SBA Loans for Garage Living Franchises
Who actually funds Garage Living 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 Garage Living SBA loans
Ranked by number of Garage Living 7(a) loans approved since 2021.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | United Midwest Savings Bank National Association | 7 | $1.1M | $150K |
| 2 | The Huntington National Bank | 3 | $1.1M | $379K |
| 3 | CIBC Bank USA | 2 | $1.7M | $833K |
| 4 | 22nd State Bank, A Division of 22nd State Banking Company | 1 | $833K | $833K |
| 4 | Horizon Bank SSB | 1 | $670K | $670K |
| 4 | Northeast Bank | 1 | $350K | $350K |
Source: SBA FOIA 7(a) loan-level data, 2021 to 2026. Shows lenders with at least one approved Garage Living loan in this period, ranked by loan count.
Garage Living SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| FL | 6 | $3.7M | $616K |
| TX | 1 | $670K | $670K |
| NJ | 1 | $350K | $350K |
| OH | 2 | $238K | $119K |
| AR | 1 | $150K | $150K |
| VA | 1 | $150K | $150K |
| GA | 1 | $150K | $150K |
| MO | 1 | $150K | $150K |
| UT | 1 | $150K | $150K |
Garage Living SBA loans by year
How Garage Living SBA loans have performed
Outcomes for every funded Garage Living 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.
How to use this
The lenders above have actually closed SBA 7(a) loans for Garage Living 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 Garage Living deal to a lender currently funding this brand.
Financing a Garage Living franchise?
We know which lenders are actively funding Garage Living deals right now and which fit your loan size and location. Pre-qualify and we'll find your match (free to borrowers).