Franchise brands › Duck Donuts
Franchise brand106 approvals since FY2016
SBA loans to Duck Donuts 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 106 loan approvals since FY2016 under the Duck Donuts franchise brand, worth $41.9M; 56 of them came in FY2021 to FY2025.
In FY2025 there were 21. The average approval in the five-year window was $438K.
25 lenders made the FY2021 to FY2025 loans across 21 states; the most active were The Huntington National Bank (9), First Commonwealth Bank (7) and ConnectOne Bank (5).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 15.1% 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.
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* | 3 | $1.1M | $353K | 0 | 17 |
| FY2025 | 21 | $10.0M | $476K | 0 | 295 |
| FY2024 | 8 | $4.2M | $527K | 0 | 114 |
| FY2023 | 12 | $6.3M | $522K | 0 | 233 |
| FY2022 | 4 | $955K | $239K | 0 | 74 |
| FY2021 | 11 | $3.1M | $282K | 0 | 214 |
| FY2020 | 7 | $2.6M | $365K | 0 | 143 |
| FY2019 | 9 | $2.9M | $326K | 0 | 178 |
| FY2018 | 15 | $6.1M | $409K | 0 | 383 |
| FY2017 | 15 | $4.6M | $303K | 0 | 488 |
| FY2016 | 1 | — | — | 0 | 22 |
SBA's franchise field lists the brand as "Duck Donuts". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Duck Donuts | All SBA loans |
|---|---|---|
| Approvals in these years | 58 | 725,496 |
| Cancelled or never disbursed | 5 | 91,827 |
| Disbursed loans | 53 | 633,669 |
| Paid in full | 30 | 471,304 |
| Charged off | 8 | 37,796 |
| Still outstanding (status exempt from disclosure) | 15 | 124,569 |
| Charged off, share of disbursed loans | 15.1% | 6.0% |
| Dollars charged off, share of disbursed dollars | 6.5% | 2.2% |
| Dollars charged off | $1.2M | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 9 | $3.1M | 16.1% | |
| 2 | First Commonwealth BankIndiana, PA | 7 | $3.1M | 12.5% | |
| 3 | ConnectOne BankEnglewood Cliffs, NJ | 5 | $3.0M | 8.9% | |
| 4 | Byline BankChicago, IL | 4 | $2.6M | 7.1% | |
| 5 | First Bank of the LakeOsage Beach, MO | 4 | $2.2M | 7.1% | |
| 6 | Stock Yards Bank & Trust CompanyLouisville, KY | 3 | $200K | 5.4% | |
| 7 | CountybankGreenwood, SC | 2 | — | 3.6% | |
| 8 | TowneBankPortsmouth, VA | 2 | — | 3.6% | |
| 9 | Renasant BankTupelo, MS | 2 | — | 3.6% | |
| 10 | The First Bank and Trust CompanyLebanon, VA | 2 | — | 3.6% | |
| 11 | 22nd State Bank, A Division of 22nd State Banking CompanyMobile, AL | 2 | — | 3.6% | |
| 12 | Milestone BankSalt Lake City, UT | 1 | — | 1.8% | |
| 13 | Dime Commercial BankHauppauge, NY | 1 | — | 1.8% | |
| 14 | First National Bank of PennsylvaniaGreenville, PA | 1 | — | 1.8% | |
| 15 | Citizens BankElizabethton, TN | 1 | — | 1.8% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Virginia | 7 | 12.5% | |
| 2 | South Carolina | 6 | 10.7% | |
| 3 | New Jersey | 5 | 8.9% | |
| 4 | Pennsylvania | 5 | 8.9% | |
| 5 | New York | 4 | 7.1% | |
| 6 | Florida | 4 | 7.1% | |
| 7 | North Carolina | 3 | 5.4% | |
| 8 | Texas | 3 | 5.4% | |
| 9 | Tennessee | 3 | 5.4% | |
| 10 | Kentucky | 3 | 5.4% | |
| 11 | Idaho | 2 | 3.6% | |
| 12 | Illinois | 2 | 3.6% | |
| 13 | California | 1 | 1.8% | |
| 14 | Connecticut | 1 | 1.8% | |
| 15 | Kansas | 1 | 1.8% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 44 | 78.6% | |
| 2 | Specialty Food StoresNAICS 4452 | 12 | 21.4% |
Approval sizes
- $50,000 or less12.5%7
- $50,001 to $150,0008.9%5
- $150,001 to $350,00010.7%6
- $350,001 to $1 million67.9%38
Age of the businesses
- Existing, more than 2 years old3.6%2
- New business, 2 years or less12.5%7
- Startup, loan funds will open the business73.2%41
- Change of ownership10.7%6
Questions and answers
How many SBA loans go to Duck Donuts franchises?
106 approvals since FY2016, worth $41.9M; 56 in FY2021 to FY2025.
Which lenders make SBA loans for Duck Donuts franchises?
By approvals in FY2021 to FY2025: The Huntington National Bank (9), First Commonwealth Bank (7), ConnectOne Bank (5), Byline Bank (4), First Bank of the Lake (4).
How large is a typical SBA loan for a Duck Donuts franchise?
The average approval in FY2021 to FY2025 was $438K.
What share of Duck Donuts SBA loans are charged off?
Of 53 disbursed loans approved in FY2010 to FY2021, 8 (15.1%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Duck Donuts franchises rising?
Approvals in the three latest complete fiscal years total 41, against 22 in the three before: rising (+86%).
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