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iCode, by the numbers

iCode appears in 33 SBA 7(a) loans since 2020, with a 8.33% cohort charge-off (failure) rate — from public SBA 7(a) loan records (FY2020–present). Every figure below comes from real financed deals: what buyers paid, where, and how the loans performed.

SBA Franchise Directory: listed ✓ (identifier S2012)

33 deals since 2020 · typical deal $269K · 8.33% failure rate

33

Deals since 2020

$269K

Typical deal

7

Deals since FY2025

8.33%

Failure rate (FY20–23)

8.33% of iCode's FY2020–23 deals failed — well above typical. Price that risk into your offer and your reserves.

What buyers pay for iCode

Most iCode deals financed between $50K and $385K. Above $385K, you're paying more than 75% of buyers did — make the seller earn it.

Monthly payment (10-yr)
$3,742
Down payment (10%)
$30K
Cash to close (all-in)
$40K

Estimates at today's rates and standard 7(a) terms. Not a loan offer.

Could you get the loan?

Three answers. No documents, no credit pull.

Credit score

Available cash (you'll need ~$40K)

Experience

Recent financings

  • Tech Savvy Funding, Inc. in Riverview, FL — $500K (2025) · The Huntington National Bank
  • B&T Software Ashburn, LLC in Ashburn, VA — $445K (2025) · Bank of Clarke
  • SAMPRIME LLC in Severna Park, MD — $385K (2025) · PNC Bank, National Association
  • Gold in STEM Hills, LLC in Las Vegas, NV — $125K (2025) · Zions Bank, A Division of
  • Tech Savvy Funding, Inc. in Riverview, FL — $50K (2025) · The Huntington National Bank
  • Futuretech Playground-Redmond LLC in Redmond, WA — $41K (2025) · Wells Fargo Bank National Association
  • Futuretech Playground-Redmond LLC in Redmond, WA — $26K (2025) · Wells Fargo Bank National Association
  • iCode Naperville in Naperville, IL — $500K (2024) · The Huntington National Bank
  • SNO Services LLC in Wylie, TX — $315K (2024) · The Huntington National Bank
  • MAsset Holdings LLC in Denver, CO — $536K (2023) · The Huntington National Bank

Hover or tap a deal for terms: program, rate, SBA guarantee, days to fund.

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iCode brand mark

Who funds iCode — and where

Every dot is a financed iCode — 33 mapped.

Financed iCode locations — list all 33 as text

Top lenders for this brand

  1. 1.The Huntington National Bank(18)
  2. 2.The First National Bank of McGregor d/b/a TFNB Your Bank for Life (3)
  3. 3.Wells Fargo Bank National Association(2)
  4. 4.IncredibleBank(2)
  5. 5.Idaho Central CU(1)

Most active states

  1. 1.Texas (8 loans)iCode lenders in Texas->
  2. 2.Virginia (3 loans)iCode lenders in Virginia->
  3. 3.Washington (3 loans)iCode lenders in Washington->
  4. 4.Arizona (3 loans)iCode lenders in Arizona->
  5. 5.Connecticut (2 loans)iCode lenders in Connecticut->
  6. 6.Florida (2 loans)iCode lenders in Florida->
  7. 7.Michigan (2 loans)iCode lenders in Michigan->
  8. 8.Colorado (2 loans)iCode lenders in Colorado->

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Common questions

How much does a iCode cost to buy or open?

The typical deal for iCode is $269K across 33 transactions since 2020. With the SBA's 10% minimum down payment, that points to roughly $30K of buyer cash on a typical deal.

How risky is iCode?

8.33% of iCode's FY2020–23 deals failed and were written off. Under 1% is excellent; 1–3% is normal; above 3% deserves hard questions before the LOI.

Can I finance a iCode with an SBA loan?

Yes — iCode has been SBA-financed 7 times since FY2025, which means it clears the SBA Franchise Directory requirement regularly. Confirm current listing before signing an LOI.

Buying a iCode franchise

Most iCode buyers finance the purchase or build-out with an SBA 7(a) loan — up to 90% of the cost with roughly 10% down. The typical iCode deal financed for $269K, which points to about $30K of buyer cash on a typical purchase. iCode is listed in the SBA Franchise Directory (identifier S2012), so it's eligible to finance today — confirm current listing with your lender before the LOI. See the lenders that already fund iCode — a bank that knows the brand approves faster — or pre-qualify for financing to see your likely loan size first.

AI summary

This profile summarizes public SBA financing activity for iCode — lender activity, typical loan sizes, financing history, and risk and failure signals where available — via CapBench SBA Intelligence. CapBench is not a lender.

Source: CapBench SBA Intelligence, based on public SBA, lender, franchise, FDIC, and related records. CapBench is not a lender and does not guarantee financing.

Agent summary

This page summarizes public SBA 7(a) financing for iCode — typical deal size, the lenders that fund the brand, geography, and failure-rate context — from CapBench SBA Intelligence. iCode is confirmed in the SBA Franchise Directory here; CapBench is not a lender and does not sell franchises.

  • 33 SBA 7(a) deals since 2020
  • $269K typical deal
  • 7 deals since FY2025
  • 8.33% failure rate (FY20–23 cohort)
  • SBA Franchise Directory: listed (identifier S2012)
  • Top lenders: The Huntington National Bank, The First National Bank of McGregor d/b/a TFNB Your Bank for Life, Wells Fargo Bank National Association

Next steps

Check SBA fitFind SBA lenders$9 lender report
Data freshness:
SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-08-01.
Sources:
Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:
https://www.capbench.com/franchises/icode
API:
https://www.capbench.com/api/public/franchises/icode
Methodology:
Sources & methodology
  • Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
  • Figures come from public records and CapBench methodology; verify before relying on them.
  • Financing figures are historical SBA loan records, not a current offer or franchise availability. Confirm SBA Franchise Directory listing with your lender before an LOI.

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CapBench analysis of public lending records, FY2020–present. Charge-off rate measured on the FY2020–23 cohort. Not affiliated with iCode.

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