SBA Loans for Gotcha Covered Franchises
Who actually funds Gotcha Covered 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 Gotcha Covered SBA loans
Ranked by number of Gotcha Covered 7(a) loans approved since 2021.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | United Midwest Savings Bank National Association | 26 | $3.8M | $147K |
| 2 | Readycap Lending, LLC | 2 | $227K | $114K |
| 2 | The Huntington National Bank | 2 | $247K | $123K |
| 4 | First Bank of the Lake | 1 | $116K | $116K |
| 4 | Magnifi Financial CU | 1 | $150K | $150K |
| 4 | MainStreet Bank | 1 | $73K | $73K |
Source: SBA FOIA 7(a) loan-level data, 2021 to 2026. Shows lenders with at least one approved Gotcha Covered loan in this period, ranked by loan count.
Gotcha Covered SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| FL | 6 | $847K | $141K |
| TX | 3 | $450K | $150K |
| GA | 3 | $402K | $134K |
| NC | 3 | $381K | $127K |
| PA | 2 | $250K | $125K |
| VA | 2 | $223K | $112K |
| MN | 1 | $200K | $200K |
| NM | 1 | $150K | $150K |
| OH | 1 | $150K | $150K |
| TN | 1 | $150K | $150K |
| WI | 1 | $150K | $150K |
| CA | 1 | $150K | $150K |
| IL | 1 | $150K | $150K |
| IN | 1 | $150K | $150K |
| MI | 1 | $150K | $150K |
| MO | 1 | $150K | $150K |
| ND | 1 | $150K | $150K |
| AR | 1 | $150K | $150K |
Gotcha Covered SBA loans by year
How Gotcha Covered SBA loans have performed
Outcomes for every funded Gotcha Covered 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 Gotcha Covered 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 Gotcha Covered deal to a lender currently funding this brand.
Financing a Gotcha Covered franchise?
We know which lenders are actively funding Gotcha Covered deals right now and which fit your loan size and location. Pre-qualify and we'll find your match (free to borrowers).