Brightway Insurance vs Padgett Business Services
Franchise Comparison 2026
Both Brightway Insurance and Padgett Business Services are financial services franchises. Brightway Insurance requires an investment of $43K – $187K while Padgett Business Services requires $117K – $117K. On SBA loan performance, Padgett Business Services has a lower charge-off rate (8.7%) compared to Brightway Insurance (18.2%). FranchiseVerdict rates Brightway Insurance B (Above average) and Padgett Business Services A (Strongest tier).
| Metric | Brightway Insurance | Padgett Business Services |
|---|---|---|
| Verdict Grade | BAbove averageAbove average | AStrongest tierStrongest tier |
| Investment Range | $43K – $187K | $117K – $117K |
| Franchise Fee | $25K | $63K |
| Royalty Rate | No traditional royalty; instead Brightway retains 20% of Brightway Sales Commissions on New Business (franchisee retains 80%) and 50% on Renewal Business (franchisee retains 50%), paid directly by Contracted Companies to Brightway. | Greater of 9% of Gross Receipts OR minimum monthly amounts (startup): $100-$1,700/mo escalating over term; conversion franchises pay 9% (5% year 1, 6.5% year 2 if timely); Padgett intends to increase to 12% effective Jan 1, 2027 |
| Average Revenue (Item 19) | N/AOutlet subset | N/A |
| SBA Charge-Off Rate | 18.2% (11 loans) | 8.7% (65 loans) |
| Total Units | 354 | 167 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2008 | 1988 |
| FDD Year | 2026 | 2025 |
Brightway Insurance
BAbove averageAbove average
Padgett Business Services
AStrongest tierStrongest tier
Investment Range
$43K – $187K
$117K – $117K
Franchise Fee
$25K
$63K
Royalty Rate
No traditional royalty; instead Brightway retains 20% of Brightway Sales Commissions on New Business (franchisee retains 80%) and 50% on Renewal Business (franchisee retains 50%), paid directly by Contracted Companies to Brightway.
Greater of 9% of Gross Receipts OR minimum monthly amounts (startup): $100-$1,700/mo escalating over term; conversion franchises pay 9% (5% year 1, 6.5% year 2 if timely); Padgett intends to increase to 12% effective Jan 1, 2027
Average Revenue (Item 19)
N/AOutlet subset
N/A
SBA Charge-Off Rate
18.2% (11 loans)
8.7% (65 loans)
Total Units
354
167
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2008
1988
FDD Year
2026
2025