Skip to main content
Prime Rate:6.75%Fed Funds:3.64%5-Yr Treasury:3.88%10-Yr Treasury:4.25%30-Yr Treasury:4.83%30-Yr Mortgage:6.22%·Updated Mar 19, 2026Prime Rate:6.75%Fed Funds:3.64%5-Yr Treasury:3.88%10-Yr Treasury:4.25%30-Yr Treasury:4.83%30-Yr Mortgage:6.22%·Updated Mar 19, 2026
Rates
Gingiss Formal Wear

Gingiss Formal Wear

Franchising since 1936 · 10 locations

The total investment to open a Gingiss Formal Wear franchise ranges from $72,800 - $273,510. Gingiss Formal Wear currently operates 10 locations (10 franchised). The top SBA 7(a) lenders for Gingiss Formal Wear are Arvest Bank, Wells Fargo Bank and Stearns Bank. PeerSense FPI health score: 34/100.

Investment

$72,800 - $273,510

Total Units

10

10 franchised

FPI Score
Medium
34

Proprietary PeerSense metric

Limited
Capital Partners
10lenders available

Active capital sources verified for Gingiss Formal Wear financing

SBA

7(a) Eligible

21d

Avg Funding

P+2.25%

Best Rate

No retainers · Referral fee at closing

FPI Score Breakdown

Growing (10-24 loans)

Medium Confidence
34out of 100
Limited

SBA Lending Performance

SBA Default Rate

16.7%

2 of 12 loans charged off

SBA Loans

12

Total Volume

$1.9M

Active Lenders

10

States

7

Top SBA Lenders for Gingiss Formal Wear

What is the Gingiss Formal Wear franchise?

The Gingiss Formal Wear franchise represents a truly distinguished opportunity within the specialized retail sector, offering a unique and compelling proposition for astute entrepreneurs seeking to align their ambitions with a brand synonymous with enduring elegance and the celebration of significant life milestones. Headquartered in MERCED, CA, this franchise capitalizes on a rich legacy built over decades, positioning itself as a premier and reliable destination for individuals and groups requiring impeccable formal attire for a diverse array of occasions that demand nothing less than sartorial perfection. The brand has meticulously cultivated an enviable reputation for providing unparalleled sartorial excellence, consistently catering to the nuanced and often emotionally charged demands of events such as weddings, highly anticipated proms, sophisticated galas, and various pivotal corporate functions where an impeccable presentation is not merely desired but absolutely paramount. The core philosophy driving the Gingiss Formal Wear franchise transcends the simple act of selling or renting garments; it revolves around delivering complete, memorable experiences, ensuring that each and every client feels profoundly confident, exceptionally comfortable, and perfectly attired for their most special moments. This commitment necessitates a meticulous approach to personalized service, a deep and evolving understanding of current fashion trends, and an unwavering dedication to quality that profoundly resonates with a discerning and often repeat clientele. The strategic market position of the Gingiss Formal Wear franchise is firmly established within the premium segment of the formal wear industry, a niche where rigorous attention to detail, highly personalized fittings, and a comprehensive selection of the latest styles and essential accessories are not just expected but are deeply valued. This precise strategic placement allows the franchise to consistently attract customers who unequivocally prioritize superior quality and expert guidance over mere transactional exchanges, thereby fostering

FPI Score

34/100

SBA Default Rate

16.7%

Active Lenders

10

Key Highlights

Data Insights

Key performance metrics for Gingiss Formal Wear based on SBA lending data

SBA Default Rate

16.7%

2 of 12 loans charged off

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 – $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 — 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

Loan Amount$58K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$754

Principal & Interest only

Locations

Gingiss Formal Wearunit breakdown

Total Units
N/A
Franchisee Owned
System Owned
Closed

Explore Funding for Gingiss Formal Wear

Our business financing consultants help connect you with the right lending partners. No retainers — referral fee paid at closing.

One more step: check the consent box above and type your full legal name as signature to enable submission.

No retainers · Referral fee at closing

Or get an instant analysis

Scan Your Deal Instantly
Gingiss Formal Wear