SBA Loans for Waxing the City Franchises
Who actually funds Waxing the City SBA 7(a) deals, and how much they lend. Sourced directly from SBA FOIA records covering every approved 7(a) loan from 2021 to 2026.
Top lenders funding Waxing the City SBA loans
Ranked by number of Waxing the City 7(a) loans approved since 2021.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | Platinum Bank | 25 | $10.9M | $436K |
| 2 | The Huntington National Bank | 19 | $4.7M | $249K |
| 3 | Manufacturers and Traders Trust Company | 4 | $1.1M | $273K |
| 4 | Security Savings Bank | 3 | $741K | $247K |
| 4 | Live Oak Banking Company | 3 | $2.2M | $744K |
| 6 | Simmons Bank | 2 | $801K | $400K |
| 6 | Readycap Lending, LLC | 2 | $100K | $50K |
| 8 | QNB Bank | 1 | $320K | $320K |
| 8 | St Cloud Financial Credit Union | 1 | $464K | $464K |
| 8 | TD Bank, National Association | 1 | $615K | $615K |
| 8 | The Bancorp Bank National Association | 1 | $313K | $313K |
| 8 | The National Capital Bank of Washington | 1 | $552K | $552K |
| 8 | Washington Trust Bank | 1 | $497K | $497K |
| 8 | Wells Fargo Bank National Association | 1 | $209K | $209K |
| 8 | Westside State Bank | 1 | $648K | $648K |
| 8 | ACC Capital | 1 | $527K | $527K |
| 8 | Wilmington Savings Fund Society FSB | 1 | $244K | $244K |
| 8 | American Bank of Freedom | 1 | $392K | $392K |
| 8 | Climate First Bank | 1 | $617K | $617K |
| 8 | First Merchants Bank | 1 | $455K | $455K |
| 8 | Five Star Bank | 1 | $305K | $305K |
| 8 | NEPA Alliance Business Finance Corporation | 1 | $250K | $250K |
| 8 | Prosperity Bank | 1 | $850K | $850K |
Source: SBA FOIA 7(a) loan-level data, 2021 to 2026. Shows lenders with at least one approved Waxing the City loan in this period, ranked by loan count.
Waxing the City SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| TX | 9 | $3.2M | $357K |
| CA | 6 | $2.9M | $478K |
| GA | 8 | $2.4M | $301K |
| WA | 5 | $2.4M | $476K |
| MD | 5 | $1.6M | $328K |
| FL | 4 | $1.6M | $398K |
| ND | 2 | $1.4M | $711K |
| AL | 1 | $1.1M | $1.1M |
| CO | 2 | $1.1M | $536K |
| SC | 4 | $1.1M | $265K |
| IL | 4 | $983K | $246K |
| TN | 3 | $915K | $305K |
| MN | 3 | $901K | $300K |
| VA | 2 | $850K | $425K |
| IA | 3 | $741K | $247K |
Waxing the City SBA loans by year
How Waxing the City SBA loans have performed
Outcomes for every funded Waxing the City 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 Waxing the City 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 Waxing the City deal to a lender currently funding this brand.
Financing a Waxing the City franchise?
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