Franchise brands › It's Boba Time
Franchise brand56 approvals since FY2016
SBA loans to It's Boba Time 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 FY2016, 56 SBA loan approvals worth $27.2M carry the It's Boba Time franchise code, 31 of them in FY2021 to FY2025.
In FY2025 there were 6. The average approval in the five-year window was $494K.
10 lenders made the FY2021 to FY2025 loans across 1 state; the most active were Open Bank (8), Hanmi Bank (5) and Woori America Bank (5).
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* | 4 | $2.7M | $687K | 0 | 36 |
| FY2025 | 6 | $2.9M | $477K | 0 | 47 |
| FY2024 | 1 | — | — | 0 | 12 |
| FY2023 | 10 | $5.2M | $521K | 0 | 148 |
| FY2022 | 10 | $3.9M | $390K | 0 | 196 |
| FY2021 | 4 | $3.0M | $761K | 0 | 65 |
| FY2020 | 8 | $3.2M | $400K | 0 | 93 |
| FY2019 | 7 | $2.9M | $421K | 0 | 116 |
| FY2018 | 3 | $563K | $188K | 0 | 22 |
| FY2017 | 1 | — | — | 0 | 5 |
| FY2016 | 2 | — | — | 0 | 92 |
SBA's franchise field lists the brand as "IT'S BOBA TIME"; "It's Boba Time". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | It's Boba Time | All SBA loans |
|---|---|---|
| Approvals in these years | 25 | 725,496 |
| Cancelled or never disbursed | 4 | 91,827 |
| Disbursed loans | 21 | 633,669 |
| Paid in full | 13 | 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 | Open BankLos Angeles, CA | 8 | $3.4M | 25.8% | |
| 2 | Hanmi BankLos Angeles, CA | 5 | $3.3M | 16.1% | |
| 3 | Woori America BankNew York, NY | 5 | $2.8M | 16.1% | |
| 4 | Bank of HopeLos Angeles, CA | 5 | $2.4M | 16.1% | |
| 5 | Commonwealth Business BankLos Angeles, CA | 3 | $1.8M | 9.7% | |
| 6 | Golden Bank National AssociationHouston, TX | 1 | — | 3.2% | |
| 7 | East West BankPasadena, CA | 1 | — | 3.2% | |
| 8 | Shinhan Bank AmericaNew York, NY | 1 | — | 3.2% | |
| 9 | JPMorgan Chase Bank, National AssociationColumbus, OH | 1 | — | 3.2% | |
| 10 | United Business BankWalnut Creek, CA | 1 | — | 3.2% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | California | 31 | 100.0% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 31 | 100.0% |
Approval sizes
- $50,001 to $150,0006.5%2
- $150,001 to $350,00038.7%12
- $350,001 to $1 million45.2%14
- $1 million to $2 million9.7%3
Age of the businesses
- Existing, more than 2 years old22.6%7
- New business, 2 years or less22.6%7
- Startup, loan funds will open the business29.0%9
- Change of ownership25.8%8
Questions and answers
How many SBA loans go to It's Boba Time franchises?
56 approvals since FY2016, worth $27.2M; 31 in FY2021 to FY2025.
Which lenders make SBA loans for It's Boba Time franchises?
By approvals in FY2021 to FY2025: Open Bank (8), Hanmi Bank (5), Woori America Bank (5), Bank of Hope (5), Commonwealth Business Bank (3).
How large is a typical SBA loan for a It's Boba Time franchise?
The average approval in FY2021 to FY2025 was $494K.
What share of It's Boba Time 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 It's Boba Time franchises rising?
Approvals in the three latest complete fiscal years total 17, against 22 in the three before: falling (-23%).
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