Franchise brands › Little Caesars
Franchise brand198 approvals since FY2011
SBA loans to Little Caesars 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 198 loan approvals since FY2011 under the Little Caesars franchise brand, worth $140M; 114 of them came in FY2021 to FY2025.
In FY2025 there were 15, up 25% on FY2024. The average approval in the five-year window was $752K, and 2 of the approvals were 504 loans.
27 lenders made the FY2021 to FY2025 loans across 33 states; the most active were Western State Bank (9), The Huntington National Bank (8) and ChoiceOne Bank (5).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 4.0% 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* | 13 | $7.5M | $574K | 0 | 513 |
| FY2025 | 15 | $10.9M | $729K | 0 | 510 |
| FY2024 | 12 | $10.8M | $898K | 0 | 529 |
| FY2023 | 26 | $18.9M | $727K | 1 | 701 |
| FY2022 | 20 | $14.2M | $711K | 0 | 998 |
| FY2021 | 41 | $30.9M | $754K | 1 | 1,399 |
| FY2020 | 27 | $20.0M | $740K | 2 | 1,005 |
| FY2019 | 20 | $16.1M | $806K | 0 | 463 |
| FY2018 | 19 | $8.3M | $438K | 0 | 630 |
| FY2017 | 1 | — | — | 0 | 54 |
| FY2016 | 1 | — | — | 0 | 20 |
SBA's franchise field lists the brand as "Little Caesars". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Little Caesars | All SBA loans |
|---|---|---|
| Approvals in these years | 112 | 725,496 |
| Cancelled or never disbursed | 12 | 91,827 |
| Disbursed loans | 100 | 633,669 |
| Paid in full | 64 | 471,304 |
| Charged off | 4 | 37,796 |
| Still outstanding (status exempt from disclosure) | 32 | 124,569 |
| Charged off, share of disbursed loans | 4.0% | 6.0% |
| Dollars charged off, share of disbursed dollars | 1.7% | 2.2% |
| Dollars charged off | $1.2M | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Western State BankDevils Lake, ND | 9 | $8.6M | 7.9% | |
| 2 | The Huntington National BankColumbus, OH | 8 | $3.6M | 7.0% | |
| 3 | ChoiceOne BankSparta, MI | 5 | $3.1M | 4.4% | |
| 4 | Happen BankLehi, UT | 5 | $2.8M | 4.4% | |
| 5 | U.S. Bank, National AssociationCincinnati, OH | 5 | $2.7M | 4.4% | |
| 6 | Celtic Bank CorporationSalt Lake City, UT | 4 | $7.4M | 3.5% | |
| 7 | Fifth Third BankCincinnati, OH | 4 | $3.7M | 3.5% | |
| 8 | Banc of CaliforniaLos Angeles, CA | 4 | $3.7M | 3.5% | |
| 9 | Live Oak Banking CompanyWilmington, NC | 3 | $4.3M | 2.6% | |
| 10 | First Bank RichmondRichmond, IN | 3 | $1.7M | 2.6% | |
| 11 | Byline BankChicago, IL | 2 | — | 1.8% | |
| 12 | United Business BankWalnut Creek, CA | 2 | — | 1.8% | |
| 13 | CenTrust Bank, A Division of SmartBiz Bank National AssociationNorthbrook, IL | 2 | — | 1.8% | |
| 14 | Regent BankTulsa, OK | 2 | — | 1.8% | |
| 15 | 22nd State Bank, A Division of 22nd State Banking CompanyMobile, AL | 2 | — | 1.8% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Michigan | 21 | 18.4% | |
| 2 | Florida | 9 | 7.9% | |
| 3 | Indiana | 9 | 7.9% | |
| 4 | Texas | 9 | 7.9% | |
| 5 | Ohio | 8 | 7.0% | |
| 6 | Kentucky | 5 | 4.4% | |
| 7 | California | 5 | 4.4% | |
| 8 | Virginia | 3 | 2.6% | |
| 9 | Missouri | 3 | 2.6% | |
| 10 | Pennsylvania | 3 | 2.6% | |
| 11 | Georgia | 3 | 2.6% | |
| 12 | Connecticut | 3 | 2.6% | |
| 13 | New York | 3 | 2.6% | |
| 14 | South Dakota | 2 | 1.8% | |
| 15 | Oklahoma | 2 | 1.8% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 113 | 99.1% | |
| 2 | Special Food ServicesNAICS 7223 | 1 | 0.9% |
Approval sizes
- $50,000 or less6.1%7
- $50,001 to $150,0006.1%7
- $150,001 to $350,00018.4%21
- $350,001 to $1 million50.0%57
- $1 million to $2 million11.4%13
- Over $2 million7.9%9
Age of the businesses
- Existing, more than 2 years old25.4%29
- New business, 2 years or less14.9%17
- Startup, loan funds will open the business24.6%28
- Change of ownership35.1%40
Questions and answers
How many SBA loans go to Little Caesars franchises?
198 approvals since FY2011, worth $140M; 114 in FY2021 to FY2025.
Which lenders make SBA loans for Little Caesars franchises?
By approvals in FY2021 to FY2025: Western State Bank (9), The Huntington National Bank (8), ChoiceOne Bank (5), Happen Bank (5), U.S. Bank, National Association (5).
How large is a typical SBA loan for a Little Caesars franchise?
The average approval in FY2021 to FY2025 was $752K.
What share of Little Caesars SBA loans are charged off?
Of 100 disbursed loans approved in FY2010 to FY2021, 4 (4.0%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Little Caesars franchises rising?
Approvals in the three latest complete fiscal years total 53, against 88 in the three before: falling (-40%).
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