Gingiss Formal Wear
The total investment to open a Gingiss Formal Wear franchise ranges from $72,800 to $273,510.
What is the Gingiss Formal Wear franchise?
Gingiss Formal Wear is a men's formalwear rental business for customers who need formal clothing for special occasions. The estimated total initial investment to open ranges from $72,800 to $273,510.
The brand is headquartered in Merced, California. It was founded in 1936.
Loan Activity Score
34/100
SBA Default Rate
16.7%
Active Lenders
10
According to its Franchise Disclosure Document or public business records, Gingiss Formal Wear has 10 locations, all owned by franchisees. Public SBA loan records show 10 lenders made 12 loans to franchisees of Gingiss Formal Wear. PeerSense calculates Gingiss Formal Wear's score as 34 out of 100, using public SBA loan performance and recent lending activity.
Franchising since 1936 · 10 locations
$72,800 to $273,510
10
10 franchised
Proprietary PeerSense metric
LimitedDistinct lenders in public SBA records for Gingiss Formal Wear
12
Total SBA loans
$162K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Gingiss Formal Wear
Loan Activity Score Breakdown
Growing (10 to 24 loans)
Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.
Blended default rate (recent + all time) compared to NAICS sector peers.
Quality lenders actively backing this brand, with penalty for lender pullback.
FDD availability, Item 19 disclosure, and overall data completeness.
Geographic spread of SBA funded locations across states.
SBA Lending Performance
SBA Default Rate
16.7%
vs 10.0% peer avg
SBA Loans
12
Total Volume
$1.9M
Active Lenders
10
1 selective
States
7
vs. SBA Sector Average
SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Gingiss Formal Wear based on SBA lending data
SBA Default Rate
16.7%
6.7% above peer avg
SBA Loan Volume
12 loans
Across 10 lenders
Lender Diversity
10 lenders
Avg 1.2 loans per lender
Investment Tier
Mid range investment
$72,800 to $273,510 total
Gingiss Formal Wear: Deep SBA Data
Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.
Peak SBA Year
1998
4 approvals. The best year on record for Gingiss Formal Wear.
Top SBA State
California
5 SBA financed Gingiss Formal Wear locations, the densest operator footprint.
Average Loan Size
$162K
Median $125K. Use as a sizing anchor when modeling your own Gingiss Formal Wear unit.
Lender Concentration
41.7%
Concentrated
Share of Gingiss Formal Wear approvals captured by the top 3 SBA lenders.
Gingiss Formal Wear's SBA lending pipeline peaked in 1998 (4 approvals). Operator density is highest in California with 5 SBA financed locations. Average funded ticket sits at $162K, with the median at $125K. Lender mix is concentrated: the top three SBA lenders account for 41.7% of approvals. Credit decisions concentrate with a small group of incumbents.
Payment Estimator
Estimated Monthly Payment
$754
Principal & Interest only
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.
Locations
Gingiss Formal Wear, unit breakdown
Explore Funding for Gingiss Formal Wear
Our business financing consultants help connect you with the right lending partners. Referral fee paid at closing.
Or get an instant analysis
Scan Your Deal InstantlyPage 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