SBA Loans for iSmash Franchises
Who actually funds iSmash SBA 7(a) deals, and how much they lend. Sourced directly from SBA FOIA records covering every approved 7(a) loan from 2025 to 2026.
Top lenders funding iSmash SBA loans
Ranked by number of iSmash 7(a) loans approved since 2025.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | Quaint Oak Bank | 5 | $2.4M | $489K |
| 2 | The Huntington National Bank | 4 | $780K | $195K |
| 3 | Manufacturers and Traders Trust Company | 2 | $523K | $261K |
| 3 | Citizens Bank | 2 | $1.1M | $526K |
| 3 | VelocitySBA, LLC | 2 | $1.2M | $593K |
| 6 | The Bancorp Bank National Association | 1 | $763K | $763K |
| 6 | Newtek Bank, National Association | 1 | $25K | $25K |
| 6 | Falcon National Bank | 1 | $500K | $500K |
| 6 | Horizon Bank | 1 | $280K | $280K |
| 6 | Capital Bank, National Association | 1 | $580K | $580K |
| 6 | TD Bank, National Association | 1 | $575K | $575K |
Source: SBA FOIA 7(a) loan-level data, 2025 to 2026. Shows lenders with at least one approved iSmash loan in this period, ranked by loan count.
iSmash SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| TX | 3 | $1.5M | $500K |
| NC | 2 | $1.2M | $619K |
| NJ | 3 | $975K | $325K |
| PA | 3 | $835K | $278K |
| CA | 1 | $765K | $765K |
| IL | 1 | $633K | $633K |
| FL | 1 | $580K | $580K |
| WA | 1 | $550K | $550K |
| VA | 1 | $500K | $500K |
| UT | 1 | $420K | $420K |
| GA | 1 | $385K | $385K |
| MI | 1 | $280K | $280K |
| NY | 2 | $48K | $24K |
iSmash SBA loans by year
How iSmash SBA loans have performed
Outcomes for every funded iSmash 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 iSmash 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 iSmash deal to a lender currently funding this brand.
Financing a iSmash franchise?
We know which lenders are actively funding iSmash deals right now and which fit your loan size and location. Pre-qualify and we'll find your match (free to borrowers).