How much do lenders finance for a My Eye Lab franchise?

The median SBA loan approved for a My Eye Lab franchise is $469,800, with the middle 80% of loans between $350,000 and $539,000. That is the financed portion only - it excludes the buyer's equity injection, which SBA lenders typically require at 10% or more of total project cost for a business acquisition or new franchise unit.

Which lenders finance My Eye Lab franchises?

By dollars approved, the most active SBA lenders for My Eye Lab have been First Guaranty Bank, First Bank, First Bank of the Lake, TowneBank. Many franchise brands also maintain their own lists of preferred lenders, which may differ from who has historically approved the most volume.

How long are My Eye Lab SBA loans?

The median term is 10 yr. SBA 7(a) terms run up to 10 years for working capital and equipment, and up to 25 years when the loan is secured by real estate - so a longer median usually means the loans included property.

Franchise financing

Financing a My Eye Lab franchise

SBA lenders have approved 31 loans against the My Eye Lab brand since FY2010, totalling $13.7M. The median approval was $469,800. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#717

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$469,800

Typical range

$350K-$539K

Middle 80% of loans

Median term

10 yr

Charge-off rate

Cohort too small

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Who financed My Eye Lab

Lender	Loans	Approved
First Guaranty Bank	7	$3.4M
First Bank	4	$1.7M
First Bank of the Lake	3	$1.5M
TowneBank	2	$910K
Frost Bank	1	$541K
The Huntington National Bank	1	$539K
Citizens Bank	1	$510K
Wheaton Bank & Trust Company	1	$500K

Geography

Where My Eye Lab units were financed

State	Loans	Share
Texas	16
Georgia	4
Virginia	3
Florida	2
Arizona	2
North Carolina	1
California	1
Tennessee	1

Approvals by fiscal year

’18

’19

’20

’21

’22

’23

Loan count by fiscal year - a rough proxy for how fast the brand was opening units. Final bar is a partial year.

Loan sizes

$150K - $350K
10%
$350K - $1M
90%

Financing a My Eye Lab: common questions

How much do lenders finance for a My Eye Lab franchise?: The median SBA loan approved for a My Eye Lab franchise is $469,800, with the middle 80% of loans between $350,000 and $539,000. That is the financed portion only - it excludes the buyer's equity injection, which SBA lenders typically require at 10% or more of total project cost for a business acquisition or new franchise unit.
Which lenders finance My Eye Lab franchises?: By dollars approved, the most active SBA lenders for My Eye Lab have been First Guaranty Bank, First Bank, First Bank of the Lake, TowneBank. Many franchise brands also maintain their own lists of preferred lenders, which may differ from who has historically approved the most volume.
How long are My Eye Lab SBA loans?: The median term is 10 yr. SBA 7(a) terms run up to 10 years for working capital and equipment, and up to 25 years when the loan is secured by real estate - so a longer median usually means the loans included property.

Compare other brands

Median loan size and charge-off rate across every franchise in the SBA record.

How SBA 7(a) works

The programme most franchise buyers use, explained end to end.

Buying a franchise with an SBA loan

Equity injection, the franchise directory, and what lenders check.

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