Top Banks for Small Business Franchise Loans

Last quarterly update: Mar 12, 2018

How do your finance a franchise?

First step is to reach out to banks who understand your business. Some SBA banks specialize in certain industries and/or specific franchises, so it’s always a good idea to review who the big players are in franchise lenders so you do not waste time with bankers who do not get your business and who ultimately will not lend to your business. Most franchisors have a few pocket banks to which they will refer their franchisees for a loan, but it is always a good idea to look broadly nationwide at recent loan activities.

Here are the most active banks for franchisee lending in America along with some of their favorite franchises:

RankBankBank Name / Franchise Name# of LoansAvg LoanAvg RateAvg Term
1Stearns BankStearns Bank466$248,0026.8%122
Supercuts19$120,0686.8%109
Fedex Ground11$469,1006.9%121
Club Pilates11$148,8916.7%123
ILOVEKICKBOXING.COM11$198,6096.9%123
2Wells FargoWells Fargo336$543,7116.2%137
Anytime Fitness32$479,0256.4%117
Jimmy John'S15$549,8206.2%150
Orange Theory Fitness13$608,6086.2%134
The Goddard School10$1,484,4205.3%206
3The Huntington National BankHuntington National244$346,8456.4%114
Subway7$82,8576.0%81
Anytime Fitness6$209,6176.3%92
X-Golf6$283,1837.0%102
Ace Hardware5$904,0006.3%138
4Celtic BankCeltic Bank223$360,4546.6%137
Experimac14$150,0006.6%120
Mr. Appliance6$195,9006.8%120
Patrice & Associates6$129,1676.6%120
Tutor Doctor5$140,0006.6%120
5Spirit of Texas BankSpirit of Texas Bank197$346,6136.4%125
European Wax Center32$380,6316.4%119
Sport Clips31$223,2266.4%119
Club Pilates20$236,7706.5%120
Amazing Lash Studio13$370,7386.4%120
6JPMorgan Chase BankJPMorgan Chase Bank141$342,4666.3%105
Jimmy John'S5$417,3404.7%115
Orange Theory Fitness4$337,5005.5%123
Fedex Ground4$568,5755.8%112
7United Midwest Savings BankUnited Midwest Savings Bank138$260,8516.9%129
Signarama9$150,0006.9%120
Five Star Painting7$123,3337.0%120
Tutor Doctor4$145,0007.0%120
8U.S. BankU.S. Bank86$396,8176.7%125
Anytime Fitness5$269,8006.6%120
The Ups Store4$144,4756.4%120
MASSAGE ENVY4$313,7256.3%120
9TD BankTD Bank81$414,0248.0%106
The Ups Store5$90,2005.2%113
Subway4$255,0007.4%123
10Radius BankRadius Bank79$679,9086.7%132
Orange Theory Fitness19$787,7746.6%124
Massage Envy6$1,069,3836.5%117
11M&TM&T69$275,0346.9%94
Ilovekickboxing.Com3$138,3336.5%94
Kiddie Academy3$496,5506.4%90
12Byline BankByline Bank64$932,0296.7%162
Dickey'S Barbecue Pit11$428,0546.7%123
13Newtek Small Business FinanceNewtek Small Business57$619,9236.8%150
True Value Hardware4$500,0006.6%252
14United Community BankUnited Community Bank56$747,2556.5%147
Ilovekickboxing.Com5$287,8006.7%125
15KeyBankKeyBank53$649,7456.4%140
Subway4$128,7506.8%94
16Live OakLive Oak48$2,100,9436.2%206
Ameriprise Financial23$474,0916.6%120
17Compass BankCompass Bank45$978,3456.0%150
The Goddard School6$3,165,8335.0%310
18BankUnitedBankUnited43$1,640,4416.2%231
Best Western Inn5$2,351,8006.0%300
19NOA BankNOA Bank41$1,301,5175.9%259
QUALITY INN/QUALITY SUITES, HO5$1,440,0006.0%300
20Bank of GeorgeBank of George41$2,015,1606.1%300
Quality Inn/Quality Suites, Ho10$2,122,7005.4%300
Super 88$1,412,0005.9%300
21SunTrust BankSunTrust Bank39$794,1156.2%137
Allegra Network3$427,0006.1%108
22First Home BankFirst Home Bank39$236,0616.8%120
Party Princess Productions2$904,0006.8%120
23PNC BankPNC Bank38$194,3256.7%91
CycleBar4$400,2506.8%96
24Citizens BankCitizens Bank36$959,2386.4%171
Marco'S Pizza5$326,5506.6%124
25The Bancorp BankThe Bancorp Bank36$635,1166.5%145
Fantastic Sams15$210,3076.6%136

 

 

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