SBA Loans for Upgrade Labs Franchises
Who actually funds Upgrade Labs SBA 7(a) deals, and how much they lend. Sourced directly from SBA FOIA records covering every approved 7(a) loan from 2023 to 2026.
Top lenders funding Upgrade Labs SBA loans
Ranked by number of Upgrade Labs 7(a) loans approved since 2023.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | Craft Bank | 3 | $2.3M | $765K |
| 2 | Celtic Bank Corporation | 2 | $1.1M | $550K |
Source: SBA FOIA 7(a) loan-level data, 2023 to 2026. Shows lenders with at least one approved Upgrade Labs loan in this period, ranked by loan count.
Upgrade Labs SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| UT | 3 | $1.6M | $542K |
| CO | 1 | $1.2M | $1.2M |
| ID | 1 | $600K | $600K |
Upgrade Labs SBA loans by year
How Upgrade Labs SBA loans have performed
Outcomes for every funded Upgrade Labs 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 Upgrade Labs 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 Upgrade Labs deal to a lender currently funding this brand.
Financing a Upgrade Labs franchise?
We know which lenders are actively funding Upgrade Labs deals right now and which fit your loan size and location. Pre-qualify and we'll find your match (free to borrowers).