Franchise brands › Junk King
Franchise brand74 approvals since FY2012
SBA loans to Junk King 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 FY2012, 74 SBA loan approvals worth $17.7M carry the Junk King franchise code, 33 of them in FY2021 to FY2025.
In FY2025 there were 9. The average approval in the five-year window was $280K, and 1 of the approvals were 504 loans.
17 lenders made the FY2021 to FY2025 loans across 20 states; the most active were United Midwest Savings Bank National Association (7), The Huntington National Bank (7) and First Bank of the Lake (2).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 5.4% as charged off, close to 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* | 8 | $2.7M | $338K | 0 | 44 |
| FY2025 | 9 | $2.9M | $321K | 0 | 89 |
| FY2024 | 7 | $2.5M | $352K | 0 | 55 |
| FY2023 | 8 | $1.7M | $214K | 1 | 73 |
| FY2022 | 4 | $916K | $229K | 0 | 41 |
| FY2021 | 5 | $1.3M | $251K | 0 | 30 |
| FY2020 | 3 | $570K | $190K | 0 | 25 |
| FY2019 | 6 | $1.3M | $224K | 0 | 28 |
| FY2018 | 12 | $1.8M | $152K | 0 | 54 |
| FY2017 | 5 | $1.0M | $205K | 0 | 32 |
| FY2016 | 3 | $450K | $150K | 0 | 23 |
SBA's franchise field lists the brand as "JUNK KING"; "Junk King". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Junk King | All SBA loans |
|---|---|---|
| Approvals in these years | 38 | 725,496 |
| Cancelled or never disbursed | 1 | 91,827 |
| Disbursed loans | 37 | 633,669 |
| Paid in full | 28 | 471,304 |
| Charged off | 2 | 37,796 |
| Still outstanding (status exempt from disclosure) | 7 | 124,569 |
| Charged off, share of disbursed loans | 5.4% | 6.0% |
| Dollars charged off, share of disbursed dollars | 4.7% | 2.2% |
| Dollars charged off | $327K | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | United Midwest Savings Bank National AssociationDe Graff, OH | 7 | $1.6M | 21.2% | |
| 2 | The Huntington National BankColumbus, OH | 7 | $1.3M | 21.2% | |
| 3 | First Bank of the LakeOsage Beach, MO | 2 | — | 6.1% | |
| 4 | Northwest BankWarren, PA | 2 | — | 6.1% | |
| 5 | U.S. Bank, National AssociationCincinnati, OH | 2 | — | 6.1% | |
| 6 | Byline BankChicago, IL | 2 | — | 6.1% | |
| 7 | Hancock Whitney BankGulfport, MS | 1 | — | 3.0% | |
| 8 | Bank of America, National AssociationCharlotte, NC | 1 | — | 3.0% | |
| 9 | Northwest Business Development AssociationSpokane Valley, WA · CDC | 1 | — | 3.0% | |
| 10 | Merchants Bank of IndianaCarmel, IN | 1 | — | 3.0% | |
| 11 | US Metro BankGarden Grove, CA | 1 | — | 3.0% | |
| 12 | Newtek Small Business Finance, Inc.Lake Success, NY | 1 | — | 3.0% | |
| 13 | Primis BankTappahannock, VA | 1 | — | 3.0% | |
| 14 | Lincoln Savings BankReinbeck, IA | 1 | — | 3.0% | |
| 15 | First Pryority BankPryor, OK | 1 | — | 3.0% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Florida | 3 | 9.1% | |
| 2 | California | 3 | 9.1% | |
| 3 | Washington | 3 | 9.1% | |
| 4 | Illinois | 3 | 9.1% | |
| 5 | Ohio | 3 | 9.1% | |
| 6 | New York | 2 | 6.1% | |
| 7 | Connecticut | 2 | 6.1% | |
| 8 | Georgia | 2 | 6.1% | |
| 9 | Louisiana | 1 | 3.0% | |
| 10 | Tennessee | 1 | 3.0% | |
| 11 | Oregon | 1 | 3.0% | |
| 12 | Nevada | 1 | 3.0% | |
| 13 | Kansas | 1 | 3.0% | |
| 14 | South Carolina | 1 | 3.0% | |
| 15 | Iowa | 1 | 3.0% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Waste CollectionNAICS 5621 | 33 | 100.0% |
Approval sizes
- $50,000 or less12.1%4
- $50,001 to $150,00021.2%7
- $150,001 to $350,00036.4%12
- $350,001 to $1 million30.3%10
Age of the businesses
- Existing, more than 2 years old18.2%6
- New business, 2 years or less15.2%5
- Startup, loan funds will open the business54.5%18
- Change of ownership12.1%4
Questions and answers
How many SBA loans go to Junk King franchises?
74 approvals since FY2012, worth $17.7M; 33 in FY2021 to FY2025.
Which lenders make SBA loans for Junk King franchises?
By approvals in FY2021 to FY2025: United Midwest Savings Bank National Association (7), The Huntington National Bank (7), First Bank of the Lake (2), Northwest Bank (2), U.S. Bank, National Association (2).
How large is a typical SBA loan for a Junk King franchise?
The average approval in FY2021 to FY2025 was $280K.
What share of Junk King SBA loans are charged off?
Of 37 disbursed loans approved in FY2010 to FY2021, 2 (5.4%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Junk King franchises rising?
Approvals in the three latest complete fiscal years total 24, against 12 in the three before: rising (+100%).
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