SBA loans to Dickey's Barbecue Pit 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 271 loan approvals since FY2013 under the Dickey's Barbecue Pit franchise brand, worth $90.7M; 60 of them came in FY2021 to FY2025.

In FY2025 there were 2. The average approval in the five-year window was $435K.

19 lenders made the FY2021 to FY2025 loans across 25 states; the most active were Luminate Bank (27), TowneBank (9) and BankFirst Financial Services (3).

Of loans approved in FY2010 to FY2021 and disbursed, SBA records 28.4% as charged off, above the 6.0% for all SBA loans from those years. The figures describe loans to independent franchise owners, not the franchisor.

271approvals since FY2013$90.7M

60approvals, FY2021–FY2025FY2025: 2

$435Kaverage approval, FY2021–FY2025all SBA loans: $573K

19lenders, FY2021–FY202525 states

28.4%loans approved FY2010–FY2021 charged offall SBA loans: 6.0%

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	Jobs supported, as reported
FY2026*	2	—	—	70
FY2025	2	—	—	19
FY2024	5	$1.3M	$258K	76
FY2023	7	$2.5M	$354K	223
FY2022	25	$12.8M	$513K	345
FY2021	21	$8.7M	$415K	293
FY2020	14	$5.0M	$357K	183
FY2019	19	$8.0M	$423K	278
FY2018	20	$7.6M	$381K	353
FY2017	47	$15.5M	$329K	881
FY2016	37	$9.5M	$258K	863

SBA's franchise field lists the brand as "DICKEY'S BARBECUE PIT"; "Dickey's Barbecue Pit". Codes SBA has used for the same brand name are added together.

Charge-off cohort rate

Dickey's Barbecue Pit franchises28.4%

All SBA 7(a) and 504 loans6.0%

Share of disbursed loans approved FY2010–FY2021 that SBA records as charged off. A brand's rate reflects when and where its franchise owners borrowed and how much, as well as the brand.

Loans approved FY2010–FY2021	Dickey's Barbecue Pit	All SBA loans
Approvals in these years	230	725,496
Cancelled or never disbursed	29	91,827
Disbursed loans	201	633,669
Paid in full	113	471,304
Charged off	57	37,796
Still outstanding (status exempt from disclosure)	31	124,569
Charged off, share of disbursed loans	28.4%	6.0%
Dollars charged off, share of disbursed dollars	19.7%	2.2%
Dollars charged off	$12.7M	$6.20bn

Lenders

#	Lender, FY2021–FY2025	Approvals	Dollars	Share
1	Luminate BankMinneapolis, MN	27	$13.5M	45.0%
2	TowneBankPortsmouth, VA	9	$3.3M	15.0%
3	BankFirst Financial ServicesColumbus, MS	3	$889K	5.0%
4	The Huntington National BankColumbus, OH	3	$597K	5.0%
5	Gulf Coast Bank and Trust CompanyNew Orleans, LA	2	—	3.3%
6	Meridian BankMalvern, PA	2	—	3.3%
7	U.S. Bank, National AssociationCincinnati, OH	2	—	3.3%
8	KeyBank National AssociationCleveland, OH	1	—	1.7%
9	American BankCovington, LA	1	—	1.7%
10	Everwise Credit UnionSouth Bend, IN	1	—	1.7%
11	The Bank of ClovisClovis, NM	1	—	1.7%
12	Celtic Bank CorporationSalt Lake City, UT	1	—	1.7%
13	KALSEE Credit UnionKalamazoo, MI	1	—	1.7%
14	Hancock Whitney BankGulfport, MS	1	—	1.7%
15	Lendistry SBLC, LLCLos Angeles, CA	1	—	1.7%

States

#	State of the business, FY2021–FY2025	Approvals	Share
1	California	9	15.0%
2	Texas	8	13.3%
3	Colorado	5	8.3%
4	Ohio	4	6.7%
5	Indiana	4	6.7%
6	New Jersey	3	5.0%
7	Michigan	3	5.0%
8	Washington	3	5.0%
9	Tennessee	3	5.0%
10	Wyoming	2	3.3%
11	Alabama	2	3.3%
12	Montana	1	1.7%
13	Virginia	1	1.7%
14	Florida	1	1.7%
15	Pennsylvania	1	1.7%

Filed under

#	Industry group	Approvals	Share
1	Restaurants and Other Eating PlacesNAICS 7225	60	100.0%

Approval sizes

$50,000 or less11.7%7
$50,001 to $150,0006.7%4
$150,001 to $350,00021.7%13
$350,001 to $1 million58.3%35
$1 million to $2 million1.7%1

Age of the businesses

Existing, more than 2 years old10.0%6
New business, 2 years or less25.0%15
Startup, loan funds will open the business51.7%31
Change of ownership13.3%8

Questions and answers

How many SBA loans go to Dickey's Barbecue Pit franchises?

271 approvals since FY2013, worth $90.7M; 60 in FY2021 to FY2025.

Which lenders make SBA loans for Dickey's Barbecue Pit franchises?

By approvals in FY2021 to FY2025: Luminate Bank (27), TowneBank (9), BankFirst Financial Services (3), The Huntington National Bank (3), Gulf Coast Bank and Trust Company (2).

How large is a typical SBA loan for a Dickey's Barbecue Pit franchise?

The average approval in FY2021 to FY2025 was $435K.

What share of Dickey's Barbecue Pit SBA loans are charged off?

Of 201 disbursed loans approved in FY2010 to FY2021, 57 (28.4%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.

Are SBA loans to Dickey's Barbecue Pit franchises rising?

Approvals in the three latest complete fiscal years total 14, against 60 in the three before: falling (-77%).

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