SBA Loans for iCode Franchises
Who actually funds iCode 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 iCode SBA loans
Ranked by number of iCode 7(a) loans approved since 2021.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | The Huntington National Bank | 18 | $3.8M | $214K |
| 2 | The First National Bank of McGregor d/b/a TFNB Your Bank for Life | 3 | $388K | $129K |
| 3 | Wells Fargo Bank National Association | 2 | $67K | $34K |
| 3 | IncredibleBank | 2 | $801K | $401K |
| 5 | KeyBank National Association | 1 | $350K | $350K |
| 5 | PNC Bank, National Association | 1 | $385K | $385K |
| 5 | Bank of Clarke | 1 | $445K | $445K |
| 5 | Zions Bank, A Division of | 1 | $125K | $125K |
| 5 | CDC Small Business Finance Corp. | 1 | $310K | $310K |
| 5 | First Bank of the Lake | 1 | $261K | $261K |
| 5 | Idaho Central CU | 1 | $269K | $269K |
Source: SBA FOIA 7(a) loan-level data, 2021 to 2026. Shows lenders with at least one approved iCode loan in this period, ranked by loan count.
iCode SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| TX | 8 | $1.8M | $227K |
| VA | 3 | $805K | $268K |
| AZ | 3 | $600K | $200K |
| CO | 2 | $586K | $293K |
| FL | 2 | $550K | $275K |
| IL | 1 | $500K | $500K |
| MD | 1 | $385K | $385K |
| MI | 2 | $350K | $175K |
| IN | 1 | $350K | $350K |
| CT | 2 | $305K | $153K |
| NC | 2 | $280K | $140K |
| ID | 1 | $269K | $269K |
| NY | 1 | $261K | $261K |
| NV | 1 | $125K | $125K |
| WA | 2 | $67K | $34K |
iCode SBA loans by year
How iCode SBA loans have performed
Outcomes for every funded iCode 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 iCode 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 iCode deal to a lender currently funding this brand.
Financing a iCode franchise?
We know which lenders are actively funding iCode deals right now and which fit your loan size and location. Pre-qualify and we'll find your match (free to borrowers).