Top Rail
The total investment to open a Top Rail franchise ranges from $367,143 to $542,820. The initial franchise fee is $59,900. Ongoing royalties are 5% plus a 2% advertising fee.
What is the Top Rail franchise?
Top Rail is a fencing installation and repair business for property owners. The estimated total initial investment is $367,143 to $542,820, and the initial franchise fee is $59,900.
The royalty is 5 percent of sales, and the advertising or brand fund fee is 2 percent. The franchise agreement lasts 10 years.
Top Rail is headquartered in Greenville, SC. The business was founded in 2014 and began franchising in 2025.
Loan Activity Score
68/100
SBA Default Rate
0.0%
Active Lenders
6
According to its Franchise Disclosure Document or public business records, Top Rail has 16 locations, all owned by franchisees. Public SBA loan records show 6 lenders made 23 loans to franchisees of Top Rail. PeerSense calculates Top Rail's score as 68 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2025 Franchise Disclosure Document.
Franchising since 2014 · 16 locations
$367,143 to $542,820
$59,900
16
16 franchised
Proprietary PeerSense metric
StrongDistinct lenders in public SBA records for Top Rail
23
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 Top Rail
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
0.0%
vs 7.6% peer avg
SBA Loans
23
Total Volume
$3.7M
Active Lenders
6
3 selective
States
12
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 Top Rail based on SBA lending data
SBA Default Rate
0.0%
7.6% below peer avg
SBA Loan Volume
23 loans
Across 6 lenders
Lender Diversity
6 lenders
Avg 3.8 loans per lender
Investment Tier
Significant investment
$367,143 to $542,820 total
Top Rail: 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
2025
11 approvals. The best year on record for Top Rail.
Top SBA State
Ohio
4 SBA financed Top Rail locations, the densest operator footprint.
Average Loan Size
$162K
Median $180K. Use as a sizing anchor when modeling your own Top Rail unit.
Lender Concentration
87%
Concentrated
Share of Top Rail approvals captured by the top 3 SBA lenders.
Top Rail's SBA lending pipeline peaked in 2025 (11 approvals). The last five fiscal years account for 100% of cumulative volume ($3.7M approved). Operator density is highest in Ohio with 4 SBA financed locations. Average funded ticket sits at $162K, with the median at $180K. Lender mix is concentrated: the top three SBA lenders account for 87% of approvals. Credit decisions concentrate with a small group of incumbents.
Payment Estimator
Estimated Monthly Payment
$3,801
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
Top Rail, unit breakdown
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Scan Your Deal Instantly4 FDDs Available for Top Rail
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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; 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