Franchise brands › Paris Baguette
Franchise brand138 approvals since FY2015
SBA loans to Paris Baguette 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 138 loan approvals since FY2015 under the Paris Baguette franchise brand, worth $158M; 91 of them came in FY2021 to FY2025.
In FY2025 there were 33, up 43% on FY2024. The average approval in the five-year window was $1.2M, and 3 of the approvals were 504 loans.
27 lenders made the FY2021 to FY2025 loans across 22 states; the most active were Celtic Bank Corporation (11), The Huntington National Bank (10) and Open Bank (6).
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* | 29 | $35.7M | $1.2M | 0 | 672 |
| FY2025 | 33 | $50.5M | $1.5M | 2 | 843 |
| FY2024 | 23 | $22.2M | $966K | 0 | 496 |
| FY2023 | 16 | $21.9M | $1.4M | 0 | 399 |
| FY2022 | 10 | $8.8M | $883K | 0 | 242 |
| FY2021 | 9 | $9.5M | $1.1M | 1 | 135 |
| FY2020 | 5 | $3.4M | $673K | 0 | 96 |
| FY2019 | 1 | — | — | 0 | 24 |
| FY2018 | 5 | $2.7M | $532K | 0 | 75 |
| FY2017 | 4 | $1.3M | $331K | 0 | 48 |
| FY2016 | 2 | — | — | 0 | 34 |
SBA's franchise field lists the brand as "PARIS BAGUETTE"; "Paris Baguette". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Paris Baguette | All SBA loans |
|---|---|---|
| Approvals in these years | 27 | 725,496 |
| Cancelled or never disbursed | 3 | 91,827 |
| Disbursed loans | 24 | 633,669 |
| Paid in full | 12 | 471,304 |
| Charged off | 0 | 37,796 |
| Still outstanding (status exempt from disclosure) | 12 | 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 | Celtic Bank CorporationSalt Lake City, UT | 11 | $17.6M | 12.1% | |
| 2 | The Huntington National BankColumbus, OH | 10 | $6.7M | 11.0% | |
| 3 | Open BankLos Angeles, CA | 6 | $3.8M | 6.6% | |
| 4 | Commonwealth Business BankLos Angeles, CA | 4 | $3.5M | 4.4% | |
| 5 | Byline BankChicago, IL | 3 | $5.6M | 3.3% | |
| 6 | John Marshall BankReston, VA | 3 | $5.2M | 3.3% | |
| 7 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $4.8M | 3.3% | |
| 8 | Newtek Bank, National AssociationMiami, FL | 3 | $3.8M | 3.3% | |
| 9 | East West BankPasadena, CA | 3 | $2.9M | 3.3% | |
| 10 | Bank of HopeLos Angeles, CA | 3 | $1.2M | 3.3% | |
| 11 | The Bancorp Bank National AssociationSioux Falls, SD | 2 | — | 2.2% | |
| 12 | FDIC - Community Bank & Trust-West GeorgiaLagrange, GA | 2 | — | 2.2% | |
| 13 | Hanmi BankLos Angeles, CA | 2 | — | 2.2% | |
| 14 | Choice Financial GroupFargo, ND | 2 | — | 2.2% | |
| 15 | Beacon Bank and TrustBrookline, MA | 2 | — | 2.2% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | California | 29 | 31.9% | |
| 2 | Texas | 9 | 9.9% | |
| 3 | Ohio | 8 | 8.8% | |
| 4 | New Jersey | 7 | 7.7% | |
| 5 | Virginia | 7 | 7.7% | |
| 6 | Illinois | 6 | 6.6% | |
| 7 | Pennsylvania | 3 | 3.3% | |
| 8 | Minnesota | 3 | 3.3% | |
| 9 | New York | 3 | 3.3% | |
| 10 | Michigan | 2 | 2.2% | |
| 11 | Missouri | 2 | 2.2% | |
| 12 | Florida | 2 | 2.2% | |
| 13 | North Carolina | 1 | 1.1% | |
| 14 | Arizona | 1 | 1.1% | |
| 15 | Colorado | 1 | 1.1% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 48 | 52.7% | |
| 2 | Bakeries and Tortilla ManufacturingNAICS 3118 | 31 | 34.1% | |
| 3 | Specialty Food StoresNAICS 4452 | 11 | 12.1% | |
| 4 | Grocery StoresNAICS 4451 | 1 | 1.1% |
Approval sizes
- $50,000 or less5.5%5
- $150,001 to $350,0003.3%3
- $350,001 to $1 million29.7%27
- $1 million to $2 million52.7%48
- Over $2 million8.8%8
Age of the businesses
- Existing, more than 2 years old12.1%11
- New business, 2 years or less12.1%11
- Startup, loan funds will open the business62.6%57
- Change of ownership13.2%12
Questions and answers
How many SBA loans go to Paris Baguette franchises?
138 approvals since FY2015, worth $158M; 91 in FY2021 to FY2025.
Which lenders make SBA loans for Paris Baguette franchises?
By approvals in FY2021 to FY2025: Celtic Bank Corporation (11), The Huntington National Bank (10), Open Bank (6), Commonwealth Business Bank (4), Byline Bank (3).
How large is a typical SBA loan for a Paris Baguette franchise?
The average approval in FY2021 to FY2025 was $1.2M.
What share of Paris Baguette 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 Paris Baguette franchises rising?
Approvals in the three latest complete fiscal years total 72, against 24 in the three before: rising (+200%).
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