Franchise brands › Mathnasium and Mathnasium, The Math Learning Center
Franchise brand67 approvals since FY2018
SBA loans to Mathnasium and Mathnasium, The Math Learning Center 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.
SBA lists 67 loan approvals since FY2018 under the Mathnasium and Mathnasium, The Math Learning Center franchise brand, worth $16.3M; 38 of them came in FY2021 to FY2025.
In FY2025 there were 14. The average approval in the five-year window was $225K, and 1 of the approvals were 504 loans.
26 lenders made the FY2021 to FY2025 loans across 20 states; the most active were BayFirst National Bank (5), BancFirst (3) and Zions Bank, A Division of (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* | 9 | $4.9M | $542K | 0 | 90 |
| FY2025 | 14 | $2.7M | $196K | 0 | 152 |
| FY2024 | 7 | $1.2M | $177K | 0 | 144 |
| FY2023 | 7 | $1.2M | $179K | 0 | 64 |
| FY2022 | 5 | $2.7M | $533K | 0 | 122 |
| FY2021 | 5 | $640K | $128K | 1 | 88 |
| FY2020 | 2 | — | — | 0 | 12 |
| FY2019 | 9 | $1.2M | $138K | 0 | 71 |
| FY2018 | 9 | $1.2M | $138K | 0 | 97 |
| FY2017 | 0 | — | — | 0 | 0 |
| FY2016 | 0 | — | — | 0 | 0 |
SBA's franchise field lists the brand as "Mathnasium and Mathnasium, The Math Learning Center". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Mathnasium and Mathnasium, The Math Learning Center | All SBA loans |
|---|---|---|
| Approvals in these years | 25 | 725,496 |
| Cancelled or never disbursed | 0 | 91,827 |
| Disbursed loans | 25 | 633,669 |
| Paid in full | 10 | 471,304 |
| Charged off | 2 | 37,796 |
| Still outstanding (status exempt from disclosure) | 13 | 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 | BayFirst National BankSaint Petersburg, FL | 5 | $588K | 13.2% | |
| 2 | BancFirstOklahoma City, OK | 3 | $874K | 7.9% | |
| 3 | Zions Bank, A Division ofSalt Lake City, UT | 3 | $293K | 7.9% | |
| 4 | CDC Small Business Finance Corp.San Diego, CA | 2 | — | 5.3% | |
| 5 | The Huntington National BankColumbus, OH | 2 | — | 5.3% | |
| 6 | U.S. Bank, National AssociationCincinnati, OH | 2 | — | 5.3% | |
| 7 | East West BankPasadena, CA | 1 | — | 2.6% | |
| 8 | TD Bank, National AssociationWilmington, DE | 1 | — | 2.6% | |
| 9 | First Internet Bank of IndianaFishers, IN | 1 | — | 2.6% | |
| 10 | United Community BankGreenville, SC | 1 | — | 2.6% | |
| 11 | Banesco USAMiami, FL | 1 | — | 2.6% | |
| 12 | Nutmeg State Financial Credit UnionRocky Hill, CT | 1 | — | 2.6% | |
| 13 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 2.6% | |
| 14 | Bay Colony Development CorporationWaltham, MA · CDC | 1 | — | 2.6% | |
| 15 | Capital Bank, National AssociationRockville, MD | 1 | — | 2.6% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | California | 7 | 18.4% | |
| 2 | Oklahoma | 4 | 10.5% | |
| 3 | Florida | 4 | 10.5% | |
| 4 | Nevada | 3 | 7.9% | |
| 5 | Connecticut | 2 | 5.3% | |
| 6 | Michigan | 2 | 5.3% | |
| 7 | Ohio | 2 | 5.3% | |
| 8 | Colorado | 2 | 5.3% | |
| 9 | New Jersey | 1 | 2.6% | |
| 10 | North Carolina | 1 | 2.6% | |
| 11 | Pennsylvania | 1 | 2.6% | |
| 12 | Massachusetts | 1 | 2.6% | |
| 13 | Alabama | 1 | 2.6% | |
| 14 | New York | 1 | 2.6% | |
| 15 | Arizona | 1 | 2.6% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Schools and InstructionNAICS 6116 | 26 | 68.4% | |
| 2 | Educational Support ServicesNAICS 6117 | 11 | 28.9% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 1 | 2.6% |
Approval sizes
- $50,000 or less15.8%6
- $50,001 to $150,00050.0%19
- $150,001 to $350,00018.4%7
- $350,001 to $1 million10.5%4
- $1 million to $2 million5.3%2
Age of the businesses
- Existing, more than 2 years old36.8%14
- New business, 2 years or less21.1%8
- Startup, loan funds will open the business26.3%10
- Change of ownership15.8%6
Questions and answers
How many SBA loans go to Mathnasium and Mathnasium, The Math Learning Center franchises?
67 approvals since FY2018, worth $16.3M; 38 in FY2021 to FY2025.
Which lenders make SBA loans for Mathnasium and Mathnasium, The Math Learning Center franchises?
By approvals in FY2021 to FY2025: BayFirst National Bank (5), BancFirst (3), Zions Bank, A Division of (3), CDC Small Business Finance Corp. (2), The Huntington National Bank (2).
How large is a typical SBA loan for a Mathnasium and Mathnasium, The Math Learning Center franchise?
The average approval in FY2021 to FY2025 was $225K.
What share of Mathnasium and Mathnasium, The Math Learning Center 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 Mathnasium and Mathnasium, The Math Learning Center franchises rising?
Approvals in the three latest complete fiscal years total 28, against 12 in the three before: rising (+133%).
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