Franchise brands › Charleys Philly Steaks
Franchise brand81 approvals since FY2018
SBA loans to Charleys Philly Steaks 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 FY2018, 81 SBA loan approvals worth $36.2M carry the Charleys Philly Steaks franchise code, 59 of them in FY2021 to FY2025.
In FY2025 there were 12. The average approval in the five-year window was $426K.
25 lenders made the FY2021 to FY2025 loans across 13 states; the most active were The Bancorp Bank National Association (9), The Huntington National Bank (9) and Newtek Small Business Finance, Inc. (6).
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 | $5.4M | $602K | 0 | 208 |
| FY2025 | 12 | $4.4M | $364K | 0 | 149 |
| FY2024 | 8 | $4.2M | $520K | 0 | 169 |
| FY2023 | 21 | $8.8M | $420K | 0 | 445 |
| FY2022 | 14 | $6.3M | $447K | 0 | 736 |
| FY2021 | 4 | $1.5M | $387K | 0 | 114 |
| FY2020 | 6 | $3.2M | $536K | 1 | 136 |
| FY2019 | 2 | — | — | 0 | 64 |
| FY2018 | 5 | $1.1M | $226K | 0 | 98 |
| FY2017 | 0 | — | — | 0 | 0 |
| FY2016 | 0 | — | — | 0 | 0 |
SBA's franchise field lists the brand as "Charleys Philly Steaks". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Charleys Philly Steaks | All SBA loans |
|---|---|---|
| Approvals in these years | 17 | 725,496 |
| Cancelled or never disbursed | 5 | 91,827 |
| Disbursed loans | 12 | 633,669 |
| Paid in full | 4 | 471,304 |
| Charged off | 0 | 37,796 |
| Still outstanding (status exempt from disclosure) | 8 | 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 | The Bancorp Bank National AssociationSioux Falls, SD | 9 | $4.0M | 15.3% | |
| 2 | The Huntington National BankColumbus, OH | 9 | $2.7M | 15.3% | |
| 3 | Newtek Small Business Finance, Inc.Lake Success, NY | 6 | $2.4M | 10.2% | |
| 4 | Readycap Lending, LLCBerkeley Heights, NJ | 4 | $2.4M | 6.8% | |
| 5 | Bank of HopeLos Angeles, CA | 3 | $1.2M | 5.1% | |
| 6 | First Bank of the LakeOsage Beach, MO | 3 | $892K | 5.1% | |
| 7 | Georgia's Own Credit UnionAtlanta, GA | 2 | — | 3.4% | |
| 8 | Stearns Bank National AssociationSaint Cloud, MN | 2 | — | 3.4% | |
| 9 | First Commonwealth BankIndiana, PA | 2 | — | 3.4% | |
| 10 | Manufacturers and Traders Trust CompanyBuffalo, NY | 2 | — | 3.4% | |
| 11 | First BankSouthern Pines, NC | 1 | — | 1.7% | |
| 12 | Southwestern National BankHouston, TX | 1 | — | 1.7% | |
| 13 | Wright Patt Credit Union IncBeavercreek, OH | 1 | — | 1.7% | |
| 14 | Wilmington Savings Fund Society FSBWilmington, DE | 1 | — | 1.7% | |
| 15 | Wallis BankWallis, TX | 1 | — | 1.7% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Texas | 18 | 30.5% | |
| 2 | Florida | 15 | 25.4% | |
| 3 | Maryland | 4 | 6.8% | |
| 4 | Pennsylvania | 4 | 6.8% | |
| 5 | Ohio | 3 | 5.1% | |
| 6 | Georgia | 3 | 5.1% | |
| 7 | Colorado | 3 | 5.1% | |
| 8 | Virginia | 2 | 3.4% | |
| 9 | Michigan | 2 | 3.4% | |
| 10 | New York | 2 | 3.4% | |
| 11 | Washington | 1 | 1.7% | |
| 12 | Alabama | 1 | 1.7% | |
| 13 | Tennessee | 1 | 1.7% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 59 | 100.0% |
Approval sizes
- $50,000 or less6.8%4
- $50,001 to $150,0008.5%5
- $150,001 to $350,00023.7%14
- $350,001 to $1 million57.6%34
- $1 million to $2 million3.4%2
Age of the businesses
- Existing, more than 2 years old8.5%5
- New business, 2 years or less15.3%9
- Startup, loan funds will open the business72.9%43
- Change of ownership3.4%2
Questions and answers
How many SBA loans go to Charleys Philly Steaks franchises?
81 approvals since FY2018, worth $36.2M; 59 in FY2021 to FY2025.
Which lenders make SBA loans for Charleys Philly Steaks franchises?
By approvals in FY2021 to FY2025: The Bancorp Bank National Association (9), The Huntington National Bank (9), Newtek Small Business Finance, Inc. (6), Readycap Lending, LLC (4), Bank of Hope (3).
How large is a typical SBA loan for a Charleys Philly Steaks franchise?
The average approval in FY2021 to FY2025 was $426K.
What share of Charleys Philly Steaks 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 Charleys Philly Steaks franchises rising?
Approvals in the three latest complete fiscal years total 41, against 24 in the three before: rising (+71%).
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