SBA Loans for First Watch Franchises
Who actually funds First Watch SBA 7(a) deals, and how much they lend. Sourced directly from SBA FOIA records covering every approved 7(a) loan from 2021–2021.
Top lenders funding First Watch SBA loans
Ranked by number of First Watch 7(a) loans approved since 2021.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | Meridian Bank | 1 | $1.0M | $1.0M |
Source: SBA FOIA 7(a) loan-level data, 2021–2021. Shows lenders with at least one approved First Watch loan in this period, ranked by loan count.
First Watch SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| GA | 1 | $1.0M | $1.0M |
First Watch SBA loans by year
SBA lender notes for First Watchfrom the SBA Franchise Directory
1. When the real estate where the franchise business is located will secure the SBA-guaranteed loan, the Addendum to Lease Agreement, not be executed. 2. Lender/CDCmust ensure they obtain the correct lien 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 First Watch 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 First Watch deal to a lender currently funding this brand.
Financing a First Watch franchise?
We know which lenders are actively funding First Watch deals right now and which fit your loan size and location. Pre-qualify and we'll find your match (free to borrowers).