Franchise brands › Burger King
Franchise brand181 approvals since FY2010
SBA loans to Burger King 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 181 loan approvals since FY2010 under the Burger King franchise brand, worth $174M; 49 of them came in FY2021 to FY2025.
In FY2025 there were 5. The average approval in the five-year window was $833K, and 2 of the approvals were 504 loans.
14 lenders made the FY2021 to FY2025 loans across 13 states; the most active were Northeast Bank (22), Live Oak Banking Company (5) and Village Bank and Trust, National Association (4).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 2.7% as charged off, below 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* | 5 | $7.9M | $1.6M | 1 | 413 |
| FY2025 | 5 | $8.6M | $1.7M | 1 | 206 |
| FY2024 | 7 | $11.3M | $1.6M | 0 | 638 |
| FY2023 | 6 | $3.5M | $588K | 0 | 269 |
| FY2022 | 25 | $3.9M | $154K | 1 | 449 |
| FY2021 | 6 | $13.5M | $2.3M | 0 | 179 |
| FY2020 | 0 | — | — | 0 | 0 |
| FY2019 | 4 | $3.1M | $776K | 0 | 248 |
| FY2018 | 4 | $4.1M | $1.0M | 1 | 135 |
| FY2017 | 4 | $2.4M | $593K | 2 | 258 |
| FY2016 | 8 | $7.0M | $873K | 4 | 364 |
SBA's franchise field lists the brand as "BURGER KING"; "Burger King". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Burger King | All SBA loans |
|---|---|---|
| Approvals in these years | 133 | 725,496 |
| Cancelled or never disbursed | 23 | 91,827 |
| Disbursed loans | 110 | 633,669 |
| Paid in full | 86 | 471,304 |
| Charged off | 3 | 37,796 |
| Still outstanding (status exempt from disclosure) | 21 | 124,569 |
| Charged off, share of disbursed loans | 2.7% | 6.0% |
| Dollars charged off, share of disbursed dollars | 2.5% | 2.2% |
| Dollars charged off | $2.8M | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Northeast BankLewiston, ME | 22 | $550K | 44.9% | |
| 2 | Live Oak Banking CompanyWilmington, NC | 5 | $9.1M | 10.2% | |
| 3 | Village Bank and Trust, National AssociationArlington Heights, IL | 4 | $2.5M | 8.2% | |
| 4 | Metro City BankDoraville, GA | 3 | $5.4M | 6.1% | |
| 5 | SouthState Bank, National AssociationWinter Haven, FL | 3 | $3.3M | 6.1% | |
| 6 | Gulf Coast Bank and Trust CompanyNew Orleans, LA | 2 | — | 4.1% | |
| 7 | Eclipse Bank IncLouisville, KY | 2 | — | 4.1% | |
| 8 | Byline BankChicago, IL | 2 | — | 4.1% | |
| 9 | First Merchants BankIndianapolis, IN | 1 | — | 2.0% | |
| 10 | Open BankLos Angeles, CA | 1 | — | 2.0% | |
| 11 | Washington Trust BankSpokane, WA | 1 | — | 2.0% | |
| 12 | Capital Matrix, Inc.Boise, ID · CDC | 1 | — | 2.0% | |
| 13 | Florida First Capital Finance Corporation, Inc.Tallahassee, FL · CDC | 1 | — | 2.0% | |
| 14 | Newtek Bank, National AssociationMiami, FL | 1 | — | 2.0% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | New Jersey | 23 | 46.9% | |
| 2 | Texas | 4 | 8.2% | |
| 3 | Florida | 4 | 8.2% | |
| 4 | Illinois | 4 | 8.2% | |
| 5 | New York | 3 | 6.1% | |
| 6 | California | 2 | 4.1% | |
| 7 | Ohio | 2 | 4.1% | |
| 8 | Pennsylvania | 2 | 4.1% | |
| 9 | Alabama | 1 | 2.0% | |
| 10 | Wyoming | 1 | 2.0% | |
| 11 | Oregon | 1 | 2.0% | |
| 12 | Idaho | 1 | 2.0% | |
| 13 | Maryland | 1 | 2.0% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 49 | 100.0% |
Approval sizes
- $50,000 or less44.9%22
- $50,001 to $150,0004.1%2
- $150,001 to $350,0008.2%4
- $350,001 to $1 million12.2%6
- $1 million to $2 million18.4%9
- Over $2 million12.2%6
Age of the businesses
- Existing, more than 2 years old75.5%37
- New business, 2 years or less6.1%3
- Startup, loan funds will open the business2.0%1
- Change of ownership16.3%8
Questions and answers
How many SBA loans go to Burger King franchises?
181 approvals since FY2010, worth $174M; 49 in FY2021 to FY2025.
Which lenders make SBA loans for Burger King franchises?
By approvals in FY2021 to FY2025: Northeast Bank (22), Live Oak Banking Company (5), Village Bank and Trust, National Association (4), Metro City Bank (3), SouthState Bank, National Association (3).
How large is a typical SBA loan for a Burger King franchise?
The average approval in FY2021 to FY2025 was $833K.
What share of Burger King SBA loans are charged off?
Of 110 disbursed loans approved in FY2010 to FY2021, 3 (2.7%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Burger King franchises rising?
Approvals in the three latest complete fiscal years total 18, against 31 in the three before: falling (-42%).
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