Franchise lender history
Lenders that funded Hotworx 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.
467
SBA 7(a) loans in FOIA set
$171M
Gross approved dollars
0.43%
Naive charge-off incidence
Not cohort-seasoned. See methodology.
Top lenders for Hotworx
| Lender | Loans | Gross approved |
|---|---|---|
| The Huntington National Bank | 119 | $28M |
| Citizens Bank | 84 | $42M |
| Newtek Small Business Finance, Inc. | 17 | $6M |
| Pinnacle Bank | 16 | $6M |
| First Bank of the Lake | 16 | $8M |
| Midwest Regional Bank | 11 | $4M |
| KeyBank National Association | 11 | $4M |
| Seacoast National Bank | 9 | $3M |
| LendingClub Bank, National Association | 9 | $4M |
| Paragon Bank | 8 | $3M |
| Byline Bank | 8 | $3M |
| Wells Fargo Bank, N.A. | 6 | $2M |
States appearing in the brand history
- Texas: 104 loans
- Florida: 32 loans
- California: 27 loans
- Georgia: 26 loans
- North Carolina: 25 loans
- Illinois: 21 loans
- Colorado: 20 loans
- Iowa: 15 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.