Texas State Optical: Franchise Funding Comparison
Comparing My Eye Lab and Texas State Optical is about more than brand preference. It's about which franchise fits your financial profile and funding strategy. Investment ranges from $104K to $539K.
My Eye Lab has 31 SBA loans on record and Texas State Optical has 14. 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.
My Eye Lab vs Texas State Optical, Frequently Asked Questions
Which is a better franchise investment, My Eye Lab or Texas State Optical?
How much does a My Eye Lab franchise cost compared to Texas State Optical?
Can I finance My Eye Lab or Texas State Optical with an SBA loan?
Which has a lower SBA default rate, My Eye Lab or Texas State Optical?
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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 LinkedIn profileAbout Edward Freeman