FinWise Bank
Headquartered in SANDY, UT. Analysis based on 645 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $798.5M.
Total 7(a) loans
645
Total approved
$798.5M
Average loan
$1.2M
States funded in
29
Charge-off rate
2.02%
FY2020–FY2023 cohort
Paid-in-full rate
24.22%
Average rate
8.17%
Average term
183 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 541110 | Offices of Lawyers | 34 |
| 454110 | Electronic Shopping and Mail-Order Houses | 31 |
| 423990 | Other Miscellaneous Durable Goods Merchant Wholesalers | 19 |
| 238990 | All Other Specialty Trade Contractors | 12 |
| 524210 | Insurance Agencies and Brokerages | 10 |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 10 |
| 541219 | Other Accounting Services | 10 |
| 722511 | Full-Service Restaurants | 10 |
| 424990 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 8 |
| 493110 | General Warehousing and Storage | 8 |
Top 10 states
| State | Loans |
|---|---|
| NY | 341 |
| NJ | 107 |
| FL | 44 |
| CA | 29 |
| PA | 23 |
| UT | 15 |
| TX | 13 |
| GA | 12 |
| NV | 9 |
| SC | 6 |
Top franchise brands financed
1 franchise loans across 1 distinct brands.
| Franchise | Loans |
|---|---|
| Chicken Coop | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.