Franchise lender history
Lenders that funded Mr. Electric 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.
89
SBA 7(a) loans in FOIA set
$19M
Gross approved dollars
3.37%
Naive charge-off incidence
Not cohort-seasoned. See methodology.
Top lenders for Mr. Electric
| Lender | Loans | Gross approved |
|---|---|---|
| United Midwest Savings Bank National Association | 63 | $12M |
| Newtek Small Business Finance, Inc. | 4 | $526,000 |
| BayFirst National Bank | 4 | $425,000 |
| The Huntington National Bank | 4 | $491,500 |
| Highland Bank | 2 | $370,000 |
| First Farmers and Merchants Bank | 1 | $102,000 |
| First Internet Bank of Indiana | 1 | $368,000 |
| The Fidelity Bank | 1 | $190,000 |
| Colony Bank | 1 | $150,000 |
| Citizens Bank | 1 | $401,200 |
| CenTrust Bank, A Division of SmartBiz Bank National Association | 1 | $150,000 |
| First Command Bank | 1 | $207,800 |
States appearing in the brand history
- California: 14 loans
- Florida: 8 loans
- North Carolina: 7 loans
- South Carolina: 7 loans
- Texas: 6 loans
- Maryland: 4 loans
- Georgia: 4 loans
- Tennessee: 3 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.