PRE-QUALIFY for a SBA Loan for your Franchise
Last quarterly update:
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:
| Rank | Bank | Bank Name / Franchise Name | # of Loans | Avg Loan | Avg Rate | Avg Term |
|---|---|---|---|---|---|---|
| 1 | Stearns Bank | Stearns Bank | 466 | $248,002 | 6.8% | 122 |
| Supercuts | 19 | $120,068 | 6.8% | 109 | ||
| Fedex Ground | 11 | $469,100 | 6.9% | 121 | ||
| Club Pilates | 11 | $148,891 | 6.7% | 123 | ||
| ILOVEKICKBOXING.COM | 11 | $198,609 | 6.9% | 123 | ||
| 2 | Wells Fargo | Wells Fargo | 336 | $543,711 | 6.2% | 137 |
| Anytime Fitness | 32 | $479,025 | 6.4% | 117 | ||
| Jimmy John'S | 15 | $549,820 | 6.2% | 150 | ||
| Orange Theory Fitness | 13 | $608,608 | 6.2% | 134 | ||
| The Goddard School | 10 | $1,484,420 | 5.3% | 206 | ||
| 3 | The Huntington National Bank | Huntington National | 244 | $346,845 | 6.4% | 114 |
| Subway | 7 | $82,857 | 6.0% | 81 | ||
| Anytime Fitness | 6 | $209,617 | 6.3% | 92 | ||
| X-Golf | 6 | $283,183 | 7.0% | 102 | ||
| Ace Hardware | 5 | $904,000 | 6.3% | 138 | ||
| 4 | Celtic Bank | Celtic Bank | 223 | $360,454 | 6.6% | 137 |
| Experimac | 14 | $150,000 | 6.6% | 120 | ||
| Mr. Appliance | 6 | $195,900 | 6.8% | 120 | ||
| Patrice & Associates | 6 | $129,167 | 6.6% | 120 | ||
| Tutor Doctor | 5 | $140,000 | 6.6% | 120 | ||
| 5 | Spirit of Texas Bank | Spirit of Texas Bank | 197 | $346,613 | 6.4% | 125 |
| European Wax Center | 32 | $380,631 | 6.4% | 119 | ||
| Sport Clips | 31 | $223,226 | 6.4% | 119 | ||
| Club Pilates | 20 | $236,770 | 6.5% | 120 | ||
| Amazing Lash Studio | 13 | $370,738 | 6.4% | 120 | ||
| 6 | JPMorgan Chase Bank | JPMorgan Chase Bank | 141 | $342,466 | 6.3% | 105 |
| Jimmy John'S | 5 | $417,340 | 4.7% | 115 | ||
| Orange Theory Fitness | 4 | $337,500 | 5.5% | 123 | ||
| Fedex Ground | 4 | $568,575 | 5.8% | 112 | ||
| 7 | United Midwest Savings Bank | United Midwest Savings Bank | 138 | $260,851 | 6.9% | 129 |
| Signarama | 9 | $150,000 | 6.9% | 120 | ||
| Five Star Painting | 7 | $123,333 | 7.0% | 120 | ||
| Tutor Doctor | 4 | $145,000 | 7.0% | 120 | ||
| 8 | U.S. Bank | U.S. Bank | 86 | $396,817 | 6.7% | 125 |
| Anytime Fitness | 5 | $269,800 | 6.6% | 120 | ||
| The Ups Store | 4 | $144,475 | 6.4% | 120 | ||
| MASSAGE ENVY | 4 | $313,725 | 6.3% | 120 | ||
| 9 | TD Bank | TD Bank | 81 | $414,024 | 8.0% | 106 |
| The Ups Store | 5 | $90,200 | 5.2% | 113 | ||
| Subway | 4 | $255,000 | 7.4% | 123 | ||
| 10 | Radius Bank | Radius Bank | 79 | $679,908 | 6.7% | 132 |
| Orange Theory Fitness | 19 | $787,774 | 6.6% | 124 | ||
| Massage Envy | 6 | $1,069,383 | 6.5% | 117 | ||
| 11 | M&T | M&T | 69 | $275,034 | 6.9% | 94 |
| Ilovekickboxing.Com | 3 | $138,333 | 6.5% | 94 | ||
| Kiddie Academy | 3 | $496,550 | 6.4% | 90 | ||
| 12 | Byline Bank | Byline Bank | 64 | $932,029 | 6.7% | 162 |
| Dickey'S Barbecue Pit | 11 | $428,054 | 6.7% | 123 | ||
| 13 | Newtek Small Business Finance | Newtek Small Business | 57 | $619,923 | 6.8% | 150 |
| True Value Hardware | 4 | $500,000 | 6.6% | 252 | ||
| 14 | United Community Bank | United Community Bank | 56 | $747,255 | 6.5% | 147 |
| Ilovekickboxing.Com | 5 | $287,800 | 6.7% | 125 | ||
| 15 | KeyBank | KeyBank | 53 | $649,745 | 6.4% | 140 |
| Subway | 4 | $128,750 | 6.8% | 94 | ||
| 16 | Live Oak | Live Oak | 48 | $2,100,943 | 6.2% | 206 |
| Ameriprise Financial | 23 | $474,091 | 6.6% | 120 | ||
| 17 | Compass Bank | Compass Bank | 45 | $978,345 | 6.0% | 150 |
| The Goddard School | 6 | $3,165,833 | 5.0% | 310 | ||
| 18 | BankUnited | BankUnited | 43 | $1,640,441 | 6.2% | 231 |
| Best Western Inn | 5 | $2,351,800 | 6.0% | 300 | ||
| 19 | NOA Bank | NOA Bank | 41 | $1,301,517 | 5.9% | 259 |
| QUALITY INN/QUALITY SUITES, HO | 5 | $1,440,000 | 6.0% | 300 | ||
| 20 | Bank of George | Bank of George | 41 | $2,015,160 | 6.1% | 300 |
| Quality Inn/Quality Suites, Ho | 10 | $2,122,700 | 5.4% | 300 | ||
| Super 8 | 8 | $1,412,000 | 5.9% | 300 | ||
| 21 | SunTrust Bank | SunTrust Bank | 39 | $794,115 | 6.2% | 137 |
| Allegra Network | 3 | $427,000 | 6.1% | 108 | ||
| 22 | First Home Bank | First Home Bank | 39 | $236,061 | 6.8% | 120 |
| Party Princess Productions | 2 | $904,000 | 6.8% | 120 | ||
| 23 | PNC Bank | PNC Bank | 38 | $194,325 | 6.7% | 91 |
| CycleBar | 4 | $400,250 | 6.8% | 96 | ||
| 24 | Citizens Bank | Citizens Bank | 36 | $959,238 | 6.4% | 171 |
| Marco'S Pizza | 5 | $326,550 | 6.6% | 124 | ||
| 25 | The Bancorp Bank | The Bancorp Bank | 36 | $635,116 | 6.5% | 145 |
| Fantastic Sams | 15 | $210,307 | 6.6% | 136 |