South Bend Chocolate Company I
The total investment to open a South Bend Chocolate Company I franchise ranges from $85,700 to $676,460. The initial franchise fee is $55,000.
What is the South Bend Chocolate Company I franchise?
South Bend Chocolate Company I is a full service restaurant where customers can buy chocolate and dine. The estimated total initial investment is $85,700 to $676,460, and the initial franchise fee is $55,000.
The company was founded in 1991 and is headquartered in IN.
Loan Activity Score
23/100
SBA Default Rate
33.3%
Active Lenders
3
According to its Franchise Disclosure Document or public business records, South Bend Chocolate Company I has 2 locations, all owned by franchisees. Public SBA loan records show 3 lenders made 3 loans to franchisees of South Bend Chocolate Company I. PeerSense calculates South Bend Chocolate Company I's score as 23 out of 100, using public SBA loan performance and recent lending activity.
Franchising since 1991 · 2 locations
$85,700 to $676,460
$55,000
2
2 franchised
Proprietary PeerSense metric
LimitedDistinct lenders in public SBA records for South Bend Chocolate Company I
3
Total SBA loans
$180K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for South Bend Chocolate Company I
Loan Activity Score Breakdown
Emerging (3 to 9 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
33.3%
vs 10.3% peer avg
SBA Loans
3
Total Volume
$0.5M
Active Lenders
3
States
3
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 South Bend Chocolate Company I based on SBA lending data
SBA Default Rate
33.3%
23.0% above peer avg
SBA Loan Volume
3 loans
Across 3 lenders
Lender Diversity
3 lenders
Avg 1.0 loans per lender
Investment Tier
Significant investment
$85,700 to $676,460 total
South Bend Chocolate Company I: 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
2008
1 approval. The best year on record for South Bend Chocolate Company I.
Top SBA State
Michigan
1 SBA financed South Bend Chocolate Company I locations, the densest operator footprint.
Average Loan Size
$180K
Median $192K. Use as a sizing anchor when modeling your own South Bend Chocolate Company I unit.
Lender Concentration
100%
Concentrated
Share of South Bend Chocolate Company I approvals captured by the top 3 SBA lenders.
South Bend Chocolate Company I's SBA lending pipeline peaked in 2008 (1 approval). Operator density is highest in Michigan with 1 SBA financed locations. Average funded ticket sits at $180K, with the median at $192K. Lender mix is concentrated: the top three SBA lenders account for 100% of approvals. Credit decisions concentrate with a small group of incumbents.
Payment Estimator
Estimated Monthly Payment
$887
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
South Bend Chocolate Company I, unit breakdown
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Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and 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