SBA Loans for Iron 24 Franchises
Who actually funds Iron 24 SBA 7(a) deals, and how much they lend. Sourced directly from SBA FOIA records covering every approved 7(a) loan from 2023 to 2025.
Top lenders funding Iron 24 SBA loans
Ranked by number of Iron 24 7(a) loans approved since 2023.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | The Huntington National Bank | 6 | $1.4M | $236K |
| 2 | Citizens Bank | 1 | $481K | $481K |
| 2 | Midland States Bank | 1 | $25K | $25K |
Source: SBA FOIA 7(a) loan-level data, 2023 to 2025. Shows lenders with at least one approved Iron 24 loan in this period, ranked by loan count.
Iron 24 SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| NJ | 2 | $608K | $304K |
| MI | 2 | $530K | $265K |
| TN | 1 | $481K | $481K |
| TX | 2 | $279K | $140K |
| IN | 1 | $25K | $25K |
Iron 24 SBA loans by year
How Iron 24 SBA loans have performed
Outcomes for every funded Iron 24 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 Iron 24 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 Iron 24 deal to a lender currently funding this brand.
Financing a Iron 24 franchise?
We know which lenders are actively funding Iron 24 deals right now and which fit your loan size and location. Pre-qualify and we'll find your match (free to borrowers).