Franchise brands › Lightbridge Academy
Franchise brand62 approvals since FY2017
SBA loans to Lightbridge Academy 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 FY2017, 62 SBA loan approvals worth $95.6M carry the Lightbridge Academy franchise code, 26 of them in FY2021 to FY2025.
In FY2025 there were 6. The average approval in the five-year window was $1.2M, and 2 of the approvals were 504 loans.
13 lenders made the FY2021 to FY2025 loans across 11 states; the most active were Celtic Bank Corporation (6), Live Oak Banking Company (5) and Provident Bank (3).
These are loans to independent franchise owners, not to 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* | 16 | $30.5M | $1.9M | 0 | 510 |
| FY2025 | 6 | $5.7M | $944K | 0 | 206 |
| FY2024 | 5 | $11.0M | $2.2M | 1 | 197 |
| FY2023 | 7 | $8.6M | $1.2M | 0 | 176 |
| FY2022 | 4 | $3.7M | $936K | 1 | 121 |
| FY2021 | 4 | $3.2M | $796K | 0 | 168 |
| FY2020 | 3 | $1.5M | $502K | 0 | 116 |
| FY2019 | 11 | $24.4M | $2.2M | 0 | 463 |
| FY2018 | 5 | $5.7M | $1.1M | 0 | 108 |
| FY2017 | 1 | — | — | 1 | 22 |
| FY2016 | 0 | — | — | 0 | 0 |
SBA's franchise field lists the brand as "Lightbridge Academy". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Lightbridge Academy | All SBA loans |
|---|---|---|
| Approvals in these years | 24 | 725,496 |
| Cancelled or never disbursed | 3 | 91,827 |
| Disbursed loans | 21 | 633,669 |
| Paid in full | 16 | 471,304 |
| Charged off | 0 | 37,796 |
| Still outstanding (status exempt from disclosure) | 5 | 124,569 |
| Charged off, share of disbursed loans | too few loans | 6.0% |
| Dollars charged off, share of disbursed dollars | too few loans | 2.2% |
| Dollars charged off | — | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Celtic Bank CorporationSalt Lake City, UT | 6 | $5.6M | 23.1% | |
| 2 | Live Oak Banking CompanyWilmington, NC | 5 | $5.7M | 19.2% | |
| 3 | Provident BankJersey City, NJ | 3 | $1.6M | 11.5% | |
| 4 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 7.7% | |
| 5 | Bank of America, National AssociationCharlotte, NC | 2 | — | 7.7% | |
| 6 | TD Bank, National AssociationWilmington, DE | 1 | — | 3.8% | |
| 7 | Trenton Business Assistance CorporationPrinceton, NJ · CDC | 1 | — | 3.8% | |
| 8 | Firstrust Savings BankConshohocken, PA | 1 | — | 3.8% | |
| 9 | Empire State Certified Development CorporationLatham, NY · CDC | 1 | — | 3.8% | |
| 10 | Manufacturers and Traders Trust CompanyBuffalo, NY | 1 | — | 3.8% | |
| 11 | First National Bank of PennsylvaniaGreenville, PA | 1 | — | 3.8% | |
| 12 | First Command BankFort Worth, TX | 1 | — | 3.8% | |
| 13 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 3.8% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | New Jersey | 6 | 23.1% | |
| 2 | North Carolina | 4 | 15.4% | |
| 3 | Pennsylvania | 3 | 11.5% | |
| 4 | Texas | 3 | 11.5% | |
| 5 | New York | 2 | 7.7% | |
| 6 | Maryland | 2 | 7.7% | |
| 7 | Tennessee | 2 | 7.7% | |
| 8 | South Carolina | 1 | 3.8% | |
| 9 | Michigan | 1 | 3.8% | |
| 10 | Virginia | 1 | 3.8% | |
| 11 | Florida | 1 | 3.8% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Child Day Care ServicesNAICS 6244 | 24 | 92.3% | |
| 2 | Other Schools and InstructionNAICS 6116 | 2 | 7.7% |
Approval sizes
- $150,001 to $350,0003.8%1
- $350,001 to $1 million57.7%15
- $1 million to $2 million26.9%7
- Over $2 million11.5%3
Age of the businesses
- Existing, more than 2 years old30.8%8
- New business, 2 years or less7.7%2
- Startup, loan funds will open the business61.5%16
Questions and answers
How many SBA loans go to Lightbridge Academy franchises?
62 approvals since FY2017, worth $95.6M; 26 in FY2021 to FY2025.
Which lenders make SBA loans for Lightbridge Academy franchises?
By approvals in FY2021 to FY2025: Celtic Bank Corporation (6), Live Oak Banking Company (5), Provident Bank (3), Wells Fargo Bank National Association (2), Bank of America, National Association (2).
How large is a typical SBA loan for a Lightbridge Academy franchise?
The average approval in FY2021 to FY2025 was $1.2M.
What share of Lightbridge Academy SBA loans are charged off?
There are fewer than 30 disbursed loans from the matured approval years, too few for a rate.
Are SBA loans to Lightbridge Academy franchises rising?
Approvals in the three latest complete fiscal years total 18, against 11 in the three before: rising (+64%).
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