SBA Loans for Mr. Electric Franchises
Who actually funds Mr. Electric SBA 7(a) deals, and how much they lend. Sourced directly from SBA FOIA records covering every approved 7(a) loan from 2021–2026.
Top lenders funding Mr. Electric SBA loans
Ranked by number of Mr. Electric 7(a) loans approved since 2021.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | United Midwest Savings Bank National Association | 53 | $11.0M | $207K |
| 2 | Newtek Small Business Finance, Inc. | 4 | $526K | $132K |
| 2 | The Huntington National Bank | 4 | $492K | $123K |
| 4 | BayFirst National Bank | 3 | $288K | $96K |
| 5 | Wilmington Savings Fund Society FSB | 2 | $480K | $240K |
| 5 | Highland Bank | 2 | $370K | $185K |
| 7 | First Command Bank | 1 | $208K | $208K |
| 7 | First Farmers and Merchants Bank | 1 | $102K | $102K |
| 7 | First Internet Bank of Indiana | 1 | $368K | $368K |
| 7 | Byline Bank | 1 | $565K | $565K |
| 7 | Mission Valley Bank | 1 | $288K | $288K |
| 7 | Citizens Bank | 1 | $401K | $401K |
| 7 | The Fidelity Bank | 1 | $190K | $190K |
| 7 | CenTrust Bank, A Division of SmartBiz Bank National Association | 1 | $150K | $150K |
| 7 | TowneBank | 1 | $882K | $882K |
| 7 | Capital Bank, National Association | 1 | $250K | $250K |
| 7 | Colony Bank | 1 | $150K | $150K |
Source: SBA FOIA 7(a) loan-level data, 2021–2026. Shows lenders with at least one approved Mr. Electric loan in this period, ranked by loan count.
Mr. Electric SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| CA | 12 | $2.6M | $214K |
| NC | 7 | $2.3M | $322K |
| PA | 5 | $1.1M | $228K |
| FL | 6 | $1.1M | $188K |
| SC | 7 | $1.1M | $153K |
| MD | 4 | $973K | $243K |
| TX | 4 | $818K | $205K |
| GA | 3 | $650K | $217K |
| KY | 2 | $551K | $276K |
| MA | 2 | $510K | $255K |
| NV | 2 | $510K | $255K |
| NY | 2 | $405K | $203K |
| TN | 3 | $402K | $134K |
| MN | 2 | $370K | $185K |
| NH | 1 | $288K | $288K |
Mr. Electric SBA loans by year
How to use this
The lenders above have actually closed SBA 7(a) loans for Mr. Electric 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 — we match your Mr. Electric deal to a lender currently funding this brand.
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