iCode
34
SBA Loans
$9.0M
Total Financed
$266K
Avg Loan Size
—
YoY Loan Growth
How iCode Compares
- Ranks #6 of 72 Education & Training brands by SBA loan count (#334 of 3,543 overall).
- Its average loan of $266K is 71% above the Education & Training median of $156K.
- Its 5.9% charge-off rate compares to a 2.6% average across all Education & Training brands.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2020 | 2 | $1.8M |
| FY2021 | 2 | $457K |
| FY2022 | 10 | $1.9M |
| FY2023 | 10 | $2.2M |
| FY2024 | 2 | $815K |
| FY2025 | 7 | $1.6M |
| FY2026 | 1 | $261K |
FY2026 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where iCode Is Getting SBA-Financed
Recent SBA-Financed iCode Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is iCode growing or shrinking?
iCode doesn't have enough SBA loan activity in both FY2025 and FY2026 to calculate a reliable year-over-year trend. For context, it ranks #6 of 72 Education & Training brands by total SBA loan count since FY2020 -- a snapshot of scale, if not of trend.
How much does it cost to open a iCode franchise?
We don't have that figure -- investment ranges and fees come from a franchisor's Franchise Disclosure Document (FDD), which this site doesn't parse (see methodology). The average SBA loan size of $266K (71% above the typical Education & Training brand's $156K) is a rough proxy, but SBA loans often cover only part of total investment.
What's the SBA loan default rate for iCode?
2 of 34 SBA loans to iCode franchisees (5.9%) have been charged off since FY2020, compared to 2.6% across all Education & Training brands.
Top SBA Lenders
- The Huntington National Bank18
- The First National Bank of McGregor d/b/a TFNB Your Bank for Life3
- IncredibleBank2
- Wells Fargo Bank National Association2
- Provident Bank1
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset