Franchise brands › Crumbl
Franchise brand307 approvals since FY2019
SBA loans to Crumbl 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 307 loan approvals since FY2019 under the Crumbl franchise brand, worth $184M; 263 of them came in FY2021 to FY2025.
In FY2025 there were 24, up 20% on FY2024. The average approval in the five-year window was $585K.
25 lenders made the FY2021 to FY2025 loans across 42 states; the most active were The Huntington National Bank (26), First Internet Bank of Indiana (12) and Citizens Bank (12).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 0.0% 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* | 19 | $23.8M | $1.3M | 0 | 637 |
| FY2025 | 24 | $26.6M | $1.1M | 0 | 819 |
| FY2024 | 20 | $15.8M | $788K | 0 | 1,030 |
| FY2023 | 75 | $42.7M | $569K | 0 | 4,729 |
| FY2022 | 82 | $42.7M | $520K | 0 | 4,802 |
| FY2021 | 62 | $26.0M | $419K | 0 | 2,865 |
| FY2020 | 22 | $5.9M | $270K | 0 | 619 |
| FY2019 | 3 | $469K | $156K | 0 | 74 |
| FY2018 | 0 | — | — | 0 | 0 |
| FY2017 | 0 | — | — | 0 | 0 |
| FY2016 | 0 | — | — | 0 | 0 |
SBA's franchise field lists the brand as "Crumbl". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Crumbl | All SBA loans |
|---|---|---|
| Approvals in these years | 87 | 725,496 |
| Cancelled or never disbursed | 7 | 91,827 |
| Disbursed loans | 80 | 633,669 |
| Paid in full | 54 | 471,304 |
| Charged off | 0 | 37,796 |
| Still outstanding (status exempt from disclosure) | 26 | 124,569 |
| Charged off, share of disbursed loans | 0.0% | 6.0% |
| Dollars charged off, share of disbursed dollars | 0.0% | 2.2% |
| Dollars charged off | $0 | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 26 | $7.5M | 9.9% | |
| 2 | First Internet Bank of IndianaFishers, IN | 12 | $8.5M | 4.6% | |
| 3 | Citizens BankElizabethton, TN | 12 | $6.6M | 4.6% | |
| 4 | First Merchants BankIndianapolis, IN | 11 | $5.7M | 4.2% | |
| 5 | Live Oak Banking CompanyWilmington, NC | 10 | $9.6M | 3.8% | |
| 6 | United Community BankGreenville, SC | 10 | $8.1M | 3.8% | |
| 7 | Cache Valley BankLogan, UT | 10 | $3.6M | 3.8% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 9 | $4.2M | 3.4% | |
| 9 | Five Star BankRancho Cordova, CA | 8 | $3.8M | 3.0% | |
| 10 | Fifth Third BankCincinnati, OH | 6 | $4.6M | 2.3% | |
| 11 | Byline BankChicago, IL | 6 | $3.7M | 2.3% | |
| 12 | Idaho Central CUChubbuck, ID | 6 | $3.0M | 2.3% | |
| 13 | Georgia Banking CompanyAtlanta, GA | 6 | $2.9M | 2.3% | |
| 14 | Celtic Bank CorporationSalt Lake City, UT | 5 | $7.4M | 1.9% | |
| 15 | KeyBank National AssociationCleveland, OH | 5 | $2.4M | 1.9% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | California | 30 | 11.4% | |
| 2 | Florida | 27 | 10.3% | |
| 3 | Ohio | 26 | 9.9% | |
| 4 | Texas | 25 | 9.5% | |
| 5 | Georgia | 18 | 6.8% | |
| 6 | Massachusetts | 10 | 3.8% | |
| 7 | North Carolina | 8 | 3.0% | |
| 8 | New York | 7 | 2.7% | |
| 9 | Michigan | 7 | 2.7% | |
| 10 | Indiana | 7 | 2.7% | |
| 11 | Washington | 7 | 2.7% | |
| 12 | Kentucky | 6 | 2.3% | |
| 13 | Utah | 6 | 2.3% | |
| 14 | Idaho | 6 | 2.3% | |
| 15 | Illinois | 6 | 2.3% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 115 | 43.7% | |
| 2 | Specialty Food StoresNAICS 4452 | 74 | 28.1% | |
| 3 | Bakeries and Tortilla ManufacturingNAICS 3118 | 72 | 27.4% | |
| 4 | Office Administrative ServicesNAICS 5611 | 1 | 0.4% | |
| 5 | Highway, Street, and Bridge ConstructionNAICS 2373 | 1 | 0.4% |
Approval sizes
- $50,000 or less5.7%15
- $50,001 to $150,0001.9%5
- $150,001 to $350,00019.4%51
- $350,001 to $1 million65.4%172
- $1 million to $2 million4.6%12
- Over $2 million3.0%8
Age of the businesses
- Existing, more than 2 years old6.8%18
- New business, 2 years or less24.0%63
- Startup, loan funds will open the business60.1%158
- Change of ownership9.1%24
Questions and answers
How many SBA loans go to Crumbl franchises?
307 approvals since FY2019, worth $184M; 263 in FY2021 to FY2025.
Which lenders make SBA loans for Crumbl franchises?
By approvals in FY2021 to FY2025: The Huntington National Bank (26), First Internet Bank of Indiana (12), Citizens Bank (12), First Merchants Bank (11), Live Oak Banking Company (10).
How large is a typical SBA loan for a Crumbl franchise?
The average approval in FY2021 to FY2025 was $585K.
What share of Crumbl SBA loans are charged off?
Of 80 disbursed loans approved in FY2010 to FY2021, 0 (0.0%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Crumbl franchises rising?
Approvals in the three latest complete fiscal years total 119, against 166 in the three before: falling (-28%).
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