How much do lenders finance for a Pandora franchise?

The median SBA loan approved for a Pandora franchise is $676,000, with the middle 80% of loans between $100,000 and $2,092,800. 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 Pandora franchises?

By dollars approved, the most active SBA lenders for Pandora have been Old National Bank, Celtic Bank Corporation, JPMorgan Chase Bank, South Central Tennessee Business Development Corporation. 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 Pandora SBA loans?

The median term is 7 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 Pandora franchise

SBA lenders have approved 12 loans against the Pandora brand since FY2010, totalling $11.7M. The median approval was $676,000. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#1379

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$676,000

Typical range

$100K-$2.1M

Middle 80% of loans

Median term

7 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 Pandora

Lender	Loans	Approved
Old National Bank	3	$4.2M
Celtic Bank Corporation	2	$4.2M
JPMorgan Chase Bank	2	$973K
South Central Tennessee Business Development Corporation	1	$702K
The Bank of Princeton	1	$650K
Nicolet National Bank	1	$615K
Wells Fargo Bank	1	$300K
The Huntington National Bank	1	$50K

Geography

Where Pandora units were financed

State	Loans	Share
Tennessee	4
Texas	2
Florida	2
Wisconsin	1
New Jersey	1
Idaho	1
Ohio	1

Approvals by fiscal year

’11

’12

’14

’15

’19

’20

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

Loan sizes

$50K - $150K
17%
$150K - $350K
8%
$350K - $1M
42%
$1M - $2M
8%
Over $2M
25%

Financing a Pandora: common questions

How much do lenders finance for a Pandora franchise?: The median SBA loan approved for a Pandora franchise is $676,000, with the middle 80% of loans between $100,000 and $2,092,800. 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 Pandora franchises?: By dollars approved, the most active SBA lenders for Pandora have been Old National Bank, Celtic Bank Corporation, JPMorgan Chase Bank, South Central Tennessee Business Development Corporation. 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 Pandora SBA loans?: The median term is 7 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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