Paragon Bank
Headquartered in Memphis, TN. Analysis based on 111 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $130.2M.
Total 7(a) loans
111
Total approved
$130.2M
Average loan
$1.2M
States funded in
28
Charge-off rate
2.74%
FY2020–FY2023 cohort
Paid-in-full rate
43.84%
Average rate
7.72%
Average term
180 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 12 |
| 624410 | Child Day Care Services | 9 |
| 112340 | Poultry Hatcheries | 7 |
| 812199 | Other Personal Care Services | 6 |
| 721191 | Bed-and-Breakfast Inns | 5 |
| 112320 | Broilers and Other Meat Type | 4 |
| 311811 | Retail Bakeries | 4 |
| 812910 | Pet Care (except Veterinary) Services | 4 |
| 722511 | Full-Service Restaurants | 3 |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 3 |
Top 10 states
| State | Loans |
|---|---|
| GA | 38 |
| TN | 20 |
| NC | 9 |
| FL | 5 |
| UT | 4 |
| OH | 4 |
| TX | 4 |
| PA | 3 |
| IN | 2 |
| CO | 2 |
Top franchise brands financed
44 franchise loans across 22 distinct brands.
| Franchise | Loans |
|---|---|
| Hotworx | 8 |
| Primrose Schools | 4 |
| iCRYO Franchise System LLC | 4 |
| Nothing Bundt Cakes | 3 |
| Woodhouse Day Spa / Woodhouse | 3 |
| Dogtopia | 3 |
| The Goddard School | 2 |
| Legacy Academy For Children | 2 |
| The Lash Lounge | 2 |
| Grease Monkey | 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.