Franchise brands › Benjamin Franklin Plumbing
Franchise brand60 approvals since FY2013
SBA loans to Benjamin Franklin Plumbing 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 60 loan approvals since FY2013 under the Benjamin Franklin Plumbing franchise brand, worth $22.2M; 30 of them came in FY2021 to FY2025.
In FY2025 there were 12, about level with FY2024. The average approval in the five-year window was $276K.
11 lenders made the FY2021 to FY2025 loans across 17 states; the most active were United Midwest Savings Bank National Association (14), The Huntington National Bank (7) and America First Federal Credit Union (1).
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* | 12 | $4.7M | $393K | 0 | 52 |
| FY2025 | 12 | $4.2M | $347K | 0 | 88 |
| FY2024 | 12 | $2.7M | $224K | 0 | 70 |
| FY2023 | 5 | $1.3M | $252K | 0 | 64 |
| FY2022 | 1 | — | — | 0 | 4 |
| FY2021 | 0 | — | — | 0 | 0 |
| FY2020 | 1 | — | — | 0 | 11 |
| FY2019 | 4 | $1.5M | $385K | 0 | 39 |
| FY2018 | 2 | — | — | 1 | 163 |
| FY2017 | 2 | — | — | 0 | 11 |
| FY2016 | 3 | $1.4M | $453K | 0 | 46 |
SBA's franchise field lists the brand as "BENJAMIN FRANKLIN PLUMBING"; "Benjamin Franklin Plumbing". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Benjamin Franklin Plumbing | All SBA loans |
|---|---|---|
| Approvals in these years | 18 | 725,496 |
| Cancelled or never disbursed | 2 | 91,827 |
| Disbursed loans | 16 | 633,669 |
| Paid in full | 11 | 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 | United Midwest Savings Bank National AssociationDe Graff, OH | 14 | $3.6M | 46.7% | |
| 2 | The Huntington National BankColumbus, OH | 7 | $1.3M | 23.3% | |
| 3 | America First Federal Credit UnionRiverdale, UT | 1 | — | 3.3% | |
| 4 | Colony BankFitzgerald, GA | 1 | — | 3.3% | |
| 5 | Old National BankEvansville, IN | 1 | — | 3.3% | |
| 6 | First Bank of the LakeOsage Beach, MO | 1 | — | 3.3% | |
| 7 | Citizens BankElizabethton, TN | 1 | — | 3.3% | |
| 8 | Magnifi Financial CUMelrose, MN | 1 | — | 3.3% | |
| 9 | Truist BankCharlotte, NC | 1 | — | 3.3% | |
| 10 | Guaranty BankSpringfield, MO | 1 | — | 3.3% | |
| 11 | CDC Small Business Finance Corp.San Diego, CA | 1 | — | 3.3% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | California | 5 | 16.7% | |
| 2 | North Carolina | 3 | 10.0% | |
| 3 | Georgia | 3 | 10.0% | |
| 4 | Texas | 2 | 6.7% | |
| 5 | Connecticut | 2 | 6.7% | |
| 6 | Utah | 2 | 6.7% | |
| 7 | Maryland | 2 | 6.7% | |
| 8 | New Jersey | 2 | 6.7% | |
| 9 | Arizona | 1 | 3.3% | |
| 10 | Alabama | 1 | 3.3% | |
| 11 | Wisconsin | 1 | 3.3% | |
| 12 | Arkansas | 1 | 3.3% | |
| 13 | Washington | 1 | 3.3% | |
| 14 | Illinois | 1 | 3.3% | |
| 15 | Kentucky | 1 | 3.3% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Building Equipment ContractorsNAICS 2382 | 29 | 96.7% | |
| 2 | Hardware, and Plumbing and Heating Equipment and Supplies Merchant WholesalersNAICS 4237 | 1 | 3.3% |
Approval sizes
- $50,000 or less10.0%3
- $50,001 to $150,00013.3%4
- $150,001 to $350,00060.0%18
- $350,001 to $1 million16.7%5
Age of the businesses
- Existing, more than 2 years old6.7%2
- New business, 2 years or less3.3%1
- Startup, loan funds will open the business90.0%27
Questions and answers
How many SBA loans go to Benjamin Franklin Plumbing franchises?
60 approvals since FY2013, worth $22.2M; 30 in FY2021 to FY2025.
Which lenders make SBA loans for Benjamin Franklin Plumbing franchises?
By approvals in FY2021 to FY2025: United Midwest Savings Bank National Association (14), The Huntington National Bank (7), America First Federal Credit Union (1), Colony Bank (1), Old National Bank (1).
How large is a typical SBA loan for a Benjamin Franklin Plumbing franchise?
The average approval in FY2021 to FY2025 was $276K.
What share of Benjamin Franklin Plumbing 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 Benjamin Franklin Plumbing franchises rising?
Volumes are too small to compare periods.
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