SBA Loans for Carstar Franchises
Who actually funds Carstar SBA 7(a) deals, and how much they lend. Sourced directly from SBA FOIA records covering every approved 7(a) loan from 2021–2026.
Top lenders funding Carstar SBA loans
Ranked by number of Carstar 7(a) loans approved since 2021.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | Live Oak Banking Company | 4 | $4.8M | $1.2M |
| 2 | The Huntington National Bank | 3 | $1.9M | $645K |
| 3 | First Commonwealth Bank | 2 | $517K | $258K |
| 3 | First Bank of the Lake | 2 | $3.1M | $1.5M |
| 3 | SouthState Bank, National Association | 2 | $3.5M | $1.8M |
| 6 | Citizens Bank | 1 | $615K | $615K |
| 6 | East West Bank | 1 | $4.4M | $4.4M |
| 6 | First Bank | 1 | $1.3M | $1.3M |
| 6 | NBT Bank, National Association | 1 | $135K | $135K |
| 6 | Newtek Bank, National Association | 1 | $300K | $300K |
| 6 | Readycap Lending, LLC | 1 | $817K | $817K |
| 6 | Simmons Bank | 1 | $2.6M | $2.6M |
| 6 | St. Louis Bank | 1 | $1.8M | $1.8M |
| 6 | T Bank, National Association | 1 | $2.8M | $2.8M |
| 6 | The Bancorp Bank National Association | 1 | $2.9M | $2.9M |
| 6 | BayFirst National Bank | 1 | $150K | $150K |
| 6 | The MINT National Bank | 1 | $1.9M | $1.9M |
| 6 | BMO Bank National Association | 1 | $350K | $350K |
| 6 | Busey Bank | 1 | $416K | $416K |
| 6 | Byline Bank | 1 | $2.4M | $2.4M |
| 6 | Celtic Bank Corporation | 1 | $869K | $869K |
Source: SBA FOIA 7(a) loan-level data, 2021–2026. Shows lenders with at least one approved Carstar loan in this period, ranked by loan count.
Carstar SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| TX | 10 | $17.9M | $1.8M |
| CA | 5 | $6.8M | $1.4M |
| GA | 3 | $4.3M | $1.4M |
| MN | 1 | $2.4M | $2.4M |
| IL | 1 | $1.8M | $1.8M |
| SC | 1 | $1.3M | $1.3M |
| VA | 1 | $1.3M | $1.3M |
| FL | 2 | $600K | $300K |
| OH | 2 | $517K | $258K |
| KS | 1 | $416K | $416K |
| NE | 1 | $350K | $350K |
| NY | 1 | $135K | $135K |
Carstar SBA loans by year
SBA lender notes for Carstarfrom the SBA Franchise Directory
Lender/CDC must ensure that they obtain the correct lien position on all collateral as required pursuant to the SOP 50 10
How to use this
The lenders above have actually closed SBA 7(a) loans for Carstar franchisees, so they already understand the brand's model, unit economics, and franchise agreement. That familiarity usually means a faster, cleaner underwrite than a lender seeing the concept for the first time.
A lender being active historically doesn't mean they're the right fit for your deal size, location, or timing right now. That's where we come in — we match your Carstar deal to a lender currently funding this brand.
Financing a Carstar franchise?
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