Spray Net vs That 1 Painter
Spray Net vs That 1 Painter: Spray Net costs $52K to $306K to open; That 1 Painter costs $44K to $425K. Spray Net has 24 units, That 1 Painter has 29. SBA loan history: Spray Net = 38 loans (13.2% default); That 1 Painter = 42 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.
Spray Net vs That 1 Painter: 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
That 1 Painter requires the lower minimum capital commitment ($44K vs $52K for Spray Net), a 18% spread. Initial franchise fees come in at $40K for Spray Net versus $34K for That 1 Painter, That 1 Painter has the lower entry fee. Ongoing royalty load is 7% for Spray Net and 6% for That 1 Painter, giving That 1 Painter the lighter per-unit drag on operating income.
System Scale & Tenure
On scale, That 1 Painter operates 29 units to Spray Net's 24.
SBA Lending Profile
That 1 Painter has the deeper SBA lending track record, with 42 7(a) approvals compared with 38 for Spray Net. Spray Net's peak SBA year was 2023 (12 loans); That 1 Painter's peak was 2024 (24 loans). That 1 Painter's more recent peak generally indicates fresher lender appetite. Spray Net has the most SBA funded units in TX, with 8. That 1 Painter leads in VA, with 5. Borrowers should pick the brand whose strongest SBA state matches their own state for warmer lender introductions. Average SBA loan size on funded Spray Net deals is $164K vs $211K for That 1 Painter, useful as a sizing anchor when modeling your own unit.
Risk Signal
SBA default rates are 13.2% for Spray Net and 0.0% for That 1 Painter, That 1 Painter has the cleaner SBA loss record by 13.2 points. PeerSense FPI scores come in at 61 (Moderate) for Spray Net and 70 (Strong) for That 1 Painter, giving That 1 Painter the stronger composite signal across SBA performance, lender appetite, and operational consistency.
Health & Performance
FPI Score | 61/100 | 70/100 |
Health Tier | Moderate | Strong |
Confidence | N/A | N/A |
Lending Trend | Growing | N/A |
SBA Lending
SBA Loans | 38 | 42 |
SBA Volume | – | – |
Default Rate | 13.2% | 0.0% |
Peer Tier | established | established |
Investment & Costs
Total Investment | $52K to $306K | $44K to $425K |
Franchise Fee | $40K | $34K |
Royalty Rate | 7% | 6% |
Ad Fund | 2% | 2% |
Liquid Capital | N/A | N/A |
Net Worth Required | N/A | N/A |
Financial Performance (Item 19)
Item 19 Status | Disclosed | Disclosed |
System Size & Operations
Total Units | 24 | 29 |
Franchised Units | 24 | 29 |
Company Owned | – | – |
Term Length | 10 yrs | 10 yrs |
Brand Information
Year Founded | N/A | N/A |
Franchising Since | 1986 | 2023 |
Years Franchising | 40 yrs | 3 yrs |
Headquarters | MCKINNEY, TX | JACKSONVILLE, FL |
Category | Painting | Painting |
Website | ||
FDD Year | 2025 | 2025 |
Which Is Better, Spray Net or That 1 Painter?
Lower upfront capital required
That 1 Painter
Spray Net: $52K starting · That 1 Painter: $44K starting
More SBA lender confidence
That 1 Painter
Spray Net: 38 SBA loans · That 1 Painter: 42 SBA loans
Lower SBA default rate
That 1 Painter
Spray Net: 13.2% · That 1 Painter: 0.0%
Larger system & brand presence
That 1 Painter
Spray Net: 24 units · That 1 Painter: 29 units
Lower ongoing royalty load
That 1 Painter
Spray Net: 7% · That 1 Painter: 6%
More lender financing options
That 1 Painter
Spray Net: 6 unique lenders · That 1 Painter: 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
Spray Net vs That 1 Painter: Franchise Funding Comparison
Comparing Spray Net and That 1 Painter is about more than brand preference. It's about which franchise fits your financial profile and funding strategy. Investment ranges from $44K to $425K.
Spray Net has 38 SBA loans on record and That 1 Painter has 42. Those totals are cumulative history rather than a measure of current appetite. There is not enough recent lending activity on record to judge current appetite for at least one of these brands, so it has to be checked deal by deal.
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.
Spray Net vs That 1 Painter, Frequently Asked Questions
Which is a better franchise investment, Spray Net or That 1 Painter?
How much does a Spray Net franchise cost compared to That 1 Painter?
Can I finance Spray Net or That 1 Painter with an SBA loan?
Which has a lower SBA default rate, Spray Net or That 1 Painter?
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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