SBA Loans for No-H2O Franchises
Who actually funds No-H2O SBA 7(a) deals, and how much they lend. Sourced directly from SBA FOIA records covering every approved 7(a) loan from 2022 to 2023.
Top lenders funding No-H2O SBA loans
Ranked by number of No-H2O 7(a) loans approved since 2022.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | The Huntington National Bank | 3 | $551K | $184K |
| 2 | First Bank of the Lake | 1 | $302K | $302K |
| 2 | PNC Bank, National Association | 1 | $20K | $20K |
| 2 | Stock Yards Bank & Trust Company | 1 | $51K | $51K |
| 2 | United Midwest Savings Bank National Association | 1 | $150K | $150K |
Source: SBA FOIA 7(a) loan-level data, 2022 to 2023. Shows lenders with at least one approved No-H2O loan in this period, ranked by loan count.
No-H2O SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| IL | 3 | $551K | $184K |
| GA | 1 | $302K | $302K |
| AZ | 1 | $150K | $150K |
| IN | 1 | $51K | $51K |
| PA | 1 | $20K | $20K |
No-H2O SBA loans by year
How No-H2O SBA loans have performed
Outcomes for every funded No-H2O 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 No-H2O 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 No-H2O deal to a lender currently funding this brand.
Financing a No-H2O franchise?
We know which lenders are actively funding No-H2O deals right now and which fit your loan size and location. Pre-qualify and we'll find your match (free to borrowers).