Franchise brands › Boyett Petroleum
Franchise brand50 approvals since FY2016
SBA loans to Boyett Petroleum 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 50 loan approvals since FY2016 under the Boyett Petroleum franchise brand, worth $114M; 25 of them came in FY2021 to FY2025.
In FY2025 there were 2. The average approval in the five-year window was $2.4M, and 4 of the approvals were 504 loans.
12 lenders made the FY2021 to FY2025 loans across 1 state; the most active were Celtic Bank Corporation (7), Commonwealth Business Bank (5) and Enterprise Bank & Trust (2).
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* | 7 | $19.8M | $2.8M | 1 | 45 |
| FY2025 | 2 | — | — | 0 | 18 |
| FY2024 | 3 | $4.1M | $1.4M | 1 | 17 |
| FY2023 | 6 | $20.4M | $3.4M | 0 | 42 |
| FY2022 | 8 | $20.8M | $2.6M | 1 | 44 |
| FY2021 | 6 | $9.4M | $1.6M | 2 | 96 |
| FY2020 | 6 | $11.6M | $1.9M | 0 | 79 |
| FY2019 | 8 | $11.0M | $1.4M | 0 | 39 |
| FY2018 | 3 | $8.8M | $2.9M | 0 | 13 |
| FY2017 | 0 | — | — | 0 | 0 |
| FY2016 | 1 | — | — | 0 | 6 |
SBA's franchise field lists the brand as "Boyett Petroleum - (76 Brand) Branded License Agreement"; "Boyett Petroleum - Kwik Serve Brand License & Supply Agreement"; "Boyett Petroleum - (Shell) Branded License Agreement"; "Boyett Petroleum - (Valero) Branded License Agreement". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Boyett Petroleum | All SBA loans |
|---|---|---|
| Approvals in these years | 24 | 725,496 |
| Cancelled or never disbursed | 2 | 91,827 |
| Disbursed loans | 22 | 633,669 |
| Paid in full | 13 | 471,304 |
| Charged off | 0 | 37,796 |
| Still outstanding (status exempt from disclosure) | 9 | 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 | 7 | $24.5M | 28.0% | |
| 2 | Commonwealth Business BankLos Angeles, CA | 5 | $10.4M | 20.0% | |
| 3 | Enterprise Bank & TrustClayton, MO | 2 | — | 8.0% | |
| 4 | Southwestern National BankHouston, TX | 2 | — | 8.0% | |
| 5 | Cen Cal Business Finance GroupFresno, CA · CDC | 2 | — | 8.0% | |
| 6 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 4.0% | |
| 7 | Metro City BankDoraville, GA | 1 | — | 4.0% | |
| 8 | PCB BankLos Angeles, CA | 1 | — | 4.0% | |
| 9 | East West BankPasadena, CA | 1 | — | 4.0% | |
| 10 | California Statewide Certified Development CorporationDavis, CA · CDC | 1 | — | 4.0% | |
| 11 | Plumas BankQuincy, CA | 1 | — | 4.0% | |
| 12 | Mortgage Capital Development CorporationOakland, CA · CDC | 1 | — | 4.0% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | California | 25 | 100.0% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Gasoline StationsNAICS 4571 | 16 | 64.0% | |
| 2 | Gasoline StationsNAICS 4471 | 7 | 28.0% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 1 | 4.0% | |
| 4 | Lessors of Real EstateNAICS 5311 | 1 | 4.0% |
Approval sizes
- $350,001 to $1 million12.0%3
- $1 million to $2 million36.0%9
- Over $2 million52.0%13
Age of the businesses
- Existing, more than 2 years old56.0%14
- New business, 2 years or less28.0%7
- Change of ownership16.0%4
Questions and answers
How many SBA loans go to Boyett Petroleum franchises?
50 approvals since FY2016, worth $114M; 25 in FY2021 to FY2025.
Which lenders make SBA loans for Boyett Petroleum franchises?
By approvals in FY2021 to FY2025: Celtic Bank Corporation (7), Commonwealth Business Bank (5), Enterprise Bank & Trust (2), Southwestern National Bank (2), Cen Cal Business Finance Group (2).
How large is a typical SBA loan for a Boyett Petroleum franchise?
The average approval in FY2021 to FY2025 was $2.4M.
What share of Boyett Petroleum 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 Boyett Petroleum franchises rising?
Approvals in the three latest complete fiscal years total 11, against 20 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