SBA Loans for The Spice & Tea Exchange Franchises
Who actually funds The Spice & Tea Exchange SBA 7(a) deals, and how much they lend. Sourced directly from SBA FOIA records covering every approved 7(a) loan from 2021 to 2025.
Top lenders funding The Spice & Tea Exchange SBA loans
Ranked by number of The Spice & Tea Exchange 7(a) loans approved since 2021.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | The Huntington National Bank | 9 | $1.7M | $187K |
| 2 | First Bank of the Lake | 2 | $575K | $288K |
| 2 | Manufacturers and Traders Trust Company | 2 | $286K | $143K |
| 4 | 22nd State Bank, A Division of 22nd State Banking Company | 1 | $230K | $230K |
| 4 | Members Cooperative Credit Union | 1 | $290K | $290K |
| 4 | Readycap Lending, LLC | 1 | $500K | $500K |
| 4 | First Merchants Bank | 1 | $350K | $350K |
| 4 | ACC Capital | 1 | $260K | $260K |
| 4 | Cogent Bank | 1 | $241K | $241K |
Source: SBA FOIA 7(a) loan-level data, 2021 to 2025. Shows lenders with at least one approved The Spice & Tea Exchange loan in this period, ranked by loan count.
The Spice & Tea Exchange SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| IN | 3 | $750K | $250K |
| FL | 2 | $606K | $303K |
| OH | 4 | $600K | $150K |
| MI | 3 | $590K | $197K |
| CT | 1 | $500K | $500K |
| TN | 1 | $300K | $300K |
| MN | 1 | $290K | $290K |
| MD | 2 | $286K | $143K |
| AR | 1 | $260K | $260K |
| NC | 1 | $230K | $230K |
The Spice & Tea Exchange SBA loans by year
How The Spice & Tea Exchange SBA loans have performed
Outcomes for every funded The Spice & Tea Exchange 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 The Spice & Tea Exchange 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 The Spice & Tea Exchange deal to a lender currently funding this brand.
Financing a The Spice & Tea Exchange franchise?
We know which lenders are actively funding The Spice & Tea Exchange deals right now and which fit your loan size and location. Pre-qualify and we'll find your match (free to borrowers).