SBA Loans for Hotworx Franchises
Who actually funds Hotworx 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 Hotworx SBA loans
Ranked by number of Hotworx 7(a) loans approved since 2021.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | The Huntington National Bank | 127 | $29.9M | $236K |
| 2 | Citizens Bank | 91 | $46.5M | $511K |
| 3 | First Bank of the Lake | 20 | $10.7M | $534K |
| 4 | Newtek Small Business Finance, LLC | 16 | $5.7M | $358K |
| 5 | Pinnacle Bank | 15 | $6.0M | $400K |
| 6 | KeyBank National Association | 13 | $5.3M | $411K |
| 7 | Happen Bank | 9 | $3.7M | $407K |
| 7 | Byline Bank | 9 | $3.3M | $368K |
| 7 | Seacoast National Bank | 9 | $3.1M | $345K |
| 10 | Paragon Bank | 8 | $3.5M | $433K |
| 11 | Midwest Regional Bank | 7 | $2.9M | $410K |
| 11 | Wells Fargo Bank National Association | 7 | $2.2M | $315K |
| 13 | Magnifi Financial CU | 5 | $2.3M | $467K |
| 14 | Great Plains State Bank | 4 | $1.3M | $337K |
| 15 | Community Banks of Colorado, A Division of NBH Bank | 3 | $1.2M | $403K |
| 15 | Zions Bancorporation, National Association | 3 | $362K | $121K |
| 15 | U.S. Bank, National Association | 3 | $1.5M | $511K |
| 15 | Texas Security Bank | 3 | $920K | $307K |
| 15 | First Internet Bank of Indiana | 3 | $1.5M | $491K |
Source: SBA FOIA 7(a) loan-level data, 2021 to 2026. Shows lenders with at least one approved Hotworx loan in this period, ranked by loan count.
Hotworx SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| TX | 93 | $31.7M | $341K |
| FL | 42 | $17.6M | $419K |
| NC | 27 | $12.1M | $450K |
| CA | 29 | $11.3M | $389K |
| GA | 25 | $8.9M | $356K |
| IL | 22 | $8.0M | $362K |
| WA | 17 | $7.3M | $428K |
| CO | 19 | $6.8M | $358K |
| IA | 15 | $5.8M | $390K |
| NY | 12 | $5.0M | $415K |
| VA | 12 | $5.0M | $415K |
| OH | 11 | $4.1M | $376K |
| UT | 11 | $4.1M | $373K |
| WI | 9 | $4.0M | $443K |
| PA | 11 | $4.0M | $359K |
Hotworx SBA loans by year
How Hotworx SBA loans have performed
Outcomes for every funded Hotworx 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.
SBA lender notes for Hotworxfrom the SBA Franchise Directory
1. When the real estate where the franchise business is located will secure the SBA-guaranteed loan, the Rider to Lease may not be executed. 2. Lender/CDC must ensure they obtain the correct lien position for all collateral as required pursuant to the SOP 50 10.
How to use this
The lenders above have actually closed SBA 7(a) loans for Hotworx 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 Hotworx deal to a lender currently funding this brand.
Financing a Hotworx franchise?
We know which lenders are actively funding Hotworx deals right now and which fit your loan size and location. Pre-qualify and we'll find your match (free to borrowers).