Franchise brands › Circle K
Franchise brand90 approvals since FY2010
SBA loans to Circle K 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, 90 SBA loan approvals worth $121M carry the Circle K franchise code, 20 of them in FY2021 to FY2025.
In FY2025 there were 3. The average approval in the five-year window was $1.4M, and 5 of the approvals were 504 loans.
16 lenders made the FY2021 to FY2025 loans across 2 states; the most active were Celtic Bank Corporation (2), Columbia Bank (2) and California Statewide Certified Development Corporation (2).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 4.8% 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* | 2 | — | — | 1 | 15 |
| FY2025 | 3 | $4.2M | $1.4M | 0 | 15 |
| FY2024 | 1 | — | — | 0 | 5 |
| FY2023 | 4 | $3.4M | $862K | 1 | 44 |
| FY2022 | 7 | $8.0M | $1.1M | 3 | 54 |
| FY2021 | 5 | $10.9M | $2.2M | 1 | 27 |
| FY2020 | 11 | $15.1M | $1.4M | 2 | 96 |
| FY2019 | 7 | $13.4M | $1.9M | 0 | 56 |
| FY2018 | 5 | $7.0M | $1.4M | 0 | 31 |
| FY2017 | 11 | $8.2M | $743K | 0 | 72 |
| FY2016 | 7 | $11.4M | $1.6M | 0 | 28 |
SBA's franchise field lists the brand as "CIRCLE K"; "Circle K (C-store Agreement only)". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Circle K | All SBA loans |
|---|---|---|
| Approvals in these years | 73 | 725,496 |
| Cancelled or never disbursed | 10 | 91,827 |
| Disbursed loans | 63 | 633,669 |
| Paid in full | 41 | 471,304 |
| Charged off | 3 | 37,796 |
| Still outstanding (status exempt from disclosure) | 19 | 124,569 |
| Charged off, share of disbursed loans | 4.8% | 6.0% |
| Dollars charged off, share of disbursed dollars | 3.6% | 2.2% |
| Dollars charged off | $3.1M | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Celtic Bank CorporationSalt Lake City, UT | 2 | — | 10.0% | |
| 2 | Columbia BankLake Oswego, OR | 2 | — | 10.0% | |
| 3 | California Statewide Certified Development CorporationDavis, CA · CDC | 2 | — | 10.0% | |
| 4 | Byline BankChicago, IL | 2 | — | 10.0% | |
| 5 | Plumas BankQuincy, CA | 1 | — | 5.0% | |
| 6 | Advantage Certified Development CorporationLong Beach, CA · CDC | 1 | — | 5.0% | |
| 7 | CDC Small Business Finance Corp.San Diego, CA · CDC | 1 | — | 5.0% | |
| 8 | Cen Cal Business Finance GroupFresno, CA · CDC | 1 | — | 5.0% | |
| 9 | Firstrust Savings BankConshohocken, PA | 1 | — | 5.0% | |
| 10 | Mission BankBakersfield, CA | 1 | — | 5.0% | |
| 11 | Cathay BankLos Angeles, CA | 1 | — | 5.0% | |
| 12 | Southwestern National BankHouston, TX | 1 | — | 5.0% | |
| 13 | American Continental BankCity of Industry, CA | 1 | — | 5.0% | |
| 14 | Commonwealth Business BankLos Angeles, CA | 1 | — | 5.0% | |
| 15 | Bank of HopeLos Angeles, CA | 1 | — | 5.0% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | California | 19 | 95.0% | |
| 2 | New Jersey | 1 | 5.0% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Grocery StoresNAICS 4451 | 10 | 50.0% | |
| 2 | Gasoline StationsNAICS 4471 | 5 | 25.0% | |
| 3 | Gasoline StationsNAICS 4571 | 4 | 20.0% | |
| 4 | Specialty Food StoresNAICS 4452 | 1 | 5.0% |
Approval sizes
- $50,000 or less5.0%1
- $150,001 to $350,0005.0%1
- $350,001 to $1 million40.0%8
- $1 million to $2 million30.0%6
- Over $2 million20.0%4
Age of the businesses
- Existing, more than 2 years old40.0%8
- New business, 2 years or less15.0%3
- Startup, loan funds will open the business5.0%1
- Change of ownership40.0%8
Questions and answers
How many SBA loans go to Circle K franchises?
90 approvals since FY2010, worth $121M; 20 in FY2021 to FY2025.
Which lenders make SBA loans for Circle K franchises?
By approvals in FY2021 to FY2025: Celtic Bank Corporation (2), Columbia Bank (2), California Statewide Certified Development Corporation (2), Byline Bank (2), Plumas Bank (1).
How large is a typical SBA loan for a Circle K franchise?
The average approval in FY2021 to FY2025 was $1.4M.
What share of Circle K SBA loans are charged off?
Of 63 disbursed loans approved in FY2010 to FY2021, 3 (4.8%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Circle K franchises rising?
Approvals in the three latest complete fiscal years total 8, against 23 in the three before: falling (-65%).
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