SBA Loans for Plato's Closet Franchises
Who actually funds Plato's Closet 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 Plato's Closet SBA loans
Ranked by number of Plato's Closet 7(a) loans approved since 2021.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | The Huntington National Bank | 6 | $2.0M | $331K |
| 2 | Pinnacle Bank | 4 | $3.5M | $863K |
| 3 | Live Oak Banking Company | 3 | $2.0M | $683K |
| 4 | First Resource Bank | 2 | $445K | $223K |
| 4 | Glacier Bank | 2 | $600K | $300K |
| 4 | Citizens Bank | 2 | $956K | $478K |
| 4 | United Community Bank | 2 | $373K | $187K |
| 4 | Regions Bank | 2 | $1.9M | $958K |
| 9 | KeyBank National Association | 1 | $998K | $998K |
| 9 | Numerica CU | 1 | $475K | $475K |
| 9 | Old National Bank | 1 | $467K | $467K |
| 9 | PNC Bank, National Association | 1 | $430K | $430K |
| 9 | River City Bank | 1 | $625K | $625K |
| 9 | Southern Bank | 1 | $370K | $370K |
| 9 | SouthState Bank, National Association | 1 | $500K | $500K |
| 9 | TD Bank, National Association | 1 | $500K | $500K |
| 9 | The First Bank and Trust Company | 1 | $722K | $722K |
| 9 | U.S. Bank, National Association | 1 | $330K | $330K |
| 9 | VelocitySBA, LLC | 1 | $1.8M | $1.8M |
| 9 | Wells Fargo Bank National Association | 1 | $721K | $721K |
| 9 | Westerly Community CU | 1 | $250K | $250K |
| 9 | Western Bank | 1 | $285K | $285K |
| 9 | Beacon Bank and Trust | 1 | $445K | $445K |
| 9 | Wyoming Capital Access | 1 | $152K | $152K |
| 9 | Enterprise Bank | 1 | $345K | $345K |
| 9 | Everwise Credit Union | 1 | $148K | $148K |
| 9 | First Bank of the Lake | 1 | $500K | $500K |
| 9 | First Internet Bank of Indiana | 1 | $659K | $659K |
| 9 | Grasshopper Bank National Association | 1 | $707K | $707K |
| 9 | HomeTrust Bank | 1 | $630K | $630K |
| 9 | iTHINK Financial Credit Union | 1 | $620K | $620K |
Source: SBA FOIA 7(a) loan-level data, 2021–2026. Shows lenders with at least one approved Plato's Closet loan in this period, ranked by loan count.
Plato's Closet SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| VA | 2 | $3.1M | $1.5M |
| TX | 7 | $3.0M | $427K |
| TN | 2 | $1.9M | $972K |
| VT | 1 | $1.8M | $1.8M |
| NC | 5 | $1.7M | $349K |
| GA | 3 | $1.7M | $552K |
| CA | 2 | $1.6M | $775K |
| NY | 2 | $1.5M | $749K |
| FL | 2 | $1.2M | $612K |
| MI | 2 | $944K | $472K |
| SC | 3 | $847K | $282K |
| NE | 1 | $721K | $721K |
| UT | 2 | $600K | $300K |
| AR | 1 | $504K | $504K |
| WA | 1 | $475K | $475K |
Plato's Closet SBA loans by year
How to use this
The lenders above have actually closed SBA 7(a) loans for Plato's Closet 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 Plato's Closet deal to a lender currently funding this brand.
Financing a Plato's Closet franchise?
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