Franchise brands › Batteries Plus
Franchise brand113 approvals since FY2010
SBA loans to Batteries Plus 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 FY2010, 113 SBA loan approvals worth $52.2M carry the Batteries Plus franchise code, 64 of them in FY2021 to FY2025.
In FY2025 there were 10. The average approval in the five-year window was $438K.
25 lenders made the FY2021 to FY2025 loans across 24 states; the most active were SouthState Bank, National Association (10), ConnectOne Bank (9) and The Huntington National Bank (9).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 12.5% as charged off, above 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* | 7 | $3.9M | $555K | 0 | 50 |
| FY2025 | 10 | $4.1M | $409K | 0 | 168 |
| FY2024 | 7 | $2.6M | $373K | 0 | 58 |
| FY2023 | 11 | $5.3M | $483K | 0 | 91 |
| FY2022 | 27 | $12.9M | $478K | 0 | 313 |
| FY2021 | 9 | $3.1M | $342K | 0 | 67 |
| FY2020 | 3 | $2.0M | $681K | 0 | 30 |
| FY2019 | 8 | $9.0M | $1.1M | 0 | 58 |
| FY2018 | 10 | $2.1M | $211K | 0 | 75 |
| FY2017 | 0 | — | — | 0 | 0 |
| FY2016 | 0 | — | — | 0 | 0 |
SBA's franchise field lists the brand as "BATTERIES PLUS"; "Batteries Plus". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Batteries Plus | All SBA loans |
|---|---|---|
| Approvals in these years | 51 | 725,496 |
| Cancelled or never disbursed | 3 | 91,827 |
| Disbursed loans | 48 | 633,669 |
| Paid in full | 26 | 471,304 |
| Charged off | 6 | 37,796 |
| Still outstanding (status exempt from disclosure) | 16 | 124,569 |
| Charged off, share of disbursed loans | 12.5% | 6.0% |
| Dollars charged off, share of disbursed dollars | 2.4% | 2.2% |
| Dollars charged off | $547K | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | SouthState Bank, National AssociationWinter Haven, FL | 10 | $5.3M | 15.6% | |
| 2 | ConnectOne BankEnglewood Cliffs, NJ | 9 | $5.8M | 14.1% | |
| 3 | The Huntington National BankColumbus, OH | 9 | $1.7M | 14.1% | |
| 4 | First Bank of the LakeOsage Beach, MO | 5 | $1.9M | 7.8% | |
| 5 | Stellar BankHouston, TX | 2 | — | 3.1% | |
| 6 | Capital Bank, National AssociationRockville, MD | 2 | — | 3.1% | |
| 7 | Gulf Coast BankAbbeville, LA | 2 | — | 3.1% | |
| 8 | Huron Valley State BankMilford, MI | 2 | — | 3.1% | |
| 9 | Community State BankUnion Grove, WI | 2 | — | 3.1% | |
| 10 | Citizens First BankClinton, IA | 1 | — | 1.6% | |
| 11 | Sunflower Bank National AssociationDallas, TX | 1 | — | 1.6% | |
| 12 | United Community BankGreenville, SC | 1 | — | 1.6% | |
| 13 | First BankSouthern Pines, NC | 1 | — | 1.6% | |
| 14 | FDIC - Community Bank & Trust-West GeorgiaLagrange, GA | 1 | — | 1.6% | |
| 15 | Live Oak Banking CompanyWilmington, NC | 1 | — | 1.6% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Florida | 9 | 14.1% | |
| 2 | Texas | 8 | 12.5% | |
| 3 | Michigan | 6 | 9.4% | |
| 4 | North Carolina | 6 | 9.4% | |
| 5 | Illinois | 3 | 4.7% | |
| 6 | Louisiana | 3 | 4.7% | |
| 7 | California | 3 | 4.7% | |
| 8 | Colorado | 3 | 4.7% | |
| 9 | Wisconsin | 3 | 4.7% | |
| 10 | Georgia | 2 | 3.1% | |
| 11 | South Carolina | 2 | 3.1% | |
| 12 | Tennessee | 2 | 3.1% | |
| 13 | Pennsylvania | 2 | 3.1% | |
| 14 | Kansas | 2 | 3.1% | |
| 15 | Alabama | 1 | 1.6% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Automotive Parts, Accessories, and Tire StoresNAICS 4413 | 14 | 21.9% | |
| 2 | Other Miscellaneous RetailersNAICS 4599 | 11 | 17.2% | |
| 3 | Electronics and Appliance RetailersNAICS 4492 | 7 | 10.9% | |
| 4 | Electronics and Appliance StoresNAICS 4431 | 7 | 10.9% | |
| 5 | Other Miscellaneous Store RetailersNAICS 4539 | 6 | 9.4% |
Approval sizes
- $50,000 or less7.8%5
- $50,001 to $150,0009.4%6
- $150,001 to $350,00037.5%24
- $350,001 to $1 million37.5%24
- $1 million to $2 million6.3%4
- Over $2 million1.6%1
Age of the businesses
- Existing, more than 2 years old12.5%8
- New business, 2 years or less6.3%4
- Startup, loan funds will open the business67.2%43
- Change of ownership14.1%9
Questions and answers
How many SBA loans go to Batteries Plus franchises?
113 approvals since FY2010, worth $52.2M; 64 in FY2021 to FY2025.
Which lenders make SBA loans for Batteries Plus franchises?
By approvals in FY2021 to FY2025: SouthState Bank, National Association (10), ConnectOne Bank (9), The Huntington National Bank (9), First Bank of the Lake (5), Stellar Bank (2).
How large is a typical SBA loan for a Batteries Plus franchise?
The average approval in FY2021 to FY2025 was $438K.
What share of Batteries Plus SBA loans are charged off?
Of 48 disbursed loans approved in FY2010 to FY2021, 6 (12.5%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Batteries Plus franchises rising?
Approvals in the three latest complete fiscal years total 28, against 39 in the three before: falling (-28%).
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