Franchise brands › Papa Murphy's Take 'N' Bake Pizza
Franchise brand77 approvals since FY2014
SBA loans to Papa Murphy's Take 'N' Bake Pizza 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 FY2014, 77 SBA loan approvals worth $42.8M carry the Papa Murphy's Take 'N' Bake Pizza franchise code, 40 of them in FY2021 to FY2025.
In FY2025 there were 6. The average approval in the five-year window was $537K, and 1 of the approvals were 504 loans.
23 lenders made the FY2021 to FY2025 loans across 17 states; the most active were U.S. Bank, National Association (5), The Huntington National Bank (5) and Citizens Bank (3).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 5.0% 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* | 6 | $5.6M | $930K | 0 | 50 |
| FY2025 | 6 | $2.3M | $380K | 0 | 64 |
| FY2024 | 2 | — | — | 0 | 29 |
| FY2023 | 7 | $4.6M | $660K | 0 | 140 |
| FY2022 | 11 | $7.3M | $668K | 1 | 273 |
| FY2021 | 14 | $5.8M | $414K | 0 | 429 |
| FY2020 | 8 | $7.7M | $964K | 0 | 266 |
| FY2019 | 6 | $3.1M | $518K | 1 | 370 |
| FY2018 | 13 | $3.7M | $287K | 0 | 185 |
| FY2017 | 1 | — | — | 0 | 21 |
| FY2016 | 0 | — | — | 0 | 0 |
SBA's franchise field lists the brand as "Papa Murphy's Take 'N' Bake Pizza". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Papa Murphy's Take 'N' Bake Pizza | All SBA loans |
|---|---|---|
| Approvals in these years | 45 | 725,496 |
| Cancelled or never disbursed | 5 | 91,827 |
| Disbursed loans | 40 | 633,669 |
| Paid in full | 19 | 471,304 |
| Charged off | 2 | 37,796 |
| Still outstanding (status exempt from disclosure) | 19 | 124,569 |
| Charged off, share of disbursed loans | 5.0% | 6.0% |
| Dollars charged off, share of disbursed dollars | 2.0% | 2.2% |
| Dollars charged off | $368K | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | U.S. Bank, National AssociationCincinnati, OH | 5 | $3.1M | 12.5% | |
| 2 | The Huntington National BankColumbus, OH | 5 | $678K | 12.5% | |
| 3 | Citizens BankElizabethton, TN | 3 | $1.7M | 7.5% | |
| 4 | Western State BankDevils Lake, ND | 3 | $1.1M | 7.5% | |
| 5 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 5.0% | |
| 6 | Plumas BankQuincy, CA | 2 | — | 5.0% | |
| 7 | First Mid Bank & Trust, National AssociationMattoon, IL | 2 | — | 5.0% | |
| 8 | Columbia BankLake Oswego, OR | 2 | — | 5.0% | |
| 9 | Choice Financial GroupFargo, ND | 2 | — | 5.0% | |
| 10 | KeyBank National AssociationCleveland, OH | 1 | — | 2.5% | |
| 11 | Northwest BankBoise, ID | 1 | — | 2.5% | |
| 12 | Stearns Bank National AssociationSaint Cloud, MN | 1 | — | 2.5% | |
| 13 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 2.5% | |
| 14 | Glacier BankKalispell, MT | 1 | — | 2.5% | |
| 15 | Technology Credit UnionSan Jose, CA | 1 | — | 2.5% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | California | 5 | 12.5% | |
| 2 | Wisconsin | 5 | 12.5% | |
| 3 | Minnesota | 5 | 12.5% | |
| 4 | Oregon | 3 | 7.5% | |
| 5 | Nevada | 3 | 7.5% | |
| 6 | Colorado | 3 | 7.5% | |
| 7 | Washington | 2 | 5.0% | |
| 8 | Idaho | 2 | 5.0% | |
| 9 | Georgia | 2 | 5.0% | |
| 10 | Illinois | 2 | 5.0% | |
| 11 | Indiana | 2 | 5.0% | |
| 12 | South Carolina | 1 | 2.5% | |
| 13 | Nebraska | 1 | 2.5% | |
| 14 | Missouri | 1 | 2.5% | |
| 15 | Utah | 1 | 2.5% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 31 | 77.5% | |
| 2 | Specialty Food StoresNAICS 4452 | 8 | 20.0% | |
| 3 | Special Food ServicesNAICS 7223 | 1 | 2.5% |
Approval sizes
- $50,000 or less7.5%3
- $50,001 to $150,0007.5%3
- $150,001 to $350,00037.5%15
- $350,001 to $1 million40.0%16
- $1 million to $2 million2.5%1
- Over $2 million5.0%2
Age of the businesses
- Existing, more than 2 years old35.0%14
- New business, 2 years or less10.0%4
- Startup, loan funds will open the business15.0%6
- Change of ownership40.0%16
Questions and answers
How many SBA loans go to Papa Murphy's Take 'N' Bake Pizza franchises?
77 approvals since FY2014, worth $42.8M; 40 in FY2021 to FY2025.
Which lenders make SBA loans for Papa Murphy's Take 'N' Bake Pizza franchises?
By approvals in FY2021 to FY2025: U.S. Bank, National Association (5), The Huntington National Bank (5), Citizens Bank (3), Western State Bank (3), Wells Fargo Bank National Association (2).
How large is a typical SBA loan for a Papa Murphy's Take 'N' Bake Pizza franchise?
The average approval in FY2021 to FY2025 was $537K.
What share of Papa Murphy's Take 'N' Bake Pizza SBA loans are charged off?
Of 40 disbursed loans approved in FY2010 to FY2021, 2 (5.0%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Papa Murphy's Take 'N' Bake Pizza franchises rising?
Approvals in the three latest complete fiscal years total 15, against 33 in the three before: falling (-55%).
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