SBA Loans for Mr. Appliance Franchises
Who actually funds Mr. Appliance 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 Mr. Appliance SBA loans
Ranked by number of Mr. Appliance 7(a) loans approved since 2021.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | United Midwest Savings Bank National Association | 43 | $6.3M | $148K |
| 2 | Live Oak Banking Company | 4 | $1.2M | $310K |
| 3 | Byline Bank | 3 | $2.7M | $902K |
| 4 | Pathward National Association | 2 | $2.3M | $1.1M |
| 4 | TD Bank, National Association | 2 | $655K | $327K |
| 4 | BayFirst National Bank | 2 | $220K | $110K |
| 7 | Newtek Small Business Finance, Inc. | 1 | $150K | $150K |
| 7 | Northeast Bank | 1 | $350K | $350K |
| 7 | Old National Bank | 1 | $75K | $75K |
| 7 | State Bank of Southern Utah | 1 | $400K | $400K |
| 7 | Waukesha State Bank | 1 | $458K | $458K |
| 7 | First Merchants Bank | 1 | $122K | $122K |
| 7 | Great Plains National Bank | 1 | $375K | $375K |
| 7 | Manufacturers and Traders Trust Company | 1 | $24K | $24K |
| 7 | Minster Bank | 1 | $150K | $150K |
| 7 | Newtek Bank, National Association | 1 | $350K | $350K |
Source: SBA FOIA 7(a) loan-level data, 2021 to 2026. Shows lenders with at least one approved Mr. Appliance loan in this period, ranked by loan count.
Mr. Appliance SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| FL | 7 | $3.5M | $500K |
| TX | 9 | $1.6M | $178K |
| PA | 4 | $1.4M | $356K |
| OH | 2 | $1.1M | $557K |
| AZ | 3 | $1.0M | $348K |
| VA | 3 | $805K | $268K |
| MN | 4 | $600K | $150K |
| IL | 4 | $550K | $138K |
| MI | 4 | $525K | $131K |
| WI | 1 | $458K | $458K |
| UT | 1 | $400K | $400K |
| NC | 2 | $390K | $195K |
| KS | 1 | $375K | $375K |
| AL | 1 | $350K | $350K |
| IN | 2 | $300K | $150K |
| GA | 2 | $300K | $150K |
| MA | 2 | $300K | $150K |
| NJ | 2 | $300K | $150K |
Mr. Appliance SBA loans by year
How Mr. Appliance SBA loans have performed
Outcomes for every funded Mr. Appliance 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 Mr. Appliance 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 Mr. Appliance deal to a lender currently funding this brand.
Financing a Mr. Appliance franchise?
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