Franchise brands › Goldfish Swim School
Franchise brand135 approvals since FY2011
SBA loans to Goldfish Swim School franchises
Approvals SBA files under the brand's franchise code. The loans are to independent franchise owners; this page describes the brand in aggregate and no franchisee.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Since FY2011, 135 SBA loan approvals worth $204M carry the Goldfish Swim School franchise code, 40 of them in FY2021 to FY2025.
In FY2025 there were 3. The average approval in the five-year window was $2.0M, and 6 of the approvals were 504 loans.
23 lenders made the FY2021 to FY2025 loans across 20 states; the most active were First Merchants Bank (6), Independent Bank (4) and KeyBank National Association (4).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 0.0% as charged off, below the 6.0% for all SBA loans from those years. The figures describe loans to independent franchise owners, not the franchisor.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Loans by fiscal year
| Fiscal year | Approvals | Dollars approved | Average approval | of which 504 | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 3 | $4.1M | $1.4M | 0 | 160 |
| FY2025 | 3 | $5.1M | $1.7M | 0 | 129 |
| FY2024 | 8 | $17.8M | $2.2M | 1 | 425 |
| FY2023 | 6 | $20.0M | $3.3M | 2 | 254 |
| FY2022 | 9 | $13.8M | $1.5M | 2 | 270 |
| FY2021 | 14 | $22.1M | $1.6M | 1 | 610 |
| FY2020 | 8 | $11.9M | $1.5M | 0 | 419 |
| FY2019 | 12 | $19.0M | $1.6M | 0 | 488 |
| FY2018 | 15 | $22.7M | $1.5M | 1 | 853 |
| FY2017 | 18 | $28.2M | $1.6M | 0 | 1,013 |
| FY2016 | 9 | $14.0M | $1.6M | 2 | 447 |
SBA's franchise field lists the brand as "GOLDFISH SWIM SCHOOL"; "Goldfish Swim School". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Goldfish Swim School | All SBA loans |
|---|---|---|
| Approvals in these years | 106 | 725,496 |
| Cancelled or never disbursed | 15 | 91,827 |
| Disbursed loans | 91 | 633,669 |
| Paid in full | 70 | 471,304 |
| Charged off | 0 | 37,796 |
| Still outstanding (status exempt from disclosure) | 21 | 124,569 |
| Charged off, share of disbursed loans | 0.0% | 6.0% |
| Dollars charged off, share of disbursed dollars | 0.0% | 2.2% |
| Dollars charged off | $0 | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | First Merchants BankIndianapolis, IN | 6 | $10.7M | 15.0% | |
| 2 | Independent BankGrand Rapids, MI | 4 | $11.5M | 10.0% | |
| 3 | KeyBank National AssociationCleveland, OH | 4 | $6.9M | 10.0% | |
| 4 | United Community BankGreenville, SC | 3 | $6.1M | 7.5% | |
| 5 | Bridgewater BankSaint Louis Park, MN | 2 | — | 5.0% | |
| 6 | Bank of Ann ArborAnn Arbor, MI | 2 | — | 5.0% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 2 | — | 5.0% | |
| 8 | Fifth Third BankCincinnati, OH | 2 | — | 5.0% | |
| 9 | Capital Certified Development CorporationAustin, TX · CDC | 1 | — | 2.5% | |
| 10 | Happen BankLehi, UT | 1 | — | 2.5% | |
| 11 | Luminate BankMinneapolis, MN | 1 | — | 2.5% | |
| 12 | FWBankChicago, IL | 1 | — | 2.5% | |
| 13 | TowneBankPortsmouth, VA | 1 | — | 2.5% | |
| 14 | Customers BankMalvern, PA | 1 | — | 2.5% | |
| 15 | MI BankBloomfield Township, MI | 1 | — | 2.5% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Illinois | 6 | 15.0% | |
| 2 | New Jersey | 3 | 7.5% | |
| 3 | Utah | 3 | 7.5% | |
| 4 | Georgia | 2 | 5.0% | |
| 5 | Minnesota | 2 | 5.0% | |
| 6 | South Carolina | 2 | 5.0% | |
| 7 | Connecticut | 2 | 5.0% | |
| 8 | Wisconsin | 2 | 5.0% | |
| 9 | New York | 2 | 5.0% | |
| 10 | Maryland | 2 | 5.0% | |
| 11 | Idaho | 2 | 5.0% | |
| 12 | Oklahoma | 2 | 5.0% | |
| 13 | Massachusetts | 2 | 5.0% | |
| 14 | Michigan | 2 | 5.0% | |
| 15 | Texas | 1 | 2.5% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Schools and InstructionNAICS 6116 | 31 | 77.5% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 7 | 17.5% | |
| 3 | Educational Support ServicesNAICS 6117 | 1 | 2.5% | |
| 4 | Other Personal ServicesNAICS 8129 | 1 | 2.5% |
Approval sizes
- $50,001 to $150,0002.5%1
- $150,001 to $350,0005.0%2
- $350,001 to $1 million10.0%4
- $1 million to $2 million37.5%15
- Over $2 million45.0%18
Age of the businesses
- Existing, more than 2 years old15.0%6
- New business, 2 years or less10.0%4
- Startup, loan funds will open the business67.5%27
- Change of ownership7.5%3
Questions and answers
How many SBA loans go to Goldfish Swim School franchises?
135 approvals since FY2011, worth $204M; 40 in FY2021 to FY2025.
Which lenders make SBA loans for Goldfish Swim School franchises?
By approvals in FY2021 to FY2025: First Merchants Bank (6), Independent Bank (4), KeyBank National Association (4), United Community Bank (3), Bridgewater Bank (2).
How large is a typical SBA loan for a Goldfish Swim School franchise?
The average approval in FY2021 to FY2025 was $2.0M.
What share of Goldfish Swim School SBA loans are charged off?
Of 91 disbursed loans approved in FY2010 to FY2021, 0 (0.0%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Goldfish Swim School franchises rising?
Approvals in the three latest complete fiscal years total 17, against 31 in the three before: falling (-45%).
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error