SBA Loans for Culver's Franchises
Who actually funds Culver's SBA 7(a) deals, and how much they lend. Sourced directly from SBA FOIA records covering every approved 7(a) loan from 2021 to 2026.
Top lenders funding Culver's SBA loans
Ranked by number of Culver's 7(a) loans approved since 2021.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | Bank Five Nine | 42 | $48.0M | $1.1M |
| 2 | Wells Fargo Bank National Association | 6 | $21.2M | $3.5M |
| 2 | Bank First, N.A. | 6 | $7.0M | $1.2M |
| 2 | Live Oak Banking Company | 6 | $14.8M | $2.5M |
| 5 | The Huntington National Bank | 5 | $6.3M | $1.3M |
| 6 | Fifth Third Bank | 4 | $9.8M | $2.4M |
| 6 | United Community Bank | 4 | $6.6M | $1.6M |
| 8 | TD Bank, National Association | 3 | $7.8M | $2.6M |
| 8 | Regions Bank | 3 | $824K | $275K |
| 10 | Bank of Utah | 2 | $1.6M | $786K |
| 10 | Everwise Credit Union | 2 | $95K | $48K |
| 10 | Heritage Bank of the Ozarks | 2 | $827K | $413K |
| 10 | JPMorgan Chase Bank, National Association | 2 | $611K | $305K |
| 10 | Alerus Financial, National Association | 2 | $5.0M | $2.5M |
| 10 | PNC Bank, National Association | 2 | $7.7M | $3.9M |
Source: SBA FOIA 7(a) loan-level data, 2021 to 2026. Shows lenders with at least one approved Culver's loan in this period, ranked by loan count.
Culver's SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| FL | 23 | $48.2M | $2.1M |
| NC | 10 | $15.5M | $1.5M |
| WI | 10 | $10.8M | $1.1M |
| TX | 4 | $9.4M | $2.4M |
| MO | 5 | $9.1M | $1.8M |
| IN | 4 | $7.6M | $1.9M |
| MN | 6 | $7.2M | $1.2M |
| AL | 3 | $7.0M | $2.3M |
| GA | 5 | $5.4M | $1.1M |
| MI | 5 | $5.4M | $1.1M |
| UT | 4 | $5.3M | $1.3M |
| ND | 2 | $5.0M | $2.5M |
| IL | 7 | $4.8M | $685K |
| AR | 3 | $4.5M | $1.5M |
| SC | 2 | $4.3M | $2.2M |
Culver's SBA loans by year
How Culver's SBA loans have performed
Outcomes for every funded Culver's 7(a) loan approved since FY2010. Each SBA loan usually finances one location, so read these as an estimate of units.
Source: SBA FOIA 7(a) loan-level data. Defaulted means the SBA purchased the guaranty (charged off, or purchased and not yet charged off). Recent loans have had less time to default, and small loan counts swing widely, so one or two loans can move these percentages a lot.
SBA lender notes for Culver'sfrom the SBA Franchise Directory
When the Real Estate where the franchise business is located will secure the SBA-guaranteed loan, the Lease Addendum and Collateral Assignment of Lease may not be executed.
How to use this
The lenders above have actually closed SBA 7(a) loans for Culver's 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, and we match your Culver's deal to a lender currently funding this brand.
Financing a Culver's franchise?
We know which lenders are actively funding Culver's deals right now and which fit your loan size and location. Pre-qualify and we'll find your match (free to borrowers).