Franchise lender history
Lenders that funded Code Ninjas franchisees.
Loan-level SBA 7(a) FOIA data can show which lenders have actually funded a franchise system. Use this as a lender-research starting point, not an approval prediction.
63
SBA 7(a) loans in FOIA set
$14M
Gross approved dollars
4.76%
Naive charge-off incidence
Not cohort-seasoned. See methodology.
Top lenders for Code Ninjas
| Lender | Loans | Gross approved |
|---|---|---|
| The Huntington National Bank | 17 | $3M |
| The Bancorp Bank National Association | 7 | $2M |
| Wells Fargo Bank, N.A. | 4 | $876,900 |
| Old National Bank | 4 | $566,100 |
| U.S. Bank, N.A. | 3 | $681,600 |
| Stearns Bank National Association | 3 | $720,900 |
| United Community Bank | 2 | $565,000 |
| United Midwest Savings Bank National Association | 2 | $658,000 |
| First-Citizens Bank & Trust Company | 2 | $653,200 |
| Provident Bank | 2 | $500,000 |
| US Metro Bank | 1 | $599,000 |
| First Bank of the Lake | 1 | $150,000 |
States appearing in the brand history
- Florida: 7 loans
- New Jersey: 6 loans
- Michigan: 6 loans
- Georgia: 5 loans
- Nevada: 4 loans
- Texas: 4 loans
- Virginia: 4 loans
- California: 4 loans
Data caveat
Recent loans have not seasoned long enough to compare default performance to older vintages. SourceFunding separates current lender activity from historical outcomes and avoids using recent cohorts as a definitive default-rate claim.